{"id":"https://openalex.org/W2168567680","doi":"https://doi.org/10.1080/758538601","title":"Daily seasonalities and stock market reforms in Spain","display_name":"Daily seasonalities and stock market reforms in Spain","publication_year":1995,"publication_date":"1995-12-01","ids":{"openalex":"https://openalex.org/W2168567680","doi":"https://doi.org/10.1080/758538601","mag":"2168567680"},"language":"en","primary_location":{"id":"doi:10.1080/758538601","doi":"https://doi.org/10.1080/758538601","is_oa":false,"landing_page_url":"https://doi.org/10.1080/758538601","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10016/7123","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044874326","display_name":"Juan Ignacio Pe\u00f1a","orcid":"https://orcid.org/0000-0003-2435-3583","observed_orcids":["https://orcid.org/0000-0003-2435-3583"]},"institutions":[{"id":"https://openalex.org/I50357001","display_name":"Universidad Carlos III de Madrid","ror":"https://ror.org/03ths8210","country_code":"ES","type":"education","lineage":["https://openalex.org/I50357001"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"J. Ignacio Pe\u00d1a","raw_affiliation_strings":["Departamento de Econom\u00eda de la Empresa, Universidad Carlos III de Madrid, C/Madrid 126-128, Getafe, Madrid, 28903, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Departamento de Econom\u00eda de la Empresa, Universidad Carlos III de Madrid, C/Madrid 126-128, Getafe, Madrid, 28903, Spain","institution_ids":["https://openalex.org/I50357001"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5044874326"],"corresponding_institution_ids":["https://openalex.org/I50357001"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.36685195,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"5","issue":"6","first_page":"419","last_page":"423"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"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":1.0,"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":0.0,"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"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/daily-seasonality","display_name":"daily seasonality","score":0.75},{"id":"https://openalex.org/keywords/monday-effect","display_name":"Monday effect","score":0.9259999990463257},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.7799999713897705},{"id":"https://openalex.org/keywords/stock-market-reform","display_name":"stock market reform","score":0.4480000138282776},{"id":"https://openalex.org/keywords/spanish-stock-market","display_name":"Spanish stock market","score":0.6259999871253967}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7623941898345947},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6375733017921448},{"id":"https://openalex.org/C134697681","wikidata":"https://www.wikidata.org/wiki/Q1609677","display_name":"Clearing","level":2,"score":0.6218463778495789},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5450839996337891},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5323344469070435},{"id":"https://openalex.org/C2991665230","wikidata":"https://www.wikidata.org/wiki/Q2651003","display_name":"Excess return","level":3,"score":0.5147095322608948},{"id":"https://openalex.org/C2985330422","wikidata":"https://www.wikidata.org/wiki/Q724931","display_name":"Market efficiency","level":2,"score":0.4283863604068756},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.42413246631622314},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.415336936712265},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0865451991558075},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.08546844124794006},{"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/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1080/758538601","doi":"https://doi.org/10.1080/758538601","is_oa":false,"landing_page_url":"https://doi.org/10.1080/758538601","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},{"id":"pmh:oai:e-archivo.uc3m.es:10016/7123","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10016/7123","pdf_url":null,"source":{"id":"https://openalex.org/S4306400817","display_name":"e-Archivo (Carlos III University of Madrid)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I50357001","host_organization_name":"Universidad Carlos III de Madrid","host_organization_lineage":["https://openalex.org/I50357001"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"research article"},{"id":"pmh:oai:RePEc:ner:carlos:info:hdl:10016/7123","doi":null,"is_oa":false,"landing_page_url":"http://e-archivo.uc3m.es/bitstream/10016/7123/1/daily_pena_AFE_1995_ps.pdf","pdf_url":"http://e-archivo.uc3m.es/bitstream/10016/7123/1/daily_pena_AFE_1995_ps.pdf","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":"","raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.1001.1224","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1001.1224","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://e-archivo.uc3m.es/bitstream/handle/10016/7123/daily_pena_AFE_1995_ps.pdf%3Bjsessionid%3D9A0179ED14A2E7EF4CC5058B830F649D?sequence%3D1","raw_type":"text"},{"id":"pmh:oai:dnet:earchivo____::1f00bba0b429e23c4f0804d8457abbee","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10016/7123","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"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":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:e-archivo.uc3m.es:10016/7123","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10016/7123","pdf_url":null,"source":{"id":"https://openalex.org/S4306400817","display_name":"e-Archivo (Carlos III University of Madrid)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I50357001","host_organization_name":"Universidad Carlos III de Madrid","host_organization_lineage":["https://openalex.org/I50357001"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"research article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W57743362","https://openalex.org/W659374475","https://openalex.org/W1511595559","https://openalex.org/W1538163294","https://openalex.org/W2006568420","https://openalex.org/W2028908934","https://openalex.org/W2043525080","https://openalex.org/W2044267123","https://openalex.org/W2055621312","https://openalex.org/W2069761834","https://openalex.org/W2078236117","https://openalex.org/W2094652103","https://openalex.org/W2108818539","https://openalex.org/W2130340987","https://openalex.org/W2132138608","https://openalex.org/W2139113919"],"related_works":["https://openalex.org/W6999648025","https://openalex.org/W7043614427","https://openalex.org/W1588404925","https://openalex.org/W1511595559","https://openalex.org/W1481409232","https://openalex.org/W2101455925","https://openalex.org/W1533654746","https://openalex.org/W2003125878","https://openalex.org/W2171191425","https://openalex.org/W2055621312"],"abstract_inverted_index":{"The":[0],"effects":[1,45],"of":[2,11],"Spanish":[3],"Stock":[4],"Exchange":[5],"Reform":[6,42],"on":[7],"the":[8,19,41,51],"seasonal":[9,44],"patterns":[10],"daily":[12,43],"stock":[13],"excess":[14,25],"returns":[15,26],"are":[16,27,31],"addressed.":[17],"Before":[18],"Reform,":[20],"positive":[21],"abnormal":[22],"average":[23],"Monday":[24],"found.":[28],"Possible":[29],"causes":[30],"discussed":[32],"and":[33,37],"related":[34],"with":[35],"clearing":[36],"trading":[38],"mechanisms.":[39],"After":[40],"disappear,":[46],"suggesting":[47],"an":[48],"increase":[49],"in":[50],"market's":[52],"operational":[53],"efficiency":[54]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}