This paper aimed to investigate the existence of any calendar effect (DOW, MOY and Chinese cultural effect) in the selected Chinese populated countries (China, Hong Kong, Malaysia, Singapore and Taiwan) in term of lunar calendar as well as Gregorian calendar. Since OLS method is insufficient to...

Stock market has been associated with economic growth through its role as source for new private capital. On the other hand, economic growth may be the catalyst for stock market growth. Thus, the purpose of this paper was to explore causal relationships between stock market and the economy using...