Article Per Year (5 Year)
p-Index From 2019 - 2024
3.37
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan Journal of Economics, Business, & Accountancy Ventura UNEJ e-Proceeding JST ( Jurnal Sains Terapan ) Jurnal Dinamika Ekonomi dan Bisnis Journal of Economic, Bussines and Accounting (COSTING) Jesya (Jurnal Ekonomi dan Ekonomi Syariah) JSHP (Jurnal Sosial Humaniora dan Pendidikan) Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi Jurnal Abdi Masyarakat Ilmu Ekonomi [J.A.M.I.E.] Jurnal Komunikasi Profesional Jurnal GeoEkonomi Management Studies and Entrepreneurship Journal (MSEJ) Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Community Development Journal: Jurnal Pengabdian Masyarakat Jurnal Darma Agung BUDGETING : Journal of Business, Management and Accounting Jurnal Kewarganegaraan Gemilang: Jurnal Manajemen dan Akuntansi Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Rihfenti Ernayani
Universitas Balikpapan
Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Mathematics Public Health Social Sciences Other

Published : 33 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Keuangan dan Perbankan

 1 
Examining the day-of-the-week-effect and the-month-of-the-year-effect in cryptocurrency market Robiyanto Robiyanto; Yosua Arif Susanto; Rihfenti Ernayani
Jurnal Keuangan dan Perbankan Vol 23, No 3 (2019): July 2019
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v23i3.3005

Abstract

Cryptocurrency market is an attractive field for researchers in finance nowadays. One topic that can be studied is related to the existence of anomalies in the cryptocurrency market. This research was conducted to examine whether the cryptocurrency market, especially on Bitcoin and Litecoin, has day-of-the-week and month-of-the-year effects. The Bitcoin and Litecoin were used as objects because they were a cryptocurrency with a large market capitalization. The data used were monthly cryptocurrency returns for examining the month-of-the-year-effect and daily returns for examining the day-of-the-week-effect from 2014-2018. GARCH (1,1) analysis was done to see these effects on the cryptocurrency market. The results indicate that the phenomena of day-of-the-week and month-of-the-year effect existed in the cryptocurrency market. Therefore, the cryptocurrency market was not an efficient market. The pattern in the Bitcoin and Litecoin could later be utilized by investors. The investors should buy Bitcoin at the end of January and they should sell them at the end of February. While, for the investors who traded daily, can trade Bitcoin in Monday, Wednesday and Thursday because in these days, the Bitcoin have the potential to generate daily profits.JEL Classification: G14, G19DOI: https://doi.org/10.26905/jkdp.v23i3.3005
Co-Authors Aa Hubur Abdiannur Abdiannur Akhmad Baidun Amiruddin Hamzah Andi Hidayatul Fadlilah Arifin, Sa'ad Nico Asep Saepudin Bustomi, Thomas Butet Wulan Trifina C Prihandoyo Cakranegara, Pandu Adi Citra Arta, Deddy Novie Cut Susan Octiva Didik Hadiyatno Dyah Mieta Setyawati Efendi Sugianto Eni Rakhmawati Fachrurazi Ferdy Leuhery Festus Evly R.I. Liow Fitriani Gerdha Erlinda Sari Lapoliwa GS , Achmad Daengs I Nyoman Tri Sutagana Ilham Arief Irdawati Irwan Moridu Irwan Moridu Iwan Henri Kusnadi Klemens Mere lestari, winda Lucky Radi Rinandiyana Lucy Indah Jayanti Muhammad Imam Asnawi Nadi Hernadi Moorcy Natalia Reyne Lumentah Nina Indriastuty Nuah P. Tarigan, Nuah P. Nur Widyawati Nurlia Nurlia Palupiningtyas, Dyah Pandji Santosa Rachmad Hidayat Rahul Chauhan Rianti Setyawasih Robiyanto Robiyanto Robiyanto Rustandi Rustandi Sa'ad Nico Arifin Salomi Jacomina Hehanussa Sarni Handayani Puspita Sari Shylvia Andriani Sudirman Sudirman Sudjinan Sudjinan Sukimin Sukimin Suratman Suratman Syahriah Madjid Tamzil Yusuf Tati Sarihati Theresia Wahyuni Timotius, Elkana Upik Djaniar winda lestari Windy Johan Wiwik Saraswati Yosua Arif Susanto Zaroni, Akhmad Nur