This study investigated the impact of Muslim Holy Days on daily stock returns of Asian financial markets for a period of 2001–2014. These markets include Pakistan, Bahrain, Saudi Arabia, and Turkey. The study has tried to isolate the effect of Gregorian calendar anomalies from Muslim Holy Days...

This study aims to critically analyze debt-incentivized corporate tax and financing policy and argues that the century old debt-equity distinction is responsible of global financial crisis (GFC) and financial instability. This study follows a systematic approach to solve the issue of...