Is There A Chinese New Year Effect in Malaysia?

Authors

  • Sinclair Davidson Royal Melbourne Institute of Technology, Author
  • Albert Peker Royal Melbourne Institute of Technology, Author

DOI:

https://doi.org/10.66674/7bhge222

Abstract

Yong (1993) has suggested that the presence of a "Chinese new year” may explain the existence of the January effect in the Kuala Lumpur Stock Exchange. It is necessary to provide some explanation for a January effect as Malaysia does not have a capital gains tax and the tax loss selling hypothesis cannot apply. In this paper we investigate whether the Chinese new year can explain the January effect. In addition to finding that the Chinese new year does not explain any January effect, we also are unable to find evidence of a January effect.

Downloads

Download data is not yet available.

Downloads

Published

01-12-1996

Issue

Vol. 4 No. 1 (1996): Volume 4, Issue 1, (1996)

Section

Articles

License

Copyright (c) 2025 Capital Markets Review

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

Is There A Chinese New Year Effect in Malaysia? (1996). Capital Markets Review, 4(1), 49-61. https://doi.org/10.66674/7bhge222

Most read articles by the same author(s)