Matches in SemOpenAlex for { <https://semopenalex.org/work/W2890828322> ?p ?o ?g. }
- W2890828322 endingPage "114" @default.
- W2890828322 startingPage "96" @default.
- W2890828322 abstract "Purpose This study aims to analyze the presence of a long-term relationship between precious metal prices, such as for gold, silver, platinum and palladium, and Islamic stock markets of 32 different countries – 21 developed and 11 developing. In this study, the long-term relationship between the precious metal prices and the Islamic stock markets of countries grouped by the Morgan Stanley Capital Index (MSCI) according to their level of development was examined. In the economies included in the study, it is necessary that the Islamic stock index be created by MSCI. It is not a constraint as a Muslim country. Design/methodology/approach This study used the Pedroni panel cointegration analysis and full modified ordinary least square method. All analyses in this study were performed using monthly data from 2002 to 2015. Findings According to the Pedroni panel cointegration analysis applied in this study, all four precious metals – gold, silver, platinum and palladium – are effective portfolio diversification tools for developed Islamic stock markets within the analyzed period. However, in developing countries, although gold and palladium are effective portfolio diversification tools, silver and platinum are not. Practical implications These results provide practical implications for academicians, practitioners as portfolio managers, policymakers. These implications are related in portfolio risk management, the diversification benefits and to propose new investment tools among developed and developing Islamic markets. Social implications This study is important for investors who assemble portfolios under the restriction of selecting investment tools suitable for Islamic rules. These investors are important in terms of using precious metals that they prefer as an alternative to stock markets to protect against the risks related to their suitable portfolio options. Governments, individuals and institutional investors that use capital stock according to Islamic rules in developed countries can effectively use gold, silver, platinum and palladium as hedging tools. However, this choice is limited to only gold and palladium in developing country markets. Gold continues to be an effective diversification tool in Islamic share markets, as in traditional stock markets. Originality/value The author would like to emphasize that this article is second to examine precious metals and Islamic stock markets in literature." @default.
- W2890828322 created "2018-09-27" @default.
- W2890828322 creator A5081395285 @default.
- W2890828322 date "2019-03-04" @default.
- W2890828322 modified "2023-09-26" @default.
- W2890828322 title "Interaction between precious metals price and Islamic stock markets" @default.
- W2890828322 cites W1671350945 @default.
- W2890828322 cites W1824628188 @default.
- W2890828322 cites W1978775682 @default.
- W2890828322 cites W1984139909 @default.
- W2890828322 cites W1984461651 @default.
- W2890828322 cites W1991927132 @default.
- W2890828322 cites W1993641838 @default.
- W2890828322 cites W1994616534 @default.
- W2890828322 cites W1995562606 @default.
- W2890828322 cites W2015946628 @default.
- W2890828322 cites W2031412503 @default.
- W2890828322 cites W2039734130 @default.
- W2890828322 cites W2060102610 @default.
- W2890828322 cites W2062572522 @default.
- W2890828322 cites W2065589331 @default.
- W2890828322 cites W2069860769 @default.
- W2890828322 cites W2070338492 @default.
- W2890828322 cites W2084330089 @default.
- W2890828322 cites W2092817168 @default.
- W2890828322 cites W2098092803 @default.
- W2890828322 cites W2111621609 @default.
- W2890828322 cites W2113017913 @default.
- W2890828322 cites W2117513178 @default.
- W2890828322 cites W2124148536 @default.
- W2890828322 cites W2127225860 @default.
- W2890828322 cites W2145949404 @default.
- W2890828322 cites W2174902100 @default.
- W2890828322 cites W2466157895 @default.
- W2890828322 cites W2528289117 @default.
- W2890828322 cites W2625307600 @default.
- W2890828322 cites W3121940608 @default.
- W2890828322 cites W3122493854 @default.
- W2890828322 cites W3123598957 @default.
- W2890828322 cites W3125177010 @default.
- W2890828322 cites W745024300 @default.
- W2890828322 doi "https://doi.org/10.1108/imefm-06-2017-0143" @default.
- W2890828322 hasPublicationYear "2019" @default.
- W2890828322 type Work @default.
- W2890828322 sameAs 2890828322 @default.
- W2890828322 citedByCount "18" @default.
- W2890828322 countsByYear W28908283222019 @default.
- W2890828322 countsByYear W28908283222020 @default.
- W2890828322 countsByYear W28908283222021 @default.
- W2890828322 countsByYear W28908283222022 @default.
- W2890828322 countsByYear W28908283222023 @default.
- W2890828322 crossrefType "journal-article" @default.
- W2890828322 hasAuthorship W2890828322A5081395285 @default.
- W2890828322 hasConcept C106159729 @default.
- W2890828322 hasConcept C127413603 @default.
- W2890828322 hasConcept C138885662 @default.
- W2890828322 hasConcept C144133560 @default.
- W2890828322 hasConcept C145162277 @default.
- W2890828322 hasConcept C149782125 @default.
- W2890828322 hasConcept C162324750 @default.
- W2890828322 hasConcept C162853370 @default.
- W2890828322 hasConcept C178790620 @default.
- W2890828322 hasConcept C180916674 @default.
- W2890828322 hasConcept C185592680 @default.
- W2890828322 hasConcept C204036174 @default.
- W2890828322 hasConcept C27206212 @default.
- W2890828322 hasConcept C2778146478 @default.
- W2890828322 hasConcept C2780821815 @default.
- W2890828322 hasConcept C4445939 @default.
- W2890828322 hasConcept C544153396 @default.
- W2890828322 hasConcept C556758197 @default.
- W2890828322 hasConcept C78519656 @default.
- W2890828322 hasConceptScore W2890828322C106159729 @default.
- W2890828322 hasConceptScore W2890828322C127413603 @default.
- W2890828322 hasConceptScore W2890828322C138885662 @default.
- W2890828322 hasConceptScore W2890828322C144133560 @default.
- W2890828322 hasConceptScore W2890828322C145162277 @default.
- W2890828322 hasConceptScore W2890828322C149782125 @default.
- W2890828322 hasConceptScore W2890828322C162324750 @default.
- W2890828322 hasConceptScore W2890828322C162853370 @default.
- W2890828322 hasConceptScore W2890828322C178790620 @default.
- W2890828322 hasConceptScore W2890828322C180916674 @default.
- W2890828322 hasConceptScore W2890828322C185592680 @default.
- W2890828322 hasConceptScore W2890828322C204036174 @default.
- W2890828322 hasConceptScore W2890828322C27206212 @default.
- W2890828322 hasConceptScore W2890828322C2778146478 @default.
- W2890828322 hasConceptScore W2890828322C2780821815 @default.
- W2890828322 hasConceptScore W2890828322C4445939 @default.
- W2890828322 hasConceptScore W2890828322C544153396 @default.
- W2890828322 hasConceptScore W2890828322C556758197 @default.
- W2890828322 hasConceptScore W2890828322C78519656 @default.
- W2890828322 hasIssue "1" @default.
- W2890828322 hasLocation W28908283221 @default.
- W2890828322 hasOpenAccess W2890828322 @default.
- W2890828322 hasPrimaryLocation W28908283221 @default.
- W2890828322 hasRelatedWork W1982229833 @default.
- W2890828322 hasRelatedWork W2045476301 @default.
- W2890828322 hasRelatedWork W2048579339 @default.