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Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse

Yıl 2017, Cilt: 7 Sayı: 2, 426 - 436, 01.06.2017

Iqbal Thonse Hawaldar Shakila B. Prakash Pinto

Öz

In financial literature we find numerous studies examining the presence of diverse types of calendar anomalies in different stock exchanges of the world. The current paper aims to investigate the month of the year effect in randomly selected ten companies from banking sector and service sector traded on the Bahrain Bourse for a period of five years commencing from 1st January 2010 to 31st December 2014. The empirical research was conducted using descriptive statistics and Kruskal-Wallis H Test. The findings of the study revealed that none of the companies selected for the study exhibited significant monthly returns for the study period except Bahrain Maritime & Mercantile International (BMMI). The paper suggests that the absence of said calendar anomaly may be due to thin trading practiced in the Bahrain Stock Exchange.

Anahtar Kelimeler

Calendar Anomalies Month of the Year Effect Bahrain Stock Exchange Descriptive Statistics and Kruskal-Wallis H Test Thin Trading

Yıl 2017, Cilt: 7 Sayı: 2, 426 - 436, 01.06.2017

Iqbal Thonse Hawaldar Shakila B. Prakash Pinto

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA25NF57CG
Bölüm Araştırma Makalesi
Yazarlar

Iqbal Thonse Hawaldar Bu kişi benim

Shakila B. Bu kişi benim

Prakash Pinto Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2017
Yayımlandığı Sayı Yıl 2017 Cilt: 7 Sayı: 2

Kaynak Göster

APA Hawaldar, I. T., B., S., & Pinto, P. (2017). Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse. International Journal of Economics and Financial Issues, 7(2), 426-436.
AMA Hawaldar IT, B. S, Pinto P. Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse. IJEFI. Haziran 2017;7(2):426-436.
Chicago Hawaldar, Iqbal Thonse, Shakila B., ve Prakash Pinto. “Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse”. International Journal of Economics and Financial Issues 7, sy. 2 (Haziran 2017): 426-36.
EndNote Hawaldar IT, B. S, Pinto P (01 Haziran 2017) Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse. International Journal of Economics and Financial Issues 7 2 426–436.
IEEE I. T. Hawaldar, S. B., ve P. Pinto, “Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse”, IJEFI, c. 7, sy. 2, ss. 426–436, 2017.
ISNAD Hawaldar, Iqbal Thonse vd. “Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse”. International Journal of Economics and Financial Issues 7/2 (Haziran 2017), 426-436.
JAMA Hawaldar IT, B. S, Pinto P. Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse. IJEFI. 2017;7:426–436.
MLA Hawaldar, Iqbal Thonse vd. “Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse”. International Journal of Economics and Financial Issues, c. 7, sy. 2, 2017, ss. 426-3.
Vancouver Hawaldar IT, B. S, Pinto P. Empirical Testing of Month of the Year Effect on Selected Commercial Banks and Services Sector Companies Listed on Bahrain Bourse. IJEFI. 2017;7(2):426-3.