Sukamulja, Sukmawati (2004) Anomali pasar dan Idul Fitri holiday effect : kasus di bursa efek Jakarta. Jurnal Ekonomi, 8 (2).

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Abstract

Anomalies are empirical results than seem to be inconsistent with maintened theories of asset-pricing behavior. Several studies have documented the effect of size, devidend yields, E/P ratios, book-to-market value ratios, weekend, January effects, and holiday effect on market returns. Still, much controversy surrounds the existence of, and explanations for the observed market anomalies. Idul Fitri effect is one of the holiday effect. This paper examines the effect of Idul Fitri holiday to market returns. I find that the Idul Fitri holiday do not significantly affect to the Jakarta Stock Exchange during 1999 through 2003. This finding contributes to the debatable of market anomaly as a puzzle of market efficiency.

Item Type:	Article
Uncontrolled Keywords:	Asset-pricing behavior, market anomalies, Idul Fitri holiday effect, and market efficiency
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Manajemen
Depositing User:	tassa Natassa Auditasi
Date Deposited:	10 Feb 2022 03:04
Last Modified:	10 Feb 2022 03:04
URI:	https://eprints.unmer.ac.id/id/eprint/2343

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