Keyword Search:


Bookmark and Share

Overreaction of syariah stocks: does size matter?

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

[img] PDF - Published Version
271Kb

Official URL: http://econ.upm.edu.my/ijem/vol7_no1.htm

Abstract

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.

Item Type:Article
Keyword:Syariah Stocks; Stock prices; Stock overreaction behavior
Faculty or Institute:Faculty of Economics and Management
Publisher:Faculty of Economics and Management, Universiti Putra Malaysia
ID Code:30853
Deposited By: Umikalthom Abdullah
Deposited On:08 Apr 2015 15:49
Last Modified:03 Jul 2015 16:05

Repository Staff Only: Edit item detail

Document Download Statistics

This item has been downloaded for since 08 Apr 2015 15:49.

View statistics for "Overreaction of syariah stocks: does size matter?"