New Evidence of Anomalies from Muslim Emerging Stock : Markets Ramadan The Holy Month for Muslims Effects
| المصدر: | مجلة الكويت الاقتصادية |
|---|---|
| الناشر: | الجمعية الاقتصادية الكويتية |
| المؤلف الرئيسي: | Al Abd Aljader, Sulaiman T. (Author) |
| مؤلفين آخرين: | Abu Mustafa, Naser I. (Co-Author) |
| المجلد/العدد: | مج9, ع19 |
| محكمة: | نعم |
| الدولة: |
الكويت |
| التاريخ الميلادي: |
2005
|
| الصفحات: | 7 - 21 |
| رقم MD: | 661109 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
عدد مرات التحميل
4
| المستخلص: |
This study investigates anomalies in nine Muslim stock markets represented in the International Finance Corporation (IFC) and Standard and Poor's (S&P) emerging markets data bases. The primary objective is to investigate anomalies in Muslim emerging stock markets during "Ramadan" (the holy month for Muslims). Using statistical methodologies that would identify seasonal return differences. Empirical results verify that "Ramadan" effect presents in stock markets data daily return for the period January-4-1987 to August-18-2003. Also we find that all tested markets are inefficient during the tested period for the nine Muslim countries. JLE classification: G14; G15 |
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