IDEAS home Printed from https://ideas.repec.org/a/eas/buseco/v9y2017i9p22-32.html
   My bibliography  Save this article

Effect of Subprime Crisis on Co-Movement Behavior of Islamic And Conventional Stock

Author

Listed:
  • Emin Avcı

    (Marmara University)

  • Bassam Al-Agha

    (Marmara University)

Abstract

This paper attempts to explore the impact of the global financial crisis, generally named as Subprime crisis, on the degree of integration between conventional and Islamic stock markets. For his purpose, index data (both Islamic and Conventional indexes) from five countries (USA, UK, Canada, Japan and Indonesia) are used. The result from Engle Granger co-integration test pointed that, the financial crisis affected the integration between Islamic and conventional stock market only in Canada and Indonesia, whilst no clear effect could be found on the rest of the countries. On the other hand, the results of Granger Causality presented variations on the causality relationship in each country.

Suggested Citation

  • Emin Avcı & Bassam Al-Agha, 2017. "Effect of Subprime Crisis on Co-Movement Behavior of Islamic And Conventional Stock," Eurasian Business & Economics Journal, Eurasian Academy Of Sciences, vol. 9(9), pages 22-32, February.
    • Handle: RePEc:eas:buseco:v:9:y:2017:i:9:p:22-32
    DOI: 10.17740/eas.econ.2017.V9-02
    as

    Download full text from publisher

    File URL: https://eurasianacademy.org/index.php/busecon/article/view/723
    Download Restriction: no
    File URL: https://libkey.io/10.17740/eas.econ.2017.V9-02?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eas:buseco:v:9:y:2017:i:9:p:22-32. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kutluk Kagan Sumer (email available below). General contact details of provider: http://busecon.eurasianacademy.org/eng/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.