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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...
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This note explores machine learning based modelling approach over classical quantitative methods with a focus on modelling realized volatility of asset price over time. Initially, a few modelling assumptions of classical quantitative finance are examined using recent market data. Daily stock...
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This study examines whether religiosity at the county level is associated with future stock price crash risk. We find … robust evidence that firms headquartered in counties with higher levels of religiosity exhibit lower levels of future stock … price crash risk. This finding is consistent with the view that religion, as a set of social norms, helps to curb bad news …
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This study examines whether religiosity at the county level is associated with future stock price crash risk. We find … robust evidence that firms headquartered in counties with higher levels of religiosity exhibit lower levels of future stock … price crash risk. This finding is consistent with the view that religion, as a set of social norms, helps to curb bad news …
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