Between Ramadhan Effect Vs Covid-19 Pandemic

Yusnita, Raja Ria and Ritonga, Asdelina (2022) Between Ramadhan Effect Vs Covid-19 Pandemic. International Journal of Business and Management Invention, 11 (10). pp. 29-36. ISSN 2319-8028

Text 9. Between Ramadhan Effect Vs Covid-19.pdf - Published Version Download (465kB)

Abstract

This study investigated the Efficient Market Hypothesis(EMH) in stock market.The current study explorewhat happens before and after ramadan month, starting 2018 until the Covid-19 pandemic (2021). We have found that generally, average abnormal return full periode or year on year have lower abnormal return, indicate did not significant. The research proved that there are significant differences in average trading volume activity before and after ramadhan effect.. The interaction of ramadhan and covid-19 have result significant in 2020 for variable average trading volume activity.

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