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Cited by 771

The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.

The Week‐End Effect in Common Stock Returns: The International Evidence

JAFFE, JEFFREY, WESTERFIELD, RANDOLPH·1985·The Journal of Finance
DOI 10.1111/j.1540-6261.1985.tb04966.x
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Abstract

This paper examines the daily stock market returns for four foreign countries. We find a so‐called “week‐end effect” in each country. In addition, the lowest mean returns for the Japanese and Australian stock markets occur on Tuesday. The remainder of the paper answers four questions. Are seasonal patterns in foreign stock markets independent of those previously reported in the U.S.? Do Japan and Australia exhibit a seasonal one day out of phase due to different time zones? Do settlement procedures across countries bias week‐end effects? Does the seasonal pattern in foreign exchange offset the week‐end effect in stocks for Americans investing overseas?

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Registry

Crossref · 10.1111/j.1540-6261.1985.tb04966.x

Cites

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Metadata

Authors
JAFFE, J., & WESTERFIELD, R.
Venue
The Journal of Finance
Publisher
Wiley
Published
1985-06
Volume
40
Issue
2
Pages
433-454
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1985.tb04966.x
OpenAlex
W2069761834
Cited by
771
References
7
FWCI
20.13
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Week‐End Effect in Common Stock Returns: The International Evidence. https://app.cochat.ai/papers/10.1111/j.1540-6261.1985.tb04966.x
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JAFFE, J., & WESTERFIELD, R. (1985). The Week‐End Effect in Common Stock Returns: The International Evidence. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1985.tb04966.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.