Overreaction of syariah stocks: does size matter?
The purpose of the study is to investigate stock overreaction behavior among syariah stocks in Bursa Malaysia using basic framework of De Bondt and Thaler (1985). Like its conventional counterpart, evidence of stock overreaction behavior is also observed in syariah compliant stocks in Malaysia. The...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/30853/ http://psasir.upm.edu.my/id/eprint/30853/1/overaction%20of%20syariah%20stocks.pdf |
| _version_ | 1848846796136120320 |
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| author | Ali, Norli Abd. Talib, Norli Md Nasir, Annuar Zainal Abidin, Sazali |
| author_facet | Ali, Norli Abd. Talib, Norli Md Nasir, Annuar Zainal Abidin, Sazali |
| author_sort | Ali, Norli |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The purpose of the study is to investigate stock overreaction behavior among syariah stocks in Bursa Malaysia using basic framework of De Bondt and Thaler (1985). Like its conventional counterpart, evidence of stock overreaction behavior is also observed in syariah compliant stocks in Malaysia. The study documents that both winner and loser portfolios experience reversal behavior even after adjustment for size, thus implies that size does not matter. Furthermore, after adjustment for size, loser portfolios outperform winner portfolios in the test period. This indicates that syariah compliant stocks in Malaysia
also provide opportunity of earning abnormal profit by resorting to contrarian strategy. |
| first_indexed | 2025-11-15T09:08:24Z |
| format | Article |
| id | upm-30853 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:08:24Z |
| publishDate | 2013 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-308532015-07-03T08:05:12Z http://psasir.upm.edu.my/id/eprint/30853/ Overreaction of syariah stocks: does size matter? Ali, Norli Abd. Talib, Norli Md Nasir, Annuar Zainal Abidin, Sazali The purpose of the study is to investigate stock overreaction behavior among syariah stocks in Bursa Malaysia using basic framework of De Bondt and Thaler (1985). Like its conventional counterpart, evidence of stock overreaction behavior is also observed in syariah compliant stocks in Malaysia. The study documents that both winner and loser portfolios experience reversal behavior even after adjustment for size, thus implies that size does not matter. Furthermore, after adjustment for size, loser portfolios outperform winner portfolios in the test period. This indicates that syariah compliant stocks in Malaysia also provide opportunity of earning abnormal profit by resorting to contrarian strategy. Faculty of Economics and Management, Universiti Putra Malaysia 2013-06 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/30853/1/overaction%20of%20syariah%20stocks.pdf Ali, Norli and Abd. Talib, Norli and Md Nasir, Annuar and Zainal Abidin, Sazali (2013) Overreaction of syariah stocks: does size matter? International Journal of Economics and Management, 7 (1). pp. 123-135. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol7_no1.htm |
| spellingShingle | Ali, Norli Abd. Talib, Norli Md Nasir, Annuar Zainal Abidin, Sazali Overreaction of syariah stocks: does size matter? |
| title | Overreaction of syariah stocks: does size matter? |
| title_full | Overreaction of syariah stocks: does size matter? |
| title_fullStr | Overreaction of syariah stocks: does size matter? |
| title_full_unstemmed | Overreaction of syariah stocks: does size matter? |
| title_short | Overreaction of syariah stocks: does size matter? |
| title_sort | overreaction of syariah stocks: does size matter? |
| url | http://psasir.upm.edu.my/id/eprint/30853/ http://psasir.upm.edu.my/id/eprint/30853/ http://psasir.upm.edu.my/id/eprint/30853/1/overaction%20of%20syariah%20stocks.pdf |