Earticle

초록

영어

This study investigated the presence of month of the year (MOY) effect in Dhaka Stock Exchange (DSE), Bangladesh with the data from 2000 to 2012 of DSE all share index (DSI), DSE – 20 index (DSE – 20) and DSE general index (DGEN). DSE indexes were fluctuated more over the last couple of years and the only one previous study was conducted based on only DSI index as per our knowledge. The present study has made progress not only in relationship to documenting the month of year effect but also in highlighting potential explanations for its presence. Several hypotheses have been formulated; student’s t – statistics, ANOVA and dummy variable regression model were used in the study. The conclusion of all the findings is that the significant month of the year effect presents in DSE. So, investors can outperform the market and this is against in principle of market efficiency.

목차

Abstract
 1. Introduction
 2. Experiments
  2.1 Testable Hypothesis
  2.2 Data
  2.3 Methodology
 3. Empirical Results
 4. Conclusion
 Acknowledgement
 References

키워드

저자

• Mohammad Zoynul Abedin [ School of Business Management, Dalian University of Technology, Dalian 116024, China, Department of Finance and Banking, Hajee Mohammad Danesh Science and Technology University, Dinajpur – 5200, Bangladesh ]
• Guotai Chi [ School of Business Management, Dalian University of Technology, Dalian 116024, China ]
• Meng Bin [ School of Business Management, Dalian University of Technology, Dalian 116024, China ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  International Journal of u- and e- Service, Science and Technology

• 간기

  격월간

• pISSN

  2005-4246

• 수록기간

  2008~2016

• 십진분류

  KDC 505 DDC 605