Showing 1 - 10 of 17
This book of readings provides fruitful policy recommendations on various financial development issues in the Arab World such as operational efficiency and service quality in banking. It also examines different aspects related to stock markets development such as efficiency, volatility, hedging,...
Persistent link: https://www.econbiz.de/10011170518
Purpose -The purpose of this study is to investigate the role of stock markets in economic growth and to shed some light on the macroeconomic determinants which must have an important influence on stock markets development. Design/methodology/approach -The empirical study is conducted using an...
Persistent link: https://www.econbiz.de/10010752654
Persistent link: https://www.econbiz.de/10005439622
This paper examines the performance of seven indexes chosen from the Dow Jones Islamic Market Index (DJIM) vis-à-vis their non-Islamic counterparts using a variety of measures such as Sharpe, Treynor, Jenson and Fama’s selectivity, net selectivity and diversification. Second, we examine the...
Persistent link: https://www.econbiz.de/10011227826
Although banks are central to the economic development and growth of emerging markets (Benston, 2004), most studies have not investigated the determinants of stock returns of this sector in these countries. This study, contributes to the literature in finance by investigating and identifying...
Persistent link: https://www.econbiz.de/10011205710
This paper identifies the risks associated with investing in the Turkish stock market. We find that Turkish firms are more volatile than firms in countries that have recently joined the EU (our control group) and that the excess volatility is significantly associated with higher financial and...
Persistent link: https://www.econbiz.de/10011206091
This paper develops an empirical cost of carry model with exogenously conditioned convenience yield. The approach is implemented using monthly prices of all futures contracts traded at the New York Mercantile Exchange between 1985 and 2006. Tests indicate that the model fits the data extremely...
Persistent link: https://www.econbiz.de/10011206156
Cet article examine la performance de sept indices choisis parmi les indices Dow Jones islamiques de marché (DJIM) en regard de celle de leurs homologues conventionnels, en utilisant d’abord une variété de mesures telles que la méthode de sélectivité de Sharpe, Treynor, Jenson et Fama,...
Persistent link: https://www.econbiz.de/10011185272
This paper examines the performance of seven indexes chosen from the Dow Jones Islamic Market Index (DJIM) vis-à-vis their non-Islamic counterparts using a variety of measures such as Sharpe, Treynor, Jensen and Fama’s selectivity, net selectivity and diversification. Second, we examine the...
Persistent link: https://www.econbiz.de/10010761873
This article investigates the risk-return relations of stocks traded in frontier markets, a class of small, illiquid, less accessible and less known emerging markets that has escaped the attention of many researchers. We examine the cross-section of risk premiums of 360 stocks traded in 19...
Persistent link: https://www.econbiz.de/10010772813