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An empirical assessment of fintechs heterogeneous transmission channels to financial development among African economies

Okoli, Tochukwu Timothy; Tewari, Devi D. - In: Cogent economics & finance 8 (2020) 1, pp. 1-18

The poor use of innovations for financial service delivery among African banks has limited the extent of financial development in the continent. Consequently, financial authorities seeks for a technology-enabled financial solution; an area not well covered in literature. This study therefore,...

Persistent link: https://www.econbiz.de/10013179597

The solar and lunar divide and the impact on Taiwan's stock returns

Yang, Der-Yuan; Lee, Chen Hsun - In: Cogent economics & finance 4 (2016) 1, pp. 1-8

Under the influence of the western world, the solar New Year celebration seems to have fascinated everyone in Taiwan with the lunar New Year festivity showing much less vigor. This paper examines the impact of the solar and lunar New Years on the stock market of Taiwan, showing that the lunar...

Persistent link: https://www.econbiz.de/10011487735

Economic growth in oil-exporting countries : do stock market and banking sector development matter? ; evidence from Nigeria

Nwani, Chinazaekpere; Orie, Jacob Bassey - In: Cogent economics & finance 4 (2016) 1, pp. 1-11

This study empirically examines the independent effects of stock market and banking sector development on economic growth in Nigeria over the period 1981-2014 using the autoregressive distributed lag (ARDL) approach to co-integration analysis. Controlling for the possible effects of crude oil...

Persistent link: https://www.econbiz.de/10011450677

Liquidity-adjusted CAPM : an empirical analysis on Indian stock market

Kumar, Gaurav; Misra, Arun Kumar - In: Cogent economics & finance 7 (2019) 1, pp. 1-15

This article examines the impact of various sources of systematic liquidity risk and idiosyncratic liquidity risk on expected returns in the Indian stock market. The study tested the liquidity-adjusted capital asset pricing model (LCAPM) which is previously tested on developed markets....

Persistent link: https://www.econbiz.de/10012023356

Stock market and its liquidity : evidence from ARDL bound testing approach in the Indian context

Bhattacharya, Sharad Nath; Bhattacharya, Mousumi; Basu, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-12

This paper attempts to capture the relationship between stock market movements and its endogenous liquidity measures using Autoregressive Distributed-lag (ARDL) Bounds Testing Approach. We consider depth, breadth, tightness, immediacy and resiliency dimensions of market liquidity using suitable...

Persistent link: https://www.econbiz.de/10012023365

Expected lifetime range ratio to find mean reversion : evidence from Indian stock market

Shaik, Muneer; Maheswaran, S. - In: Cogent economics & finance 6 (2018) 1, pp. 1-23

We use the expected lifetime range (ELR) ratio based on the extreme values of asset prices to detect the presence of mean reversion in stock returns. We find that the actual cross-sectional average of the ELR ratio is significantly less than its bootstrap means, thereby indicating a considerable...

Persistent link: https://www.econbiz.de/10011905649

Presidential elections and stock market outcomes : an event-study on the effect of Turkey's Presidential Elections on Borsa Istanbul

Bash, Ahmad; Al-Awadhi, Abdullah M. - In: Cogent economics & finance 11 (2023) 2, pp. 1-11

This paper uses the event-study methodology to investigate the effect of the Presidential Turkish elections in 2023 on Borsa Istanbul returns. The data used in this study cover the period from 13 June 2022, through 7 June 2023. We employ a market model to study the effect of two election rounds...

Persistent link: https://www.econbiz.de/10014501249

It's COVID-19 chaos! : is the temporary restriction on short selling in Thailand effective?

Likitapiwat, Tanakorn; Sirimon Treepongkaruna - In: Cogent economics & finance 10 (2022) 1, pp. 1-23

This paper evaluates the effectiveness of the COVID-19 temporarily led restriction on short selling by the Stock Exchange of Thailand (SET). We investigate the causal effect of short selling restriction on return, volatility and market quality from 2 September 2019 to 30 September 2020....

Persistent link: https://www.econbiz.de/10013413506

On the relationship between oil price, exchange rate and stock market performance in South Africa : further evidence from time-varying and regime switching approaches

Sanusi, Kazeem Abimbola; Mingiri, Kapingura Forget - In: Cogent economics & finance 10 (2022) 1, pp. 1-18

The study examines the dynamics between oil price, exchange rate, and stock market performance in South Africa using …, and market capitalization as a measure of stock performance from 2003(01) to 2019(7) were employed. The results of DCC … concludes that stock market performance provides an important policy help in stemming the erratic fluctuations in oil price …

Persistent link: https://www.econbiz.de/10013415387

Time-frequency moment interdependence of equity, oil, and gold markets during the COVID-19 pandemic

Ahmed, Walid M. A.; Sleem, Mohamed A. E. - In: Cogent economics & finance 10 (2022) 1, pp. 1-30

Like no other calamitous event in recent memory, the COVID-19 pandemic has plunged the world’s financial system into disarray, triggering systemic risk spillovers across markets. In this study, we use 5-minute index futures price data to examine the multiscale interdependence structure of...

Persistent link: https://www.econbiz.de/10013447921