To read the full version of this content please select one of the options below:

Reversal of the weekend effect in Canada: an empirical analysis

Srinivas Nippani (Department of Accounting, Economics and Finance, College of Business and Technology, Texas A&M University‐Commerce, Commerce, Texas, USA)
John G. Greenhut (Department of Accounting, Economics and Finance, College of Business and Technology, Texas A&M University‐Commerce, Commerce, Texas, USA)

Managerial Finance

ISSN: 0307-4358

Article publication date: 9 August 2011

Abstract

Purpose

The purpose of the paper is to check for reverse weekend effect in the Canadian stock market.

Design/methodology/approach

T‐tests, non‐parametric tests and regressions were employed.

Findings

There is reverse weekend effect in the Canadian stock market. Canadian stocks are shown to exhibit the traditional weekend effect prior to 1988, dissipating after that year until 1998 and then reversing to become the first non‐US market for which a reverse weekend effect is found.

Originality/value

This is the first paper on the Canadian stock market looking at reversal.

Keywords

Citation

Nippani, S. and Greenhut, J.G. (2011), "Reversal of the weekend effect in Canada: an empirical analysis", Managerial Finance, Vol. 37 No. 9, pp. 840-854. https://doi.org/10.1108/03074351111153221

Publisher

:

Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited