The impact of subprime crisis on Asia-Pacific Islamic stock markets

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dc.contributor.authorZhang Ali Hengchao
dc.contributor.authorZarinah Hamid
dc.date.accessioned2024-08-23T01:41:01Z
dc.date.available2024-08-23T01:41:01Z
dc.date.issued2015
dc.description.abstractThe 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.en_US
dc.identifier.citationZhang, A. H., & Hamid, Z. (2015). The impact of subprime crisis on Asia-Pacific Islamic stock markets. Journal of Asia-Pacific Business, 16(2), 105-127. https://doi.org/10.1080/10599231.2015.1028304
dc.identifier.doihttps://doi.org/10.1080/10599231.2015.1028304
dc.identifier.issn1059-9231
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/4091
dc.languageEnglish
dc.language.isoengen_US
dc.publisherTaylor & Francisen_US
dc.rights2015. Taylor & Francis
dc.sourceSEDONA
dc.subjectU.S. subprime crisisen_US
dc.subjectAsia-Pacific Islamic stock marketsen_US
dc.subjectCointegrationen_US
dc.subjectVECMen_US
dc.subjectGranger causalityen_US
dc.titleThe impact of subprime crisis on Asia-Pacific Islamic stock marketsen_US
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic capital marketsen_US
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