符合伊斯兰教法的金融股的弱形式效率:来自马来西亚KLSE的证据

2022 International Conference on Sustainable Islamic Business and Finance (SIBF) Pub Date : 2022-10-11 DOI:10.1109/SIBF56821.2022.9940111

Qaiser Munir, Sook ching Kok

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引用次数: 0

摘要

我们对吉隆坡证券交易所(KLSE) 1992年1月17日至2022年8月26日期间精选的符合伊斯兰教法的金融股进行了弱形式有效市场假设(EMH)检验。基于ADF和人工神经网络(ANN)单位根检验，我们的结果表明，在COVID-19时期之前，所有三个符合伊斯兰教法的股票都是有效的。我们的ANN测试结果表明，在COVID-19期间，BURSA和BIMB是低效的。这些结果具有一些显著的政策含义。

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Weak-Form Efficiency of Shariah-compliant Finance Stocks: Evidence from KLSE of Malaysia

We examine the weak-form efficient market hypothesis (EMH) for the selected Shariah-compliant finance stocks from the Kuala Lumpur Stock Exchange (KLSE) from 1/17/92 to 8/26/2022. Based on the ADF and artificial neural network (ANN) unit root tests, our results suggest that all three Shariah-compliant stocks are efficient before the COVID-19 period. Our results of ANN test suggest that BURSA and BIMB are inefficient during the COVID-19 period. These results have some notable policy implications.

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2022 International Conference on Sustainable Islamic Business and Finance (SIBF)

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