TY - JOUR
T1 - Calendar trading of Taiwan stock market
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 .
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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U2 - 10.1016/j.ememar.2016.08.004
DO - 10.1016/j.ememar.2016.08.004
M3 - Article
AN - SCOPUS:84991738617
VL - 28
SP - 140
EP - 154
JO - Emerging Markets Review
JF - Emerging Markets Review
SN - 1566-0141
ER -