EconPapers    
Economics at your fingertips  
 

Pandemics and the Asia-Pacific Islamic Stocks

Afees Salisu and Sikiru Abdulsalam

Asian Economics Letters, 2021, vol. 1, issue 1, 1-5

Abstract: In this paper, we examine the potential of the Asia-Pacific Islamic stock market to serve as a good hedge against uncertainty due to pandemics and epidemics (UPE). Relying on a new dataset for UPE, we find evidence in favour of the hedging potential of the Asia-Pacific Islamic stocks against UPE albeit with lower hedging effectiveness during the COVID-19 pandemic. Further, results show improved out-of-sample forecasts of stock returns when using the UPE predictor.

Keywords: islamic stocks; conventional stocks; pandemics; hedging; predictability (search for similar items in EconPapers)
JEL-codes: G15 G17 I1 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://a-e-l.scholasticahq.com/api/v1/articles/17 ... c-islamic-stocks.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:8

Access Statistics for this article

Asian Economics Letters is currently edited by Chun-Ping Chang (Shih Chien University, Taiwan) and Professor Chien-Chiang Lee (Nanchang University, China)

More articles in Asian Economics Letters from Asia-Pacific Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Asia-Pacific Applied Economics Association ().

 
Page updated 2025-01-21
Handle: RePEc:ayb:jrnael:8