A Sentiment Analysis on Short Selling: An Islamic Perspective

Authors

  • Anisa Syahidah Mujahidah Tazkia Islamic University College

DOI:

https://doi.org/10.58968/tae.v1i1.462

Keywords:

Short Selling, Sentiment Analysis, Islamic Capital Market

Abstract

This research was conducted to examine the perception of short selling within the scope of the Islamic capital market sector in terms of scientific research in published journals that discuss short selling. The method used is descriptive statistical analysis with meta-analysis, sentiment analysis from secondary data in the form of 30 papers published in the last 10 years, then processed using Microsoft Excel 2016 and SentiStrength software. The results of the sentiment analysis show that there is a tendency for perceptions that tend to be blurred in the scientific literature on short selling, with neutral sentiment at 40%, negative sentiment at 37%, positive sentiment at 23%, and the remaining high negative sentiment and high positive sentiment at 0%. The results of the meta-analysis also show that in the last 10 years there is still not much research on short selling, so there is still a lot that needs to be studied about short selling. In addition, publications related to short selling have fluctuated from year to year.

References

Ahmadvand, M., & Tamalloki, H. (2017). Using VIKOR method to prioritise sharia-compliant equivalents for short selling (based on evidence of Iran’s stock market). Afro-Asian J. Finance and Accounting, 281-303.

Ahmadvand, M., Dezfuli, H. K., & Sadehvand, M. J. (2014). Identifying Islamic alternatives to short selling in Iranian stock market and prioritizing them using TOPSIS. Qualitative Research in Financial Markets, 191-214.

Al-Yahri , W. B., Elsiefy, E., & Abdulazeem, A. (2015). Shari’ah Issues in Short Selling and Its Potential Implementation in Qatar Stock Exchange. International Business and Management, 62-78.

Aminy, M. M. (2018). PRAKTEK SHORT SELLING, MARGIN TRADING, DAN INSIDER TRADING DI PASAR SAHAM DALAM PERSPEKTIF ISLAM. IQTISHADUNA, 47-63.

Angel, J. J., & McCabe , D. M. (2008). The Business Ethics of Short Selling and Naked Short Selling. Journal of Business Ethics, 239–249 .

Aziza, A. N. (2023). A Sentiment Analysis on Bitcoin. Islamic Finance and Technology, 1(1).

Beber, A., & Pagano, M. (2013). Short-Selling Bans Around the World: Evidence from the 2007–09 Crisis. The Journal of Finance, 343-381.

Boehmer, E., & Wu, J. (. (2013). Short Selling and the Price Discovery Process. The Review of Financial Studies /, 287-322.

Calder, R. (2010). Short-selling replication in Islamic finance: Innovation and debate in Malaysia and beyond. Current Issues in Islamic Banking and Finance, 227-315.

Charoenrook, A., & Daouk, H. (2009). A Study of Market-Wide Short-Selling Restrictions. Working paper Department of Applied Economics and Management , 1-42.

Dusuki, A. W., & Abozaid, A. (2008). Fiqh Issues in Short Selling as Implemented in the Islamic Capital Market in Malaysia. JKAU: Islamic Economics, 63-78.

Elsief, E., Abozaid, A., & Al-Yahri, W. B. (2016). The Permissibility Of Short Selling On Stock Markets From The Islamic Finance Point Of View. International Academic Business Conference Orlando, FL.

Fabozzi, F., & Modigliani, F. (2003). capital market: institutions and instruments. New Jersey: prentice hall.

Firmansyah, I. (2022). A Sentiment Analysis on Profit Management. Management and Sustainability, 1(1).

Hasan, H., & Khan, S. D. (2016). REPLICATION OF SHORT SELLING IN ISLAMIC FINANCE. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC).

Mohamad, A. (2013). CREATING A TWO-WAY MARKET VIA SHORT SELLING AND ITS POTENTIAL USE IN THE ISLAMIC PARADIGM. International Journal of Economics, Management and Accounting, 29-43.

Naughton, S., & Naughton , T. (2000). Religion, Ethics and Stock Trading: The Case of an Islamic Equities Market. Journal of Business Ethics, 145-159.

Nejad, H. S. (2009). Islamic Viewpoint of Short Selling. 1-11.

Rahman, M. H., & Ramle, S. N. (2021). Shari’ah Issues in Short Selling: Critical Analysis and The Alternatives. The Journal of Management Theory and Practice (JMTP), 104-109.

Reed, A. (2013). Short Selling. Annual Review of Financial Economics, 245-258.

Riani, R., & Ikhwan, I. (2023). Cryptocurrency: A Sentiment Analysis from Twitter Data. Islamic Finance and Technology, 1(1).

Saff, P. A., & Sigurdsson, K. (2011). Price Efficiency and Short Selling. The Review of Financial Studies /, 821-852.

Sifat, I. M., & Mohamad, A. (2016). Selling Short as Ijarāh with Istiḥsān and Its Ethical Implication. arab law quarterly, 1-21.

Staley, K. F. (1996). The Art of Short Selling. USA: John Wiley & Sons.

Zaher, T., & Hassan , M. (2001). A comparative literature survey of Islamic finance and banking. Financial Markets, Institutions & Instruments, 155–199.

Downloads

Published

2024-03-19

How to Cite

Mujahidah, A. S. . (2024). A Sentiment Analysis on Short Selling: An Islamic Perspective. Text Analytics in Economics, 1(1). https://doi.org/10.58968/tae.v1i1.462