SeptemBear – A seasonality puzzle in the German stock index DAX
The September performance of the DAX (German stock market index) was found to be below average in the period from 1959–1999. This finding is shown to be robust to several changes in the empirical specification. None of the variables under consideration – elections, risk premia and German unification – were able to resolve this puzzle.
Document Type: Research Article
Publication date: 01 November 2002
- Editorial Board
- Information for Authors
- Subscribe to this Title
- Ingenta Connect is not responsible for the content or availability of external websites
Receive new issue alert- Access Key
- Free content
- Partial Free content
- New content
- Open access content
- Partial Open access content
- Subscribed content
- Partial Subscribed content
- Free trial content