دانلود مقاله با موضوع سهام اسلامی و همه گیر COVID-19
در قالب pdf و در 17 اسلاید،قابل ویرایش، شامل:
موضوع به انگلیسی:Islamic equities and COVID-19
pandemic
بخشی از متن:Purpose – The purpose of the study is to measure cross-country stock market correlation and volatility
transmission during the global coronavirus disease 2019 (COVID-19) pandemic. The paper traces trajectory of
Islamic equity investments in order to get insights on the behavior of the markets during the crisis.
Design/methodology/approach – The paper uses generalized method of moments (GMM), autoregressive
distributed lag (ARDL) and multivariate GARCH (MGARCH) models for analysis of dynamic causality, stock
market cointegration, correlation and volatility transmission between Islamic stock indices.
Findings – The result of normal correlation analysis on the share indices show the markets move together.
The result of ARDL cointegration test shows the markets returns are cointegrated as a group. To further make
sense of the data; the indices were grouped into four different categories, then cointegration tests were
conducted. The results of the analysis show that the subgroups are cointegrated except the low COVID-19
subgroup. Based on MGARCH findings, the possibility of volatility transmission between markets during the
crisis is high. The market returns indices show the usual herd mentality common during the period of crisis.
Originality/value – Unlike other works in this area, this paper attempt to trace the trajectory of Islamic equity
investment in order to get relevant insights and arrives at appropriate ways of responding to the crisis.
Keywords Islamic index, Islamic finance, International finance, Stock exchange, Cross-country correlation,
ARDL, MGARCH, GMM
Paper type Research paper
