<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422022000300005</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2022.2920</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Are there &#8220;day-of-the-week&#8221; and &#8220;holiday&#8221; anomalies in the mexican stock market?]]></article-title>
<article-title xml:lang="es"><![CDATA[¿Hay anomalías &#8220;día de la semana&#8221; y &#8220;día festivo&#8221; en el mercado accionario mexicano]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Villarreal Samaniego]]></surname>
<given-names><![CDATA[Jesús Dacio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Santillán Salgado]]></surname>
<given-names><![CDATA[Roberto Joaquín]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Lagunes Pérez]]></surname>
<given-names><![CDATA[Mario Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico de Parral  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Popular Autónoma del Estado de Puebla  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2022</year>
</pub-date>
<volume>67</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422022000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422022000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422022000300005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This research examines the presence of the Day-of-the-Week (DOW) and Holiday Effect (HE) anomalies on the Mexican Stock Exchange&#8217;s (MSE) Índice de Precios y Cotizaciones -Price and Quotation Index- (IPC), as well as on the Large, Medium and Small Capitalization subindices of the same market. The empirical estimation was performed with GARCH family models. We found that the DOW effect was consistently present in both the returns and volatility of the IPC and the three subindices. The Holiday Effect was also present in the volatility of the four series; however, this effect was only detected for the Medium Capitalization subindex&#8217;s returns series.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Esta investigación examina la presencia de las anomalías Día de la Semana (DOW) y Efecto Día Festivo (HE) en el Índice de Precios y Cotizaciones (IPC) de la Bolsa Mexicana de Valores, así como en los subíndices de Capitalización Grande, Mediana y Pequeña del mismo mercado. La estimación empírica fue realizada con modelos de la familia GARCH. Encontramos que el efecto DOW estuvo presente consistentemente en los rendimientos y la volatilidad del IPC y en los tres subíndices. El Efecto Día Festivo también estuvo presente en la volatilidad de las cuatro series; sin embargo, este efecto fue detectado solamente en la serie de rendimientos del subíndice de Mediana Capitalización.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[day-of-the-week effect]]></kwd>
<kwd lng="en"><![CDATA[holiday effect]]></kwd>
<kwd lng="en"><![CDATA[calendar anomalies]]></kwd>
<kwd lng="en"><![CDATA[market efficiency]]></kwd>
<kwd lng="en"><![CDATA[GARCH model]]></kwd>
<kwd lng="es"><![CDATA[efecto día de la semana]]></kwd>
<kwd lng="es"><![CDATA[efecto día festivo]]></kwd>
<kwd lng="es"><![CDATA[anomalías de calendario]]></kwd>
<kwd lng="es"><![CDATA[eficiencia del mercado]]></kwd>
<kwd lng="es"><![CDATA[modelo GARCH]]></kwd>
</kwd-group>
</article-meta>
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