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The non-parametric frontier approach, Data Envelopment Analysis (DEA) is employed to investigate the efficiency of banking stocks which are traded on the Kuala Lumpur Stock Exchange (KLSE). Unlike the earlier studies which use balance sheet and income statements data, the paper uses market data...
Persistent link: https://www.econbiz.de/10011157001
the case of Malaysia. Although there are numerous studies investigating relationship between conventional stock market and … paper examines the long-term equilibrium relationships between FTSE Bursa Malaysia Emas Shariah Index as a proxy for Islamic … influences on Islamic stock market in Malaysia. These findings have policy Implications in that controlling the macroeconomic …
Persistent link: https://www.econbiz.de/10011109373
This study examines that out of monetary shocks (ΔM2) and real shocks in share prices (ΔYt-k), which one or both really explain share prices of Karachi stock exchange 100 index. The time series econometrics is used to investigate the data for the monthly period of January 1991 to January 2011...
Persistent link: https://www.econbiz.de/10009369607
This paper examines for the first time the relationship between China banks’ efficiency and its share price performance. Our analysis consists of three parts. First, we calculate the annual share price returns of the banks for each year between 1997 and 2006. Then we employ Data Envelopment...
Persistent link: https://www.econbiz.de/10005787004
It has been an important issue to analyze the possible impact of macroeconomic effects, such as: exchange rate or interest rate, on the commodity prices since 1970s because of the tremendous volatility of commodity prices on the US. Thereafter, there are a lot of literature in agricultural...
Persistent link: https://www.econbiz.de/10009644154
The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected sets of webs. The risk scalar has been presented both for each separated subsidiary as well as for the group itself. It was shown the risk profile of the group could be...
Persistent link: https://www.econbiz.de/10009325682
Purpose: Mergers and acquisitions (M&A) have become a popular vehicle for domestic as well as international companies to rapidly access new markets, assets and capabilities. This motivates us to study the impact of open offers on shareholders returns in the Indian context....
Persistent link: https://www.econbiz.de/10011107682
Purpose: It is worth mentioning that mergers and acquisitions (M&As) have become a popular vehicle for emerging-markets firms to rapidly access new opportunities and market capabilities. Indeed, privatization and multi-nationalization have given a greater shore up in raising global and domestic...
Persistent link: https://www.econbiz.de/10011108123
This paper analyzes the response of the stock market returns to monetary policy decisions by the Central Bank of Chile. It adopts the event-study methodology in order to gauge the influence of anticipated and unanticipated changes in the Chilean monetary policy interest rate (TPM), decided in...
Persistent link: https://www.econbiz.de/10011108637
Many interdisciplinary studies of the 2007–2008 global financial crisis examine the causes of crisis, corporate governance and firm value, stock market efficiency, new firm registration, macroeconomic performance, and compare this crisis to previous crises. However, we do not find conceptual...
Persistent link: https://www.econbiz.de/10011111203