Errors in Recorded Security Prices and the Turn-of-the-Year Effect

Thomson, James B.

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Working Paper

Errors in Recorded Security Prices and the Turn-of-the-Year Effect

James B. Thomson

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A study that concludes recorded security price errors are potential sources of misspecification in joint tests of the capital asset pricing model and market efficiency.

12.01.1986WP 86-11

Suggested Citation

Thomson, James B. 1986. “Errors in Recorded Security Prices and the Turn-of-the-Year Effect.” Federal Reserve Bank of Cleveland, Working Paper No. 86-11.

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