Analysis of the Effect of Islamic Holidays on Stock Returns in the Indonesian Capital Market
نویسندگان
چکیده
This study aims to examine the effect of Islamic religious holidays on stock returns in Indonesian Capital Market. Indonesia consist Eid al-Fitr, al-Adha, Isra Miraj, Maulid Nabi Muhammad SAW and Hijri New Year. The used a different test, with non-parametric Wilcoxon signed rank test because data were not normally distributed. research uses Composite Stock Price Index (CSPI) for period 2006 2021. results show that have no capital market. For further research, it is recommended also impact trading volume prices, whether really Market.
 
 Keywords: Analysis, Effect, Holidays Islam, Return, Market
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ژورنال
عنوان ژورنال: JIM UPB: Jurnal Ilmiah Manajemen Universitas Putera Batam
سال: 2023
ISSN: ['2337-3350', '2549-9491']
DOI: https://doi.org/10.33884/jimupb.v11i2.7276