January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil

Past studies in the United States, Canada and Australia indicated the existence of seasonality effect, i.e. “January effect” due to taxes imposed on the capital gains in these countries. This paper attempted to find out whether or not this conclusion is also true in the case of Malaysia where there...

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Main Author: Fadzil, Muhamad Faiz Irwan
Format: Thesis
Language:English
Published: 2013
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Online Access:http://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf
http://ir.uitm.edu.my/id/eprint/33671/
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spelling my.uitm.ir.336712020-08-18T05:42:06Z http://ir.uitm.edu.my/id/eprint/33671/ January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil Fadzil, Muhamad Faiz Irwan Profits. Corporate profits Stock exchanges. Insider trading in securities Malaysia Past studies in the United States, Canada and Australia indicated the existence of seasonality effect, i.e. “January effect” due to taxes imposed on the capital gains in these countries. This paper attempted to find out whether or not this conclusion is also true in the case of Malaysia where there is no tax imposed on the capital gains. Initial observations showed that there is January effect in the year 2007. The mean daily return of January in year 2007 recorded the highest mean score compared to other months studied. Higher mean daily standard deviation in the month of January than other months somewhat reinforce the existence of January effects in the Malaysian market in the year 2007. However, the F-statistic indicated that the overall differences among these months were not statistically significant, which means there is no January effect or even seasonality effect in Malaysia 2013-12 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf Fadzil, Muhamad Faiz Irwan (2013) January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil. Degree thesis, Universiti Teknologi MARA, Kelantan.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Profits. Corporate profits
Stock exchanges. Insider trading in securities
Malaysia
spellingShingle Profits. Corporate profits
Stock exchanges. Insider trading in securities
Malaysia
Fadzil, Muhamad Faiz Irwan
January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
description Past studies in the United States, Canada and Australia indicated the existence of seasonality effect, i.e. “January effect” due to taxes imposed on the capital gains in these countries. This paper attempted to find out whether or not this conclusion is also true in the case of Malaysia where there is no tax imposed on the capital gains. Initial observations showed that there is January effect in the year 2007. The mean daily return of January in year 2007 recorded the highest mean score compared to other months studied. Higher mean daily standard deviation in the month of January than other months somewhat reinforce the existence of January effects in the Malaysian market in the year 2007. However, the F-statistic indicated that the overall differences among these months were not statistically significant, which means there is no January effect or even seasonality effect in Malaysia
format Thesis
author Fadzil, Muhamad Faiz Irwan
author_facet Fadzil, Muhamad Faiz Irwan
author_sort Fadzil, Muhamad Faiz Irwan
title January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
title_short January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
title_full January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
title_fullStr January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
title_full_unstemmed January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil
title_sort january effect: the existence in malaysia stock market / muhamad faiz irwan fadzil
publishDate 2013
url http://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf
http://ir.uitm.edu.my/id/eprint/33671/
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score 13.209306