The Weekend Effect: Trading Patterns of Individual and Institutional Investors
The Journal of FinancePublished 1 March 1990
Josef Lakonishok, Edwin D. Maberly
Citations486
SJR quartileQ1
SJR score22.84
SNIP5.51
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Abstract
ABSTRACT In this paper, we document regularities in trading patterns of individual and institutional investors related to the day of the week. We find a relative increase in trading activity by individuals on Mondays. In addition, there is a tendency for individuals to increase the number of sell transactions relative to buy transactions, which might explain at least part of the weekend effect.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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