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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Bibliographic Details
Main Author:	Fadzil, Muhamad Faiz Irwan
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Profits Corporate profits Malaysia
Online Access:	https://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf
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id	my-uitm-ir.33671
record_format	uketd_dc
spelling	my-uitm-ir.336712020-08-18T05:42:06Z January effect: the existence in Malaysia stock market / Muhamad Faiz Irwan Fadzil 2013-12 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 https://ir.uitm.edu.my/id/eprint/33671/ https://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf text en public degree Universiti Teknologi MARA, Kelantan Faculty of Business and Management Mohd Rashid, Siti Norbaya binti
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Mohd Rashid, Siti Norbaya binti
topic	Profits Corporate profits Profits Corporate profits Malaysia
spellingShingle	Profits Corporate profits Profits Corporate profits 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
qualification_level	Bachelor degree
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
granting_institution	Universiti Teknologi MARA, Kelantan
granting_department	Faculty of Business and Management
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/33671/1/33671.pdf
_version_	1783734249415770112

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

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