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However, the long-term effects of the weeks of oil exposure remain unknown.
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Here, we examine the ability of mood to explain the day-of-the-week effect in the three subperiods.
In this section, we provide a full-period analysis of the day-of-the-week effect.
This paper makes two contributions to the literature on the day-of-the-week effect.
Fig. 2 Day-of-the-week effect for the EW and VW portfolios in three subperiods.
We study the day-of-the-week effect across size deciles and over time.
Several theories attempt to explain the day-of-the-week effect.
Fig. 1 Day-of-the-week effect for the EW and VW portfolios 1953 2006.
However, there was a strong day-of-the-week effect on ED re-attendance rate.
The fifth and sixth papers are "The evolution and cross-section of the day-of-the-week effect" and "Day-of-the-Week Returns and Mood: An Exterior Template Approach" by Shlomo Zilca.
Investigation of the day-of-the-week effect has been also extended to other stock markets around the world, with evidence supporting the existence of the day-of-the-week effect in many of them.
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