RT Journal Article
SR Electronic
T1 Month-of-the-Year Effect Analysis on Taiwan’s 28 Major Industry Stocks
JF The Journal of Private Equity
FD Institutional Investor Journals
SP jpe.2018.1.073
DO 10.3905/jpe.2018.1.073
A1 Tzu-Yi Yang
A1 Chin-Mei Chou
A1 Andrew Yi-Hung Liang
A1 Yung-Heng Lee
YR 2018
UL https://pm-research.com/content/early/2018/11/14/jpe.2018.1.073.abstract
AB In modern society, the stock market plays an essential role among different investment tools. It matches capital supply and demand so that the idle capital existing in the community is employed effectively. That is, the capital supplier can get the dividend and capital gain, and capital demander can grow production and daily business operation activity. Most domestic scholars focused on investigating the influence of seasonal effects on the stock market. This study researches the month-of-the-year impact on the stock market. Regression analysis is used to determine if there is a month-of-the-year significance for 28 major industry stocks in Taiwan between 2008 to 2016.