HISTORICAL PRE AND POST SPECIAL CLOSING EFFECTS
Michael J. Seiler
(Assistant Professor, Department of Finance, Hawaii Pacific University, Honolulu, HI 96813)
386
Abstract
This study examines the historical return behavior surrounding foreseeable or expected special closings of the New York Stock Exchange. Pre and Post special closing return behavior supports no existing hypothesis, but instead clearly demonstrates a new pre and post special closing effect similar to the pre and post holiday effect found by Ariel (1990, 1987).
Citation
Seiler, M.J. (1997), "HISTORICAL PRE AND POST SPECIAL CLOSING EFFECTS", Studies in Economics and Finance, Vol. 18 No. 2, pp. 59-73. https://doi.org/10.1108/eb028742
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited