The impact of subprime crisis on Asia-Pacific Islamic Stock Market

The impact of subprime crisis on Asia-Pacific Islamic Stock Market

The objective of this study is to examine the impact of the U.S. subprime crisis on the long-term and short-term dynamic relationships between selected Asia-Pacific Islamic stock markets and conventional stock markets in the region. The comovements among these stock markets are examined through coin...

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Bibliographic Details
Main Authors: Zhang, H. C., Hamid, Zarinah
Format: Article
Language:English
Published: Taylor ans Francis 2015
Subjects:
HF3000 By region or country
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/1/Impact_of_Subprime_Crisis_JAPB_Vol_16%282%29_2015_pp105-127.pdf
id iium-42889
recordtype eprints
spelling iium-428892015-07-11T08:49:48Z http://irep.iium.edu.my/42889/ The impact of subprime crisis on Asia-Pacific Islamic Stock Market Zhang, H. C. Hamid, Zarinah HF3000 By region or country HG4501 Stocks, investment, speculation The objective of this study is to examine the impact of the U.S. subprime crisis on the long-term and short-term dynamic relationships between selected Asia-Pacific Islamic stock markets and conventional stock markets in the region. The comovements among these stock markets are examined through cointegration tests, and vector error correction model–based Granger causality tests, for the period from February 2006 to December 2010. The study reveals that, after the debut of the U.S. subprime crisis, Asia-Pacific Islamic stock markets increasingly integrated among themselves and with their conventional counterparts. In addition, the conventional markets of the United States and Japan significantly influence the short-run fluctuations of Asia-Pacific Islamic and conventional markets. Taylor ans Francis 2015-05-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/42889/1/Impact_of_Subprime_Crisis_JAPB_Vol_16%282%29_2015_pp105-127.pdf Zhang, H. C. and Hamid, Zarinah (2015) The impact of subprime crisis on Asia-Pacific Islamic Stock Market. Journal of Asia-Pacific Business, 16 (2). pp. 105-127. ISSN 1059-9231 http://www.tandfonline.com/doi/full/10.1080/10599231.2015.1028304 doi/full/10.1080/10599231.2015.1028304
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HF3000 By region or country
HG4501 Stocks, investment, speculation
spellingShingle HF3000 By region or country
HG4501 Stocks, investment, speculation
Zhang, H. C.
Hamid, Zarinah
The impact of subprime crisis on Asia-Pacific Islamic Stock Market
description The objective of this study is to examine the impact of the U.S. subprime crisis on the long-term and short-term dynamic relationships between selected Asia-Pacific Islamic stock markets and conventional stock markets in the region. The comovements among these stock markets are examined through cointegration tests, and vector error correction model–based Granger causality tests, for the period from February 2006 to December 2010. The study reveals that, after the debut of the U.S. subprime crisis, Asia-Pacific Islamic stock markets increasingly integrated among themselves and with their conventional counterparts. In addition, the conventional markets of the United States and Japan significantly influence the short-run fluctuations of Asia-Pacific Islamic and conventional markets.
format Article
author Zhang, H. C.
Hamid, Zarinah
author_facet Zhang, H. C.
Hamid, Zarinah
author_sort Zhang, H. C.
title The impact of subprime crisis on Asia-Pacific Islamic Stock Market
title_short The impact of subprime crisis on Asia-Pacific Islamic Stock Market
title_full The impact of subprime crisis on Asia-Pacific Islamic Stock Market
title_fullStr The impact of subprime crisis on Asia-Pacific Islamic Stock Market
title_full_unstemmed The impact of subprime crisis on Asia-Pacific Islamic Stock Market
title_sort impact of subprime crisis on asia-pacific islamic stock market
publisher Taylor ans Francis
publishDate 2015
url http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/
http://irep.iium.edu.my/42889/1/Impact_of_Subprime_Crisis_JAPB_Vol_16%282%29_2015_pp105-127.pdf
first_indexed 2023-09-18T21:01:06Z
last_indexed 2023-09-18T21:01:06Z
_version_ 1777410629403934720

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