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The impact of the Shariah announcement on the stock prices

This research investigates the impact of Shariah compliance announcements on stock prices in Malaysia from 2019 to 2023. Utilizing event study methodology, the study examines Average Abnormal Return (AAR) and cumulative average abnormal returns (CAAR) to assess stock prices reactions surrounding the...

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Main Author: Siti Hajar, Osman
Format: Thesis
Language:English
English
Published: 2024
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/11592/1/Depositpermission_s823621.pdf
https://etd.uum.edu.my/11592/2/s823621_01.pdf
https://etd.uum.edu.my/11592/
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id my.uum.etd.11592
record_format eprints
spelling my.uum.etd.115922025-03-05T07:08:36Z https://etd.uum.edu.my/11592/ The impact of the Shariah announcement on the stock prices Siti Hajar, Osman HG Finance This research investigates the impact of Shariah compliance announcements on stock prices in Malaysia from 2019 to 2023. Utilizing event study methodology, the study examines Average Abnormal Return (AAR) and cumulative average abnormal returns (CAAR) to assess stock prices reactions surrounding these announcements. The findings reveal significant negative abnormal returns before the announcements and notable positive abnormal returns afterward. The study highlights the volatility and behavioural patterns in stock prices associated with Shariah delisting announcements, providing critical insights for investors, fund managers, and policymakers regarding the implications of Shariah compliance in the Malaysian stock price. 2024 Thesis NonPeerReviewed text en https://etd.uum.edu.my/11592/1/Depositpermission_s823621.pdf text en https://etd.uum.edu.my/11592/2/s823621_01.pdf Siti Hajar, Osman (2024) The impact of the Shariah announcement on the stock prices. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Siti Hajar, Osman
The impact of the Shariah announcement on the stock prices
description This research investigates the impact of Shariah compliance announcements on stock prices in Malaysia from 2019 to 2023. Utilizing event study methodology, the study examines Average Abnormal Return (AAR) and cumulative average abnormal returns (CAAR) to assess stock prices reactions surrounding these announcements. The findings reveal significant negative abnormal returns before the announcements and notable positive abnormal returns afterward. The study highlights the volatility and behavioural patterns in stock prices associated with Shariah delisting announcements, providing critical insights for investors, fund managers, and policymakers regarding the implications of Shariah compliance in the Malaysian stock price.
format Thesis
author Siti Hajar, Osman
author_facet Siti Hajar, Osman
author_sort Siti Hajar, Osman
title The impact of the Shariah announcement on the stock prices
title_short The impact of the Shariah announcement on the stock prices
title_full The impact of the Shariah announcement on the stock prices
title_fullStr The impact of the Shariah announcement on the stock prices
title_full_unstemmed The impact of the Shariah announcement on the stock prices
title_sort impact of the shariah announcement on the stock prices
publishDate 2024
url https://etd.uum.edu.my/11592/1/Depositpermission_s823621.pdf
https://etd.uum.edu.my/11592/2/s823621_01.pdf
https://etd.uum.edu.my/11592/
_version_ 1825813694593892352
score 13.244413

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