Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market
The objective of this study was to evaluate the calendar effect of the holy month of Ramadan on trading volume and abnormal returns in the Iranian capital market during the years 2009 to 2019 for 10 years in the stock exchange. The present study is considered as applied in terms of purpose and corre...
Guardado en:
| Publicado en: | Apuntes Universitarios |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo de revista |
| Lenguaje: | español |
| Publicado: |
Universidad Peruana Unión
2020
|
| Materias: | |
| Acceso en línea: | Ver en el sistema de origen |
| Etiquetas: |
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1881695025892425728 |
|---|---|
| author | Noori, Abdollah Mohammadi Molgharni, Atallah Noravesh, Iraj |
| author_browse | Mohammadi Molgharni, Atallah Noori, Abdollah Noravesh, Iraj |
| author_facet | Noori, Abdollah Mohammadi Molgharni, Atallah Noravesh, Iraj |
| author_sort | Noori, Abdollah |
| collection | Revistas |
| container_title | Apuntes Universitarios |
| description | The objective of this study was to evaluate the calendar effect of the holy month of Ramadan on trading volume and abnormal returns in the Iranian capital market during the years 2009 to 2019 for 10 years in the stock exchange. The present study is considered as applied in terms of purpose and correlation in terms of descriptive method. Also, the data panel model was used to investigate the relationship between the variables. According to the results, the variable coefficient of the effect of the holy month of Ramadan on the trading volume has a significant level of 0.441, therefore, considering that this value is greater than the alpha level of the research, which is equal to 0.05, therefore, this hypothesis (zero) that the variable of the effect of Ramadan is not effective on the variable of trading volume, is not rejected. Therefore, the effect of the calendar of the holy month on the volume of transactions is not significant. Also, variable coefficient of the effect of Ramadan and the share return has a significant level of 0.000, so considering that this value is smaller than the alpha level of the research, which is equal to 0.05, therefore, this hypothesis (zero) that the variable of Ramadan effect D01 does not affect the share return in Iran, is rejected. |
| format | Online |
| id | oai:ojs2.apuntesuniversitarios.upeu.edu.pe:article/599 |
| institution | UPeU |
| issn | 2304-0335 2225-7136 |
| language | Spanish |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | Universidad Peruana Unión |
| publisherStr | Universidad Peruana Unión |
| record_format | ojs |
| revista_str_mv | Apuntes Universitarios |
| spelling | oai:ojs2.apuntesuniversitarios.upeu.edu.pe:article/5992021-01-06T15:12:33Z Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market Estudio pedagógico sobre el efecto del mes sagrado de Ramadán en el volumen de operaciones y los rendimientos anormales en el mercado de capitales iraní Noori, Abdollah Mohammadi Molgharni, Atallah Noravesh, Iraj Capital market, economy, stock exchange, Ramadan, Iranian religion Mercado de capitales, economía, bolsa, Ramadán, religión iraní The objective of this study was to evaluate the calendar effect of the holy month of Ramadan on trading volume and abnormal returns in the Iranian capital market during the years 2009 to 2019 for 10 years in the stock exchange. The present study is considered as applied in terms of purpose and correlation in terms of descriptive method. Also, the data panel model was used to investigate the relationship between the variables. According to the results, the variable coefficient of the effect of the holy month of Ramadan on the trading volume has a significant level of 0.441, therefore, considering that this value is greater than the alpha level of the research, which is equal to 0.05, therefore, this hypothesis (zero) that the variable of the effect of Ramadan is not effective on the variable of trading volume, is not rejected. Therefore, the effect of the calendar of the holy month on the volume of transactions is not significant. Also, variable coefficient of the effect of Ramadan and the share return has a significant level of 0.000, so considering that this value is smaller than the alpha level of the research, which is equal to 0.05, therefore, this hypothesis (zero) that the variable of Ramadan effect D01 does not affect the share return in Iran, is rejected. El objetivo de este estudio fue evaluar el efecto calendario del mes sagrado de Ramadán sobre el volumen de operaciones y los rendimientos anormales en el mercado de capitales iraní durante los años 2009 a 2019 durante 10 años en la bolsa de valores. El presente estudio se considera aplicado en términos de propósito y correlación en términos de método descriptivo. Además, se utilizó el modelo de panel de datos para investigar la relación entre las variables. De acuerdo con los resultados, la variable coeficiente del efecto del mes sagrado de Ramadán sobre el volumen de negociación tiene un nivel significativo de 0.441, por lo tanto, considerando que este valor es mayor que el nivel alfa de la investigación, que es igual a 0.05, por lo tanto, no se rechaza esta hipótesis (cero) de que la variable del efecto del Ramadán no es efectiva sobre la variable de volumen de comercio. Por tanto, el efecto del calendario del mes sagrado sobre el volumen de transacciones no es significativo. Según los resultados la variable coeficiente del efecto del Ramadán y el retorno de la acción tiene un nivel significativo de 0.000, por lo que considerando que este valor es menor que el nivel alfa de la investigación, que es igual a 0.05, por lo tanto, esta hipótesis (cero) que la variable de efecto Ramadán D01 no afecta la rentabilidad de las acciones en Irán, se rechaza. Universidad Peruana Unión 2020-12-02 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html https://apuntesuniversitarios.upeu.edu.pe/index.php/revapuntes/article/view/599 10.17162/au.v11i1.599 Apuntes Universitarios; Vol. 11 Núm. 1 (2021): Revista de Investigación Apuntes Universitarios; 500 - 513 2304-0335 2225-7136 10.17162/au.v11i1 spa https://apuntesuniversitarios.upeu.edu.pe/index.php/revapuntes/article/view/599/690 https://apuntesuniversitarios.upeu.edu.pe/index.php/revapuntes/article/view/599/713 Derechos de autor 2020 Abdollah Noori, Atallah Mohammadi Molgharni, Iraj Noravesh https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | Capital market, economy, stock exchange, Ramadan, Iranian religion Mercado de capitales, economía, bolsa, Ramadán, religión iraní Noori, Abdollah Mohammadi Molgharni, Atallah Noravesh, Iraj Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title | Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title_alt | Estudio pedagógico sobre el efecto del mes sagrado de Ramadán en el volumen de operaciones y los rendimientos anormales en el mercado de capitales iraní |
| title_full | Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title_fullStr | Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title_full_unstemmed | Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title_short | Pedagogical study on the effect of the holy month of Ramadan on the volume of operations and abnormal returns in the Iranian capital market |
| title_sort | pedagogical study on the effect of the holy month of ramadan on the volume of operations and abnormal returns in the iranian capital market |
| topic | Capital market, economy, stock exchange, Ramadan, Iranian religion Mercado de capitales, economía, bolsa, Ramadán, religión iraní |
| topic_facet | Capital market, economy, stock exchange, Ramadan, Iranian religion Mercado de capitales, economía, bolsa, Ramadán, religión iraní |
| url | https://apuntesuniversitarios.upeu.edu.pe/index.php/revapuntes/article/view/599 |
| work_keys_str_mv | AT nooriabdollah pedagogicalstudyontheeffectoftheholymonthoframadanonthevolumeofoperationsandabnormalreturnsintheiraniancapitalmarket AT mohammadimolgharniatallah pedagogicalstudyontheeffectoftheholymonthoframadanonthevolumeofoperationsandabnormalreturnsintheiraniancapitalmarket AT noraveshiraj pedagogicalstudyontheeffectoftheholymonthoframadanonthevolumeofoperationsandabnormalreturnsintheiraniancapitalmarket AT nooriabdollah estudiopedagogicosobreelefectodelmessagradoderamadanenelvolumendeoperacionesylosrendimientosanormalesenelmercadodecapitalesirani AT mohammadimolgharniatallah estudiopedagogicosobreelefectodelmessagradoderamadanenelvolumendeoperacionesylosrendimientosanormalesenelmercadodecapitalesirani AT noraveshiraj estudiopedagogicosobreelefectodelmessagradoderamadanenelvolumendeoperacionesylosrendimientosanormalesenelmercadodecapitalesirani |