Profitability of technology-investing Islamic and non-Islamic stock markets

Narayan, Paresh Kumar,(2018), Profitability of technology-investing Islamic and non-Islamic stock markets. , Pacific-Basin Finance Journal 52 (2018) 70–81, UNSPECIFIED

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In this paper we show that non-Islamic countries which invest more in technologies are more profitable than countries, including Islamic countries, which do not. Our results also reveal that high-investing emerging countries are relatively more profitable than high-investing developed countries. Commonly known market risk factors explain only between 11 to 41% of momentum profits over time, suggesting that our results that technology-investing countries are profitable are not entirely due to market risk factors. Our results survive a battery of robustness tests.
Keywords : Technology Profits Islamic Momentum Market risk, UNSPECIFIED
Journal or Publication Title: Pacific-Basin Finance Journal 52 (2018) 70–81
Volume: 52
Item Type: Article
Subjects: Ekonomi Islam
Depositing User: Nila Nurjanah
Date Deposited: 19 Dec 2019 08:06
Last Modified: 19 Dec 2019 08:06

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