The The Existence and Development of the Holiday Effect on the Nepalese Stock Market

This paper examines the holiday effect on Nepalese stock market over an 11-year period. A regression-based approach has been used to ascertain presence of in market. The data also divided into 2 subgroups 5 years and 6 study how changed time. pre-holiday could not be identified, but this revealed a negative post-holiday with increasing intensity dependent consecutive holidays during full sample Upon examining two timeframes, it discovered that strong existed prior periods, which since diminished, subsequent time periods observed. is indicative changing perception behavior investors