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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Abstract
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 |
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Journal or Publication Title: | Pacific-Basin Finance Journal 52 (2018) 70–81 |
Volume: | 52 |
Number: | UNSPECIFIED |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Nila Nurjanah |
Date Deposited: | 19 Dec 2019 08:06 |
Last Modified: | 19 Dec 2019 08:06 |
URI: | https://repofeb.undip.ac.id/id/eprint/450 |