Month of the year and pre-holiday effects in indonesia and malaysia shari’ah compliance / Helma Malini, Mohamad Jais
Helma Malini;
Mohamad Jais
(Tanjungpura University, Faculty of Economy, 2014)
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| This paper investigates the existence of two anomalies in Indonesia and Malaysia Shari’ah compliance;the month of the year and pre-holiday effect, and their implication for stock market efficiency.Investing in Shari’ah compliant is different from investing in conventional stock. Conventional stockmarket follows the capital market set of rules and law, while Shari’ah follows not only the capitalmarket set of laws but also the Islamic principles. Most of the previous studies investigated issuesrelated to conventional stock market, this study take one step further by investigating issue relatedto Shari’ah compliant instrument and make comparison between both Shari’ah compliance stockmarket in Indonesia and Malaysia. We document high and significant returns in month and predayin Indonesia and Malaysia stock market that represent by the Shari’ah compliance. Our resultindicate that the month of the year effect is prevalent in Indonesia and Malaysia Shari’ah compliance. |
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| Penerbitan : | [Place of publication not identified]: Tanjungpura University, Faculty of Economy, 2014 |
| Sumber Pengatalogan : | LibUI eng rda |
| ISSN : | 23563818 |
| Majalah/Jurnal : | Indonesian Capital Market Review |
| Volume : | Vol 6 No 1 January 2014 38-47 |
| Tipe Konten : | text |
| Tipe Media : | computer |
| Tipe Carrier : | online resource |
| Akses Elektronik : | http://journal.ui.ac.id/index.php/icmr/article/view/2985 |
| Institusi Pemilik : | Universitas Indonesia |
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