Short run stock overreaction: evidence from Bursa Malaysia
The objective of this paper is to discuss evidence of short run stock overreaction with respect to the arrival of dramatic events in the Malaysian stock market. The findings reveal that Malaysian stock market overreacts to economic crisis and extraordinary political events. The study shows significa...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/39481/1/39481.pdf |
| _version_ | 1796973546624253952 |
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| author | Ali, Norli Md Nassir, Annuar Hassan, Taufiq Zainal Abidin, Sazali |
| author_facet | Ali, Norli Md Nassir, Annuar Hassan, Taufiq Zainal Abidin, Sazali |
| author_sort | Ali, Norli |
| collection | UPM |
| description | The objective of this paper is to discuss evidence of short run stock overreaction with respect to the arrival of dramatic events in the Malaysian stock market. The findings reveal that Malaysian stock market overreacts to economic crisis and extraordinary political events. The study shows significant overreaction behaviour existed in this market upon announcement of the removal of the deputy prime minister and announcement of the resignation of the prime minister. In contrast, evidence of underreaction was detected upon announcement of the national election. With regards to dramatic international events, Malaysian stock markets only disclose evidence of stock overreaction behaviour to SARS outbreak. |
| first_indexed | 2024-03-06T08:44:15Z |
| format | Article |
| id | upm.eprints-39481 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:44:15Z |
| publishDate | 2010 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-394812015-08-03T06:18:06Z http://psasir.upm.edu.my/id/eprint/39481/ Short run stock overreaction: evidence from Bursa Malaysia Ali, Norli Md Nassir, Annuar Hassan, Taufiq Zainal Abidin, Sazali The objective of this paper is to discuss evidence of short run stock overreaction with respect to the arrival of dramatic events in the Malaysian stock market. The findings reveal that Malaysian stock market overreacts to economic crisis and extraordinary political events. The study shows significant overreaction behaviour existed in this market upon announcement of the removal of the deputy prime minister and announcement of the resignation of the prime minister. In contrast, evidence of underreaction was detected upon announcement of the national election. With regards to dramatic international events, Malaysian stock markets only disclose evidence of stock overreaction behaviour to SARS outbreak. Faculty of Economics and Management, Universiti Putra Malaysia 2010-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/39481/1/39481.pdf Ali, Norli and Md Nassir, Annuar and Hassan, Taufiq and Zainal Abidin, Sazali (2010) Short run stock overreaction: evidence from Bursa Malaysia. International Journal of Economics and Management, 4 (2). pp. 319-333. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol4_no2.htm |
| spellingShingle | Ali, Norli Md Nassir, Annuar Hassan, Taufiq Zainal Abidin, Sazali Short run stock overreaction: evidence from Bursa Malaysia |
| title | Short run stock overreaction: evidence from Bursa Malaysia |
| title_full | Short run stock overreaction: evidence from Bursa Malaysia |
| title_fullStr | Short run stock overreaction: evidence from Bursa Malaysia |
| title_full_unstemmed | Short run stock overreaction: evidence from Bursa Malaysia |
| title_short | Short run stock overreaction: evidence from Bursa Malaysia |
| title_sort | short run stock overreaction evidence from bursa malaysia |
| url | http://psasir.upm.edu.my/id/eprint/39481/1/39481.pdf |
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