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Abstract
In modern society, the stock market plays an essential role among different investment tools. It matches capital supply and demand so that the idle capital existing in the community is employed effectively. That is, the capital supplier can get the dividend and capital gain, and capital demander can grow production and daily business operation activity. Most domestic scholars focused on investigating the influence of seasonal effects on the stock market. This study researches the month-of-the-year impact on the stock market. Regression analysis is used to determine if there is a month-of-the-year significance for 28 major industry stocks in Taiwan between 2008 to 2016.
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UK: 0207 139 1600