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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...
Persistent link: https://www.econbiz.de/10011877678
Stock prices are generally governed by rational inputs and irrationality in the market can cause only daily, weekly and short run fluctuations. While irrationality takes prices away from its intrinsic value, rationality brings it back. Contrarian investment strategy is followed under the...
Persistent link: https://www.econbiz.de/10012925205
An investor in the stock market would be interested in analysing the stock price movements. Prices in the stock market fluctuate due to continuous buying and selling in the market. There are basically two approaches used in analysing the share price movements. They are fundamental approach and...
Persistent link: https://www.econbiz.de/10012925231
Efficient Market Hypothesis is an investment theory which states that it is impossible to ‘beat the market' because market efficiency causes exiting share prices to always incorporate and reflect all relevant information. Stocks are always traded at their fair value on stock exchanges and so...
Persistent link: https://www.econbiz.de/10012925258
The Size effect is one of the prominent anomalies which have been observed in the stock markets around the world. The present study attempts to find out if the portfolio of small stocks yields higher returns vis-a-vis the portfolio of large stocks and whether the size effect is present in the...
Persistent link: https://www.econbiz.de/10013033614
There has been growing literature on trading volume and overconfidence bias in the stock market. The common phenomenon … overconfidence bias. This paper attempts to examine whether overconfidence bias exists in the Indian stock market. For this, we … return. We also test the presence of overconfidence bias for the pre and post-crisis periods. Our result confirms the …
Persistent link: https://www.econbiz.de/10012833441
Market Efficiency has been the objective of many researches across the globe since the last few decades. While some studies conclude that the stock markets are efficient, others cast doubt on this conclusion. In an efficient capital market stock prices incorporate all relevant information when...
Persistent link: https://www.econbiz.de/10013228791
Abstract: The Indian Stock market has witnessed a major transformation and structural change from the 10 to 15 years as a result of the ongoing economic and financial sec tor reforms initiated by the government of India since 1991.Among these measures, lifting of barriers and opening up the...
Persistent link: https://www.econbiz.de/10013228792
The Indian Stock market has witnessed a major transformation and structural change from the 10 to 15 years as a result of the ongoing economic and financial sector reforms initiated by the government of India since 1991.Among these measures, lifting of barriers and opening up the doors for...
Persistent link: https://www.econbiz.de/10013228798
Stock split is a corporate strategy to increase the liquidity of shares by dividing the shares into multiple shares. As per efficient market hypothesis ( EMH) introduced by Eugene. F. Fama says that the capital market is efficient enough to fully reflect or absorb all available information in...
Persistent link: https://www.econbiz.de/10013214426