Calendar Anomalies and the Islamic Stock Market Returns: Evidences on day of the week effect
نویسندگان
چکیده
The purpose of this study is to investigate the impacts calendar anomalies specifically on day week effect (DOW) 10 Islamic stock markets’ returns such as Dow Jones Market (DJIM), Saudi Arabia, Malaysia, United Arab Emirates (UAE), Kuwait, Qatar, Turkey, Indonesia, Bahrain, Pakistan—for 20 years from 25 September 2000 24 2020. methods using Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) and Exponential (EGARCH) a robustness test. findings revealed that had considerable for following markets: DJIM, Pakistan.
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ژورنال
عنوان ژورنال: Environment-behaviour proceedings journal
سال: 2022
ISSN: ['2398-4287']
DOI: https://doi.org/10.21834/ebpj.v7isi9.4242