Seasonal Stock Return Patterns In The Seven Industrialized Nations

Abstract

<p class="MsoBodyText" style="margin: 0in 0.5in 0pt;"><span style="font-style: normal; mso-bidi-font-style: italic;"><span style="font-size: x-small;"><span style="font-family: Times New Roman;">The paper extends research on the January effect on the G7 countries by evaluating it by decade through 2001.<span style="mso-spacerun: yes;">  </span>The January effect peaked during the 1970s and is smaller and less common in recent years.<span style="mso-spacerun: yes;">  </span>The data reveal a marked seasonal return pattern with higher returns in December through May than in June through November.<span style="mso-spacerun: yes;">  </span>The pattern, not related to the January effect, is more common in recent years.<span style="mso-spacerun: yes;">   </span></span></span></span></p>