{"id":"https://openalex.org/W1966417920","doi":"https://doi.org/10.1080/0003684032000050586","title":"Stock returns and the day-of-the-week effect in istanbul Stock Exchange","display_name":"Stock returns and the day-of-the-week effect in istanbul Stock Exchange","publication_year":2003,"publication_date":"2003-05-01","ids":{"openalex":"https://openalex.org/W1966417920","doi":"https://doi.org/10.1080/0003684032000050586","mag":"1966417920"},"language":"en","primary_location":{"id":"doi:10.1080/0003684032000050586","doi":"https://doi.org/10.1080/0003684032000050586","is_oa":false,"landing_page_url":"https://doi.org/10.1080/0003684032000050586","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://hdl.handle.net/11511/63219","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076559833","display_name":"Cemal Berk O\u011fuzsoy","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I201799495","display_name":"Middle East Technical University","ror":"https://ror.org/014weej12","country_code":"TR","type":"education","lineage":["https://openalex.org/I201799495"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Cemal Berk O\u02dbuzsoy","raw_affiliation_strings":["Department of Industrial Engineering, Middle East Technical University, 06531, Ankara, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering, Middle East Technical University, 06531, Ankara, Turkey","institution_ids":["https://openalex.org/I201799495"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026032354","display_name":"Sibel G\u00fcven","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I201799495","display_name":"Middle East Technical University","ror":"https://ror.org/014weej12","country_code":"TR","type":"education","lineage":["https://openalex.org/I201799495"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Sibel G\u00fcven","raw_affiliation_strings":["Department of Industrial Engineering, Middle East Technical University, 06531, Ankara, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering, Middle East Technical University, 06531, Ankara, Turkey","institution_ids":["https://openalex.org/I201799495"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I201799495"],"apc_list":null,"apc_paid":null,"fwci":1.6014,"has_fulltext":false,"cited_by_count":40,"citation_normalized_percentile":{"value":0.88148778,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"35","issue":"8","first_page":"959","last_page":"971"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/day-of-the-week-effect","display_name":"day-of-the-week effect","score":0.9950000047683716},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.9729999899864197},{"id":"https://openalex.org/keywords/borsa-istanbul","display_name":"Borsa Istanbul","score":0.984000027179718},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.8199999928474426},{"id":"https://openalex.org/keywords/calendar-anomalies","display_name":"calendar anomalies","score":0.6019999980926514},{"id":"https://openalex.org/keywords/return-variance","display_name":"return variance","score":0.5789999961853027}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6688610315322876},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6165785193443298},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6151643991470337},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.5750269293785095},{"id":"https://openalex.org/C18246116","wikidata":"https://www.wikidata.org/wiki/Q42962347","display_name":"Names of the days of the week","level":2,"score":0.5556381940841675},{"id":"https://openalex.org/C2778098375","wikidata":"https://www.wikidata.org/wiki/Q19596433","display_name":"Composite index","level":3,"score":0.5311718583106995},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.45575326681137085},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.36160314083099365},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3574429154396057},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32700517773628235},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.2260291576385498},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12410885095596313},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.1199316680431366},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/0003684032000050586","doi":"https://doi.org/10.1080/0003684032000050586","is_oa":false,"landing_page_url":"https://doi.org/10.1080/0003684032000050586","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:applec:v:35:y:2003:i:8:p:959-971","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/0003684032000050586","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:https://open.metu.edu.tr:11511/63219","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/11511/63219","pdf_url":null,"source":{"id":"https://openalex.org/S4306402495","display_name":"OpenMETU (Middle East Technical University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I201799495","host_organization_name":"Middle East Technical University","host_organization_lineage":["https://openalex.org/I201799495"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:https://open.metu.edu.tr:11511/63219","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/11511/63219","pdf_url":null,"source":{"id":"https://openalex.org/S4306402495","display_name":"OpenMETU (Middle East Technical University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I201799495","host_organization_name":"Middle East Technical University","host_organization_lineage":["https://openalex.org/I201799495"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W152976488","https://openalex.org/W1967490906","https://openalex.org/W1979830520","https://openalex.org/W1985541794","https://openalex.org/W1993767228","https://openalex.org/W2006568420","https://openalex.org/W2043525080","https://openalex.org/W2044267123","https://openalex.org/W2055066075","https://openalex.org/W2078236117","https://openalex.org/W2087725763","https://openalex.org/W2090637028","https://openalex.org/W2138497618","https://openalex.org/W2140334718","https://openalex.org/W2141673418","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2112075593","https://openalex.org/W2274915576","https://openalex.org/W2037768102","https://openalex.org/W3207474129","https://openalex.org/W2168404169","https://openalex.org/W1513653097","https://openalex.org/W2416447673","https://openalex.org/W1114764","https://openalex.org/W1519986109","https://openalex.org/W2287511353"],"abstract_inverted_index":{"This":[0],"study":[1],"investigates":[2],"the":[3,6,13,19,62,99,136,139,174,177,183,186,189],"existence":[4],"of":[5,64,68,72,92,105,135,144,182],"day-of-the-week":[7],"effect":[8],"on":[9,126,149,156,166],"stock":[10,65],"returns":[11],"in":[12,29],"stanbul":[14],"Stock":[15],"Exchange":[16],"(ISE)":[17],"for":[18,37,59,94,133,169],"period":[20],"between":[21],"1988":[22],"and":[23,49,78,89,115],"1999.":[24],"ISE":[25,69,84,93,106],"that":[26,45,132],"was":[27],"established":[28],"1986":[30],"is":[31,98,129,148,154,180],"a":[32,42],"rapidly":[33],"growing":[34],"emerging":[35,52],"market":[36],"which":[38,95],"there":[39],"are":[40,54,101],"only":[41],"few":[43],"studies":[44],"have":[46],"been":[47],"conducted":[48],"reported.":[50],"Since":[51],"markets":[53],"becoming":[55],"good":[56],"diversification":[57],"alternatives":[58],"international":[60],"investors,":[61,76],"analysis":[63,104],"return":[66,121,147,153,161,179],"behaviour":[67],"will":[70],"be":[71],"interest":[73],"to":[74],"all":[75,170],"domestic":[77],"foreign.":[79],"With":[80],"this":[81],"purpose,":[82],"both":[83],"National":[85,107],"100":[86,108],"Composite":[87,109],"Index,":[88],"30":[90,140],"stocks":[91,137,143],"trade":[96],"volume":[97],"highest":[100,165],"analysed.":[102],"The":[103],"index":[110],"reveals":[111],"strikingly":[112],"low":[113],"Tuesday":[114],"dominantly":[116],"high":[117],"Friday":[118],"returns,":[119],"with":[120,160,176,188],"variances":[122,162],"at":[123,163],"their":[124,164],"lowest":[125],"Fridays.":[127],"It":[128],"also":[130],"observed":[131],"most":[134],"among":[138],"highly":[141],"traded":[142],"ISE,":[145],"maximum":[146,178],"Fridays":[150],"whereas":[151],"minimum":[152,190],"either":[155],"Mondays":[157],"or":[158],"Tuesdays":[159],"Mondays.":[167],"Moreover":[168],"individual":[171],"ISE-30":[172],"stocks,":[173],"day":[175,187],"one":[181],"days":[184],"after":[185],"return.":[191]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}