Calendar trading of Taiwan stock market: A study of holidays on trading detachment and interruptions

Ann Shawing Yang

doi:10.1016/j.ememar.2016.08.004

Calendar trading of Taiwan stock market: A study of holidays on trading detachment and interruptions

Ann Shawing Yang

Institute of International Management (IMBA)

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

We analyze the influence of the Chinese lunar calendar and superstitions on holiday preferences using theories on time and mood to identify investor sentiment. Trading interruptions caused by Thursday holidays negative significantly influence investor sentiment for trust companies and individual investors. Trading detachment derived from cultural holidays in June positive significantly influences investor sentiment for dealers and individual investors. Trust companies and the market exhibit significantly positive sentiments toward winter holidays. The stock exchange indicates negative and positive sentiments toward winter holidays and holidays in January. Cultural holidays and superstition in Taiwan indicate strong support for holiday preferences in Asia.

Original language	English
Pages (from-to)	140-154
Number of pages	15
Journal	Emerging Markets Review
Volume	28
DOIs	https://doi.org/10.1016/j.ememar.2016.08.004
Publication status	Published - 2016 Sept 1

All Science Journal Classification (ASJC) codes

Business and International Management
Economics and Econometrics

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10.1016/j.ememar.2016.08.004

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title = "Calendar trading of Taiwan stock market: A study of holidays on trading detachment and interruptions",

abstract = "We analyze the influence of the Chinese lunar calendar and superstitions on holiday preferences using theories on time and mood to identify investor sentiment. Trading interruptions caused by Thursday holidays negative significantly influence investor sentiment for trust companies and individual investors. Trading detachment derived from cultural holidays in June positive significantly influences investor sentiment for dealers and individual investors. Trust companies and the market exhibit significantly positive sentiments toward winter holidays. The stock exchange indicates negative and positive sentiments toward winter holidays and holidays in January. Cultural holidays and superstition in Taiwan indicate strong support for holiday preferences in Asia.",

author = "Yang, \{Ann Shawing\}",

note = "Funding Information: The author is grateful to the Editor and anonymous referees. The author thanks the Ministry of Science and Technology (MOST) of Taiwan, R.O.C. , formally National Science Council (NSC) , for financially supporting this research under the grant NSC-102-2410-H-006-023 . Publisher Copyright: {\textcopyright} 2016 Elsevier B.V.",

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T2 - A study of holidays on trading detachment and interruptions

AU - Yang, Ann Shawing

N1 - Funding Information: The author is grateful to the Editor and anonymous referees. The author thanks the Ministry of Science and Technology (MOST) of Taiwan, R.O.C. , formally National Science Council (NSC) , for financially supporting this research under the grant NSC-102-2410-H-006-023 . Publisher Copyright: © 2016 Elsevier B.V.

PY - 2016/9/1

Y1 - 2016/9/1

N2 - We analyze the influence of the Chinese lunar calendar and superstitions on holiday preferences using theories on time and mood to identify investor sentiment. Trading interruptions caused by Thursday holidays negative significantly influence investor sentiment for trust companies and individual investors. Trading detachment derived from cultural holidays in June positive significantly influences investor sentiment for dealers and individual investors. Trust companies and the market exhibit significantly positive sentiments toward winter holidays. The stock exchange indicates negative and positive sentiments toward winter holidays and holidays in January. Cultural holidays and superstition in Taiwan indicate strong support for holiday preferences in Asia.

AB - We analyze the influence of the Chinese lunar calendar and superstitions on holiday preferences using theories on time and mood to identify investor sentiment. Trading interruptions caused by Thursday holidays negative significantly influence investor sentiment for trust companies and individual investors. Trading detachment derived from cultural holidays in June positive significantly influences investor sentiment for dealers and individual investors. Trust companies and the market exhibit significantly positive sentiments toward winter holidays. The stock exchange indicates negative and positive sentiments toward winter holidays and holidays in January. Cultural holidays and superstition in Taiwan indicate strong support for holiday preferences in Asia.

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SP - 140

EP - 154

JO - Emerging Markets Review

JF - Emerging Markets Review

ER -

Calendar trading of Taiwan stock market: A study of holidays on trading detachment and interruptions

Abstract

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