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Democracy and Stock Market Performance in African Countries
Asongu, Simplice - 2014
Purpose – This paper assesses the incidence of political institutions on stock market performance dynamics in Africa ….Design/Methodology/Approach – The estimation technique used is a Two-Stage-Least Squares Instrumental Variable methodology. Channels of democracy … demonstrate that democracy improves investigated stock market performance dynamics.Practical Implications – As a policy …
Persistent link: https://www.econbiz.de/10013047733
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Political regimes and stock market performance in Africa
Asongu, Simplice; Nwachukwu, Jacinta C. - 2016
Instrumental Variable methodology. Political regime channels of democracy, polity and autocracy are instrumented with legal …
Persistent link: https://www.econbiz.de/10011487052
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Democracy and stock market performance in African countries
Asongu, Simplice A. - 2011
Purpose - This paper assesses the incidence of political institutions on stock market performance dynamics in Africa …. Channels of democracy, polity and autocracy are instrumented with legal-origins, religious-legacies, income-levels and press … broadly demonstrate that democracy improves investigated stock market performance dynamics. Practical implications – As a …
Persistent link: https://www.econbiz.de/10011410317
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Government quality determinants of stock market performance in African countries
Asongu, Simplice A. - 2011
How do government policies and institutions affect stock market performance? As stock markets grow broader and deeper in African countries, the question becomes more critical. Government quality dynamics of corruption-control, government-effectiveness, political-stability or no violence, voice &...
Persistent link: https://www.econbiz.de/10011410336
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Government Quality Determinants of Stock Market Performance in African Countries
Asongu, Simplice - 2015
How do government policies and institutions affect stock market performance? As stock markets grow broader and deeper in African countries, the question becomes more critical. Government quality dynamics of corruption-control, government-effectiveness, political-stability or no violence, voice &...
Persistent link: https://www.econbiz.de/10013032598
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African stock market performance dynamics : a multidimensional convergence assessment
Asongu, Simplice A. - 2012
empirical evidence is premised on 11 homogenous panels based on regions (sub-Saharan and North Africa), income-levels (Low …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10011410266
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Calendar anomalies in African stock markets
Ferrouhi, El Mehdi; Kharbouch, Omar; Aguenaou, Samir; … - In: Cogent economics & finance 9 (2021) 1, pp. 1-17
In this paper, we investigate the day of the week and the month of the year effects in African stock markets, both in the Gregorian and the Hijri calendars. Specifically, we investigate Monday effect, Friday effect, January effect and Ramadan effect, from January 2009 to December 2019, using OLS...
Persistent link: https://www.econbiz.de/10013184417
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The adaptive market hypothesis and the day-of-the-week effect in African stock markets : the Markov Switching Model
Obalade, Adefemi Alamu; Muzindutsi, Paul-Francois - In: Comparative economic research : Central and Eastern Europe 22 (2019) 3, pp. 145-162
In line with the Adaptive Market Hypothesis (AMH), the objective of this study is to investigate how the day-of-the-week (DOW) effect behaves under different bull and bear market conditions in African stock markets, and to examine the likelihood of being in a bull or bear regime for each market....
Persistent link: https://www.econbiz.de/10012120266
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How do markets react to political elections during periods of insecurity and governance crises? : evidence from an African emerging democracy
Afego, Pyemo N.; Bala Abdullahi, Dahiru A.; Tijjani, Bashir - In: African journal of economic and management studies 14 (2023) 1, pp. 135-149
Persistent link: https://www.econbiz.de/10014312803
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Democracy and Stock Market Performance in African Countries
Asongu, Simplice A. - 2011
Purpose - This paper assesses the incidence of political institutions on stock market performance dynamics in Africa …. Channels of democracy, polity and autocracy are instrumented with legal-origins, religious-legacies, income-levels and press … broadly demonstrate that democracy improves investigated stock market performance dynamics. Practical implications - As a …
Persistent link: https://www.econbiz.de/10011390782