calendar anomalies in BIST 100

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This research explores the presence of calendar anomalies within Türkiye's BIST 100 index, challenging the efficient market hypothesis (EMH). It examines various anomalies like the January and Day-of-the-Week effects through data spanning 2015-2025. Utilizing regression and error models, the study highlights the impact of behavioral finance on emerging markets. Despite mixed evidence of anomalies, findings suggest alignment with weak-form EMH in BIST 100, emphasizing the influence of...