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...
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/33671/ |
| _version_ | 1848808344358223872 |
|---|---|
| author | Fadzil, Muhamad Faiz Irwan |
| author_facet | Fadzil, Muhamad Faiz Irwan |
| author_sort | Fadzil, Muhamad Faiz Irwan |
| building | UiTM Institutional Repository |
| collection | Online Access |
| 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 |
| first_indexed | 2025-11-14T22:57:13Z |
| format | Thesis |
| id | uitm-33671 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:57:13Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-336712020-08-18T05:42:06Z https://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 https://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. (2013) Degree thesis, thesis, Universiti Teknologi MARA, Kelantan. <http://terminalib.uitm.edu.my/33671.pdf> |
| 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 |
| title | 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_short | 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 |
| topic | Profits. Corporate profits Stock exchanges. Insider trading in securities Malaysia |
| url | https://ir.uitm.edu.my/id/eprint/33671/ |