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Financial Market Dissertations

C/B/2060. Dissertation. Calendar Anomalies in Stock Markets in Light of Efficient Market Hypothesis: Case Study of “Day-of-the- Week” Effect

WORDS:

10100

DATE:

2009

PRICE:

109.99 GBP

The dissertation examines the ‘day-of-the-week’ effect as a calendar anomaly within stock markets. The review of academic and financial management literature touches on different types of calendar anomalies within the stock markets, the ‘day-of-the-week’ effect, the reasons behind calendar anomalies, the efficient market hypothesis, and theoretical approaches to decision making with regard to financial markets’ behaviour, etc. The research onion framework is described, the methods of the research are outlined including positivism and deduction approaches, a case study of the London Stock Exchange is conducted with regard to the impacts of calendar anomalies on the market behaviour. Conclusions are made about the existence of the ‘day-of-the-week’ effect in the efficient markets, and their implications for financial investment decisions.

KEYWORDS: Dissertation, Calendar Anomalies, Seasonality, Stock Exchange, Financial Markets, London Stock Exchange, Day-of-the-Week Effect,