The daily distribution of changes in the
โ
Edward A. Dyl; Edwin D. Maberly
๐
Article
๐
1986
๐
John Wiley and Sons
๐
English
โ 592 KB
any empirical studies of daily returns on common stocks and other financial M assets in United States markets have reported daily. patterns that are seemingly inexplicable (Cross, 1973, French, 1980, Gibbons and Hess, 1981 and Keim and Stambaugh, 1984). Recently, Jaffe and Westerfield (1985) report