AL-FALAH : Journal of Islamic Economics
Vol 4, No 2 (2019)

The Inconsistency Effect of Anomalies on the Muslim Eid (Id Fitri) towards Abnormal Return : Case Study in the Indonesia Stock Exchange

Muhammad Abdul Ghoni (Institut Agama Islam Negeri (IAIN) Curup)



Article Info

Publish Date
16 Dec 2019

Abstract

Purposes: The purpose of this paper is to analyze the causes of inconsistency in the effect of the "Anomalies" of the Islamic Eid (Eid al-Fitr) on Abnormal returns on the Indonesia Stock Exchange. Design/Methodology/Approach: This article applied the quatitative analysis. In practise, it consistently uses the descriptive qantitative in measuring the effect cross selected-variables.Findings: Based on the results of the analysis showed that the inconsistency of the effect of "Anomalies" on the Islamic Eid (Eid al-Fitr) on Abnormal returns on the Indonesia Stock Exchange was caused by various things, including behavior of investors caused by uncertainty during the Eid al-Fitr. Originality/Value: a set of novelty identificated from the article is that study deeply measures the relationship between anomalies of The Muslim Eid and Abnomarmal Return in The Indonesia Stock Exchange.

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Journal Info

Abbrev

alfalah

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

AL-FALAH: Journal of Islamic Economics is scientific journal of Islamic Economics based on both conceptual and empirical research. It concerns to extensively publish the issues of islamic economics which study through interdiscipline perspectives such as fiqh, shariah finance, islamic bank, islamic ...