دانلود مقاله ISI انگلیسی شماره 83361
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
83361 2017 23 صفحه PDF سفارش دهید 9294 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
The impact of macroeconomic and conventional stock market variables on Islamic index returns under regime switching
منبع

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

Journal : Borsa Istanbul Review, Volume 17, Issue 1, March 2017, Pages 62-74

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چکیده انگلیسی

The objective of this paper is to study the impact of conventional stock market return and volatility and various macroeconomic variables (including inflation rate, short-term interest rate, the slope of the yield curve and money supply) on Islamic stock markets returns for twenty developed and emerging markets using Markov switching regression models. The empirical results for the period 2002–2014 show that both developed and emerging Islamic stock indices are influenced by conventional stock indices returns and money supply for both the low and high volatility regimes. However, the other macroeconomic variables fail to explain the dynamics of Islamic stock indices especially in the high volatility regime. Similar conclusions are obtained by using the MS-VAR model.

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