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 paper investigates the link between corporate governance and cash holdings. We use a data set of firms listed on Pakistan Stock Exchange (PSX) and econometric techniques for panel data We show that institutional, family, and managerial ownership have negative impact on corporate cash...