The Weekend Effect: Trading Patterns of Individual and Institutional Investors
发现个人投资者在周一交易活动相对增加，且卖出交易多于买入交易，这或许能部分解释周末效应。
In this paper, we document regularities in trading patterns of individual and institutional investors related to the day of the week. We find a relative increase in trading activity by individuals on Mondays. In addition, there is a tendency for individuals to increase the number of sell transactions relative to buy transactions, which might explain at least part of the weekend effect.