دانلود مقاله ISI انگلیسی شماره 83341
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
83341 2017 29 صفحه PDF سفارش دهید 8207 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Islamic or conventional mutual funds: Who has the upper hand? Evidence from Malaysia
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Pacific-Basin Finance Journal, Volume 42, April 2017, Pages 183-192

پیش نمایش مقاله
پیش نمایش مقاله

چکیده انگلیسی

Contradictory results are documented in the literature regarding which type of mutual fund has superior performance; an Islamic or conventional mutual fund. Due to the relative short history of the Islamic mutual funds' industry, prior literature has inevitably relied on a small sample size with a short sample period. With the longest applicable sample period, this study represents one of the most recent attempts to address this conflicting evidence. We find there is no clear cut over performance by Islamic mutual funds against their conventional peers across the three financial crises in our sample period, with the exception of the most recent global financial crisis, where Islamic mutual funds generally outperformed their conventional counterparts. We further find that Islamic funds significantly outperformed conventional funds in the riskiest asset class, equity, one year before and during the global financial crisis. We further reveal that the modified value at risk for Islamic mutual funds was significantly lower than their conventional peers during the global financial crisis. This seems to indicate that Islamic mutual funds have better risk management compared to conventional peers.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.