Islamic vs. Conventional Equity Indices and Investor Sentiments
Purpose: This paper aims to empirically investigate the equity-sentiment relationship along with making a comparison between the Islamic equity indices with conventional ones. Methodology: To achieve the research objects, different models are applied including Ordinal Least square, Granger-Causal...
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| Format: | Article |
| Language: | English |
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İLKE İlim Kültür Eğitim Vakfı
2023-02-01
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| Series: | Türkiye İslam İktisadı Dergisi |
| Subjects: | |
| Online Access: | https://tujise.org/content/6-issues/20-10-1/3-islamic-vs-conventional-equity-indices-and-investor-sentiments/tujise-a3410.pdf |
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| _version_ | 1841561512244674560 |
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| author | Ume Habibah Suresh Kumar Oad Rajput Muhammad Shahid İqbal |
| author_facet | Ume Habibah Suresh Kumar Oad Rajput Muhammad Shahid İqbal |
| author_sort | Ume Habibah |
| collection | DOAJ |
| description | Purpose: This paper aims to empirically investigate the equity-sentiment relationship along with making a comparison between the Islamic equity indices with conventional ones.
Methodology: To achieve the research objects, different models are applied including Ordinal Least square, Granger-Causality test, Johansen cointegration, and Autoregressive-distributed-lag (ADRL) model.
Findings: Results show that investor sentiments explain both Islamic and conventional equity indices. Further, it could also be concluded from the results that Islamic-equity-indices don’t behave differently as compared to conventional-equity-indices.
Originality: This study adds in literature, based on the empirical findings, that on the Islamic and conventional equity-sentiment relationship, Sharia screening criteria don’t play any significant role. |
| format | Article |
| id | doaj-art-b9962f3b3925428eb16b4a95ea14e84d |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2023-02-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-b9962f3b3925428eb16b4a95ea14e84d2025-01-03T01:36:14ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092023-02-01101395810.26414/A3410Islamic vs. Conventional Equity Indices and Investor SentimentsUme Habibah0https://orcid.org/0000-0003-0341-1510Suresh Kumar Oad Rajput1https://orcid.org/0000-0003-4443-0750Muhammad Shahid İqbal2https://orcid.org/0000-0001-6164-6559Air University MultanSukkur IBA UniversityUniversity of SargodhaPurpose: This paper aims to empirically investigate the equity-sentiment relationship along with making a comparison between the Islamic equity indices with conventional ones. Methodology: To achieve the research objects, different models are applied including Ordinal Least square, Granger-Causality test, Johansen cointegration, and Autoregressive-distributed-lag (ADRL) model. Findings: Results show that investor sentiments explain both Islamic and conventional equity indices. Further, it could also be concluded from the results that Islamic-equity-indices don’t behave differently as compared to conventional-equity-indices. Originality: This study adds in literature, based on the empirical findings, that on the Islamic and conventional equity-sentiment relationship, Sharia screening criteria don’t play any significant role.https://tujise.org/content/6-issues/20-10-1/3-islamic-vs-conventional-equity-indices-and-investor-sentiments/tujise-a3410.pdfinvestor sentimentsislamic-equity-indicesconventional-equity-indicesjohansen co-integrationand autoregressive-distributed-lag (adrl) model |
| spellingShingle | Ume Habibah Suresh Kumar Oad Rajput Muhammad Shahid İqbal Islamic vs. Conventional Equity Indices and Investor Sentiments Türkiye İslam İktisadı Dergisi investor sentiments islamic-equity-indices conventional-equity-indices johansen co-integration and autoregressive-distributed-lag (adrl) model |
| title | Islamic vs. Conventional Equity Indices and Investor Sentiments |
| title_full | Islamic vs. Conventional Equity Indices and Investor Sentiments |
| title_fullStr | Islamic vs. Conventional Equity Indices and Investor Sentiments |
| title_full_unstemmed | Islamic vs. Conventional Equity Indices and Investor Sentiments |
| title_short | Islamic vs. Conventional Equity Indices and Investor Sentiments |
| title_sort | islamic vs conventional equity indices and investor sentiments |
| topic | investor sentiments islamic-equity-indices conventional-equity-indices johansen co-integration and autoregressive-distributed-lag (adrl) model |
| url | https://tujise.org/content/6-issues/20-10-1/3-islamic-vs-conventional-equity-indices-and-investor-sentiments/tujise-a3410.pdf |
| work_keys_str_mv | AT umehabibah islamicvsconventionalequityindicesandinvestorsentiments AT sureshkumaroadrajput islamicvsconventionalequityindicesandinvestorsentiments AT muhammadshahidiqbal islamicvsconventionalequityindicesandinvestorsentiments |