{"id":"https://openalex.org/W757275338","doi":"https://doi.org/10.1080/10293523.2013.11082554","title":"The pre-holiday effect and positive emotion in the Taiwan Stock Market, 1971\u20132011","display_name":"The pre-holiday effect and positive emotion in the Taiwan Stock Market, 1971\u20132011","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W757275338","doi":"https://doi.org/10.1080/10293523.2013.11082554","mag":"757275338"},"language":"en","primary_location":{"id":"doi:10.1080/10293523.2013.11082554","doi":"https://doi.org/10.1080/10293523.2013.11082554","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10293523.2013.11082554","pdf_url":null,"source":{"id":"https://openalex.org/S2764792399","display_name":"Investment Analysts Journal","issn_l":"1029-3523","issn":["1029-3523","2077-0227"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","dhet","jufo-1","poland-70","russia-white-list-3","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":"Investment Analysts Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"C-C Teng","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I151221077","display_name":"Chung Yuan Christian University","ror":"https://ror.org/02w8ws377","country_code":"TW","type":"education","lineage":["https://openalex.org/I151221077"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"C-C Teng","raw_affiliation_strings":["Chung Yuan Christian University TAIWAN"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Chung Yuan Christian University TAIWAN","institution_ids":["https://openalex.org/I151221077"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5014607023","display_name":"VW Liu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I142974352","display_name":"National Sun Yat-sen University","ror":"https://ror.org/00mjawt10","country_code":"TW","type":"education","lineage":["https://openalex.org/I142974352"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"VW Liu","raw_affiliation_strings":["National Sun Yat-sen University, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Sun Yat-sen University, Taiwan","institution_ids":["https://openalex.org/I142974352"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5014607023"],"corresponding_institution_ids":["https://openalex.org/I142974352","https://openalex.org/I151221077"],"apc_list":null,"apc_paid":null,"fwci":2.3324,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.89771811,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"42","issue":"77","first_page":"35","last_page":"43"},"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/positive-emotions","display_name":"positive emotions","score":0.8349999785423279},{"id":"https://openalex.org/keywords/calendar-anomalies","display_name":"calendar anomalies","score":0.7879999876022339},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7519999742507935},{"id":"https://openalex.org/keywords/investor-emotions","display_name":"investor emotions","score":0.6179999709129333},{"id":"https://openalex.org/keywords/taiwan-stock-market","display_name":"Taiwan stock market","score":0.7239999771118164},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.6669999957084656}],"concepts":[{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6064460873603821},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5275318622589111},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5236667990684509},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.4496970772743225},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.4356330335140228},{"id":"https://openalex.org/C2777601474","wikidata":"https://www.wikidata.org/wiki/Q4668178","display_name":"Abnormal return","level":3,"score":0.42442503571510315},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.41041794419288635},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4030839800834656},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.349232941865921},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3326772451400757},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.1602676808834076},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.14978697896003723},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14441728591918945},{"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/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/10293523.2013.11082554","doi":"https://doi.org/10.1080/10293523.2013.11082554","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10293523.2013.11082554","pdf_url":null,"source":{"id":"https://openalex.org/S2764792399","display_name":"Investment Analysts Journal","issn_l":"1029-3523","issn":["1029-3523","2077-0227"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","dhet","jufo-1","poland-70","russia-white-list-3","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":"Investment Analysts Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W595301350","https://openalex.org/W1528434227","https://openalex.org/W1721865084","https://openalex.org/W1945714126","https://openalex.org/W1974084267","https://openalex.org/W2001448160","https://openalex.org/W2002333986","https://openalex.org/W2006568420","https://openalex.org/W2020540808","https://openalex.org/W2024254877","https://openalex.org/W2031970636","https://openalex.org/W2052758069","https://openalex.org/W2078236117","https://openalex.org/W2090118566","https://openalex.org/W2101182802","https://openalex.org/W2114600177","https://openalex.org/W2127197478","https://openalex.org/W2143690586","https://openalex.org/W2173072189","https://openalex.org/W2605392816","https://openalex.org/W3022671937","https://openalex.org/W3121467893","https://openalex.org/W3122431760","https://openalex.org/W3124655772","https://openalex.org/W3124986135","https://openalex.org/W3125688476","https://openalex.org/W4220804448","https://openalex.org/W4234934322","https://openalex.org/W4237577490","https://openalex.org/W4247228951","https://openalex.org/W4285719527","https://openalex.org/W4299581652","https://openalex.org/W4302616236","https://openalex.org/W4403998421"],"related_works":["https://openalex.org/W7065524493","https://openalex.org/W7112479520","https://openalex.org/W2007283734","https://openalex.org/W2005085978","https://openalex.org/W3125254490","https://openalex.org/W4417072456","https://openalex.org/W2193304577","https://openalex.org/W7095898284","https://openalex.org/W2056725212","https://openalex.org/W2076538140"],"abstract_inverted_index":{"This":[0],"study":[1],"presents":[2],"a":[3,44],"behavioural":[4],"explanation":[5],"of":[6],"the":[7,11,20,35,40,58,75,95,99],"pre-holiday":[8,22,41,76,100],"effect.":[9],"For":[10],"period":[12],"1971":[13],"to":[14,66,80],"2011,":[15],"we":[16],"first":[17],"find":[18],"that":[19,46,49,89],"mean":[21,36],"return":[23,45,60],"in":[24,52],"Taiwan's":[25],"major":[26],"stock":[27],"market":[28],"index":[29],"is":[30,63,78],"statistically":[31],"significantly":[32],"higher":[33],"than":[34],"non-pre-holiday":[37],"return.":[38],"Second,":[39],"event":[42],"offers":[43],"differs":[47],"from":[48],"on":[50,61],"non-pre-holidays":[51],"an":[53],"economically":[54],"significant":[55],"manner.":[56],"Third,":[57],"high":[59],"pre-holidays":[62],"not":[64],"attributable":[65],"risk,":[67],"other":[68],"calendar":[69],"anomalies,":[70],"nor":[71],"macroeconomic":[72],"factors.":[73],"Finally,":[74],"effect":[77,101],"related":[79],"proxies":[81],"for":[82],"positive":[83,96],"emotion":[84,97],"among":[85],"investors.":[86],"We":[87],"conclude":[88],"these":[90],"findings":[91],"are":[92],"consistent":[93],"with":[94],"and":[98],"hypothesis.":[102]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2}],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2016-06-24T00:00:00"}
