Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets
This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short...
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ftiislamicuniv:oai:generic.eprints.org:57465 2023-05-15T18:11:23+02:00 Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets Youcef, Grimes Adewale, Abideen Adeyemi 2017 application/pdf http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/252 en eng IIUM Press, International Islamic University Malaysia http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf Youcef, Grimes and Adewale, Abideen Adeyemi (2017) Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets. Journal of Islamic Finance, 6 (Special issue). pp. 14-34. ISSN 2289-2109 E-ISSN 2289-2117 HF1021 Commercial geography. Economic geography Article PeerReviewed 2017 ftiislamicuniv 2022-10-29T13:07:54Z This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short and long run linkages between these stock markets for the period spanning from January 2000 to September 2014 split into two sub-periods before and after the global financial crisis. Through applying Johansen co-integration analysis we found that the Indonesian, Malaysian, Saudi Arabian and Turkish stock markets are co-integrated during both periods. Emphasis was on the after crisis period where two co-integrating equations have been recorded. Granger causality test employed based on VECM further revealed that only a unidirectional relationship exist in the pre-crisis period between Saudi Arabia and Indonesia. However, bidirectional causality relationships were detected between almost all the four stock markets during the post-crisis period. Article in Journal/Newspaper sami IIUM Repository (IRep - International Islamic University Malaysia) Johansen ENVELOPE(67.217,67.217,-70.544,-70.544) |
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Open Polar |
collection |
IIUM Repository (IRep - International Islamic University Malaysia) |
op_collection_id |
ftiislamicuniv |
language |
English |
topic |
HF1021 Commercial geography. Economic geography |
spellingShingle |
HF1021 Commercial geography. Economic geography Youcef, Grimes Adewale, Abideen Adeyemi Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
topic_facet |
HF1021 Commercial geography. Economic geography |
description |
This research paper investigates the dynamic linkages among four selected equity markets from Organization of the Islamic Conference (OIC) members. The four countries comprised the proposed Muslim BRICS called SAMI: Saudi Arabia, Ankara (Turkey), Malaysia and Indonesia. The study explores the short and long run linkages between these stock markets for the period spanning from January 2000 to September 2014 split into two sub-periods before and after the global financial crisis. Through applying Johansen co-integration analysis we found that the Indonesian, Malaysian, Saudi Arabian and Turkish stock markets are co-integrated during both periods. Emphasis was on the after crisis period where two co-integrating equations have been recorded. Granger causality test employed based on VECM further revealed that only a unidirectional relationship exist in the pre-crisis period between Saudi Arabia and Indonesia. However, bidirectional causality relationships were detected between almost all the four stock markets during the post-crisis period. |
format |
Article in Journal/Newspaper |
author |
Youcef, Grimes Adewale, Abideen Adeyemi |
author_facet |
Youcef, Grimes Adewale, Abideen Adeyemi |
author_sort |
Youcef, Grimes |
title |
Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
title_short |
Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
title_full |
Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
title_fullStr |
Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
title_full_unstemmed |
Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets |
title_sort |
dynamic linkages among sami nations (saudi arabia, turkey, malaysia, indonesia) equity markets |
publisher |
IIUM Press, International Islamic University Malaysia |
publishDate |
2017 |
url |
http://irep.iium.edu.my/57465/ http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf http://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/252 |
long_lat |
ENVELOPE(67.217,67.217,-70.544,-70.544) |
geographic |
Johansen |
geographic_facet |
Johansen |
genre |
sami |
genre_facet |
sami |
op_relation |
http://irep.iium.edu.my/57465/1/57465_Dynamic%20Linkages%20Among%20SAMI.pdf Youcef, Grimes and Adewale, Abideen Adeyemi (2017) Dynamic linkages among SAMI Nations (Saudi Arabia, Turkey, Malaysia, Indonesia) equity markets. Journal of Islamic Finance, 6 (Special issue). pp. 14-34. ISSN 2289-2109 E-ISSN 2289-2117 |
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1766184053944352768 |