The January Effect and Other Seasonal Anomalies: A Common Theoretical Framework
This book applies John Maynard Keynes' theory of investor liquidity preferences to the examination of the stock market literature on the January effect and other seasonal anomalies. Keynes' theory provides a common theoretical framework and represents a paradigm shift for the examination of all seasonals. An extensive literature review is provided along with identification and empirical examinations of the intergenerational transfers hypothesis, special closings of the New York Stock Exchange, tax (estimated tax) payment effects, and an historical/contemporary retail merchandising industry seasonal.
Emerald Group Publishing Limited
stock market, January Effect, seasonal anomalies, theory of investor liquidity preferences
Finance and Financial Management
Cataldo, Anthony J. II and Savage, Arline A., "The January Effect and Other Seasonal Anomalies: A Common Theoretical Framework" (2000). College of Business & Public Management Faculty Books. 3.