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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 paper studies the sociological influence of religion on the risk and return in the financial markets with …
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Prior research shows that religion promotes honesty. Honesty in turn motivates managers to view an expropriation from …
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