RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA
This paper empirically examines tradeoff between risk and return for the Islamic stock market index in Bosnia and Herzegovina (BiH) (SASXBBI) and compares it with risk-return tradeoff of the conventional stock market index in BiH (SASX-30). Furthermore, it examines the eventual impact of the conven...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2019-11-01
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| Series: | Economic Review |
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| Online Access: | https://www.er.ef.untz.ba/index.php/er/article/view/72 |
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| author | Irfan Djedović Edin Djedović |
| author_facet | Irfan Djedović Edin Djedović |
| author_sort | Irfan Djedović |
| collection | DOAJ |
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This paper empirically examines tradeoff between risk and return for the Islamic stock market index in Bosnia and Herzegovina (BiH) (SASXBBI) and compares it with risk-return tradeoff of the conventional stock market index in BiH (SASX-30). Furthermore, it examines the eventual impact of the conventional stock market index in BiH on the SASXBBI. The study used daily index observations spanning in the period from October 2016 until December 2018. The data were obtained from the Sarajevo Stock Exchange database. The risk-reward ratio is used to investigate the tradeoff between risk and return of the indices, while Ordinary Least Squares (OLS) regression analysis is used to investigate the impact. The results show that there is better risk-reward tradeoff in the conventional index in BiH compared to the Islamic index in BiH. Also, the results suggest that conventional index return has a significant positive impact on Islamic index return in BiH
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| format | Article |
| id | doaj-art-88fb331ebdc342bf9c4117522caed66d |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2019-11-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-88fb331ebdc342bf9c4117522caed66d2025-02-11T00:33:01ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2019-11-01172RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINAIrfan Djedović0Edin Djedović1Master Vision d.o.o., SarajevoCantonal Administration for Inspection Affairs of Tuzla Canton This paper empirically examines tradeoff between risk and return for the Islamic stock market index in Bosnia and Herzegovina (BiH) (SASXBBI) and compares it with risk-return tradeoff of the conventional stock market index in BiH (SASX-30). Furthermore, it examines the eventual impact of the conventional stock market index in BiH on the SASXBBI. The study used daily index observations spanning in the period from October 2016 until December 2018. The data were obtained from the Sarajevo Stock Exchange database. The risk-reward ratio is used to investigate the tradeoff between risk and return of the indices, while Ordinary Least Squares (OLS) regression analysis is used to investigate the impact. The results show that there is better risk-reward tradeoff in the conventional index in BiH compared to the Islamic index in BiH. Also, the results suggest that conventional index return has a significant positive impact on Islamic index return in BiH https://www.er.ef.untz.ba/index.php/er/article/view/72islamic indexconventional indexOLSrisk-rewardimpact |
| spellingShingle | Irfan Djedović Edin Djedović RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA Economic Review islamic index conventional index OLS risk-reward impact |
| title | RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA |
| title_full | RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA |
| title_fullStr | RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA |
| title_full_unstemmed | RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA |
| title_short | RISK-REWARD TRADEOFF AND BEHAVIOR OF ISLAMIC AND CONVENTIONAL STOCK MARKET INDICES IN BOSNIA AND HERZEGOVINA |
| title_sort | risk reward tradeoff and behavior of islamic and conventional stock market indices in bosnia and herzegovina |
| topic | islamic index conventional index OLS risk-reward impact |
| url | https://www.er.ef.untz.ba/index.php/er/article/view/72 |
| work_keys_str_mv | AT irfandjedovic riskrewardtradeoffandbehaviorofislamicandconventionalstockmarketindicesinbosniaandherzegovina AT edindjedovic riskrewardtradeoffandbehaviorofislamicandconventionalstockmarketindicesinbosniaandherzegovina |