文章基本信息
- 标题：Does January Effect Exist in Bangladesh?
- 本地全文：下载
- 作者：A. F. M. Mainul Ahsan ; Ahasan Sarkar
- 期刊名称：International Journal of Business and Management
- 印刷版ISSN：1833-3850
- 电子版ISSN：1833-8119
- 出版年度：2013
- 卷号：8
- 期号：7
- 页码：82
- DOI：10.5539/ijbm.v8n7p82
- 出版社：Canadian Center of Science and Education
- 摘要：
This paper examines existence of January effect in Dhaka Stock Exchange (DSE) in Bangladesh. Regression
model combined with dummy variables and monthly DSE All Share Price Index (DSI) from January 1987 to
November 2012 has been used to test January effect in the stock return in DSE. It was empirically found that,
although January anomaly doesn’t exist in DSE, there is significant positive return in June which raises question
against efficient market hypothesis (EMH). Thus, there is an opportunity for investors to take advantage of this
June anomaly.
