Jacobs and N. Levy (1988) calendar anomalies have long been part of market tradition. Studies of the day-of-the-week, holiday and January effects first began to appear in the 1930s and
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Efficient Market Hypothesis and the Theory of Efficiency Markets Over the two last decades, extensive studies and research has documented the existence of weak form efficiency market and their
INTRODUCTION Overview We may not always realize it, but interest rates play an important role in our everyday lives and can greatly affect our buying power. Consequently, the overall trend
Share this: Facebook Twitter Reddit LinkedIn WhatsApp The research by (Taylor, Drummond, & Gomes, 1986) related to effectiveness of subsidized credit programs in improving the productivity of traditional farmers in developing countries the credit program
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Capital structure aims to yield the lowest cost of capital basically it refers debt to equity ratio of the firm. To determine the optimum capital structure the capital amount should
During the eighteenth and nineteenth centuries, India supplied Britain with raw materials and a market for manufactured products. Britain became increasingly reliant on India for raw materials such as cotton,
Share this: Facebook Twitter Reddit LinkedIn WhatsApp Introduction: Equity markets today are important participants in economic activity. They are an important source of funds to corporations that utilize them for trade and capital expansion hence,
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According to economic survey of Pakistan (2006), in line with the rising growth rate of GDP, demand for energy has also grown rapidly. The magnitude by which economies are hurt
Share this: Facebook Twitter Reddit LinkedIn WhatsApp The world’s financial market are categorized into three different classification namely developed, emerging and frontier markets, (FTSE 2003). This classification was done on the foundation of size of
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Introduction The subject of this study is oil prices and their impact on the economy as a whole. Oil plays a crucial role in the world’s economy and has a
Dividend policy in the firm has been the major issue for understanding how managers set dividend and change dividend given to stockholders. The extant literature on dividend payout ratios provides
Free cash flow is the amount of cash that a company has on hand after it has paid all of its expenses, together with investments. Free cash flow is crucial since
Share this: Facebook Twitter Reddit LinkedIn WhatsApp 1. Introduction Cambodia has an area of 181,035 square kilometers (km2) and borders Viet Nam, Lao People Democratic Republic (Lao PDR), and Thailand. The longest river in Asia,
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Share this: Facebook Twitter Reddit LinkedIn WhatsApp Crude oil and natural gas are major commodities traded in international markets. Refined products are used in a variety of ways, such as motor fuel (which is the
Share this: Facebook Twitter Reddit LinkedIn WhatsApp The phenomenon of interest in politeness, both socially and linguistically, has seen a significant increase over the last three decades as evidenced by the numbers of paper that
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Literature Review on Day of the Week Effects Efficient Market Hypothesis (EMH) claims that financial markets are “informationally efficient” Fama (1970). In other words, financial markets reflect all known
Share this: Facebook Twitter Reddit LinkedIn WhatsApp 2.1 Introduction This chapter focuses on the literature review aspect of this study. It reviews issues around inflation and stock returns. 2.2.1 Conceptual Issues Inflation has defined in
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Share this: Facebook Twitter Reddit LinkedIn WhatsApp In their article “The American Mortgage in Historical and International Context” 2005, Green and Watcher observed how the history of the American mortgage has undergone enormous changes
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2.0 Introduction The dynamic relationship between macroeconomic variables and share returns have been widely discussed and debated. It is an uneasy task to select a proper macroeconomic variable that could
2.2 Theoretical Review Many countries have witnessed huge strides towards liberalization of the financial markets. This reform was mainly adopted in view of promoting growth in the country. Thus, this
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