The irrational behaviour of investors and its impact on stock price movements: evidence from bursa Malaysia[HD28-70].

Abstract

Adakah Hipotesis Pasaran Efisien (EMH) masih wujud dalam dunia nyata sekiranya andaian rasionaliti tidak lagi bertahan? Oleh sebab pasaran terdiri daripada manusia, adalah logik bahawa penjelasan yang berakar pada sifat psikologi pelabur dapat menerangkan kelakuan pasaran saham. Is the Efficient Market Hypothesis (EMH) still alive in the real world if the rationality assumption does not hold? Since markets consist of human beings, it seems logical that explanations rooted in the psychological attributes of investors would shed some light on stock market behaviour.