Construct · 1 fields · 1 citations

turn-of-the-month effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
turn-of-the-montheffect1 CONSTRUCTTurn-of-the-month effectARIEL · ASSET PRICING

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Asset pricing

the concentration of positive stock returns in the days just before and the first half of each calendar month.

In asset pricing, turn-of-the-month effect refers to the concentration of positive stock returns in the days just before and the first half of each calendar month. This meaning comes from Ariel (1987) in Journal of Financial Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructsconcentration4 fields · 4 citationsjingle · one word, four constructsstock2 fields · 2 citationsjingle · one word, two constructs

References

  1. Ariel, R. A. (1987). A monthly effect in stock returns. Journal of Financial Economics, 18(1), 161-174. https://doi.org/10.1016/0304-405x(87)90066-3

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