Matches in SemOpenAlex for { <https://semopenalex.org/work/W4386316882> ?p ?o ?g. }
- W4386316882 abstract "Abstract Islamic assets, assets compliant with ethical and religious norms as codified in Sharia law, broaden the investor base. Do such investments contribute to mean-variance efficiency, and if so, how? Using daily data on stock, bond, and money market indices from nine Islamic countries and 37 non-Islamic ones from May 2007 to June 2010, we show that adding Islamic assets to an existing portfolio of conventional (non-Islamic) assets can expand the mean-variance frontier and thereby create additional value through diversification. The “specialness” of Islamic assets comes from a smaller set of common information and a lower degree of cross-market hedging between Islamic and conventional markets. This reduces volatility linkages between Islamic and conventional assets relative to volatility linkages between two conventional assets. Including one Islamic asset lowers volatility linkages by up to 3.16 percentage points after controlling for country-level fixed effects and time-varying characteristics. Low volatility linkages are key to increasing diversification benefits that arise from improvements in the global mean-variance portfolio. Our research contributes to the international business literature by highlighting the potential benefits of bridging religious, ethical, and cultural differences to add new markets to an incomplete international market structure and in so doing increase diversification benefits." @default.
- W4386316882 created "2023-09-01" @default.
- W4386316882 creator A5028916297 @default.
- W4386316882 creator A5059065607 @default.
- W4386316882 creator A5067289983 @default.
- W4386316882 creator A5090451094 @default.
- W4386316882 date "2023-08-31" @default.
- W4386316882 modified "2023-10-15" @default.
- W4386316882 title "Volatility linkages and value gains from diversifying with Islamic assets" @default.
- W4386316882 cites W1576326745 @default.
- W4386316882 cites W1588588285 @default.
- W4386316882 cites W1602644822 @default.
- W4386316882 cites W1605378157 @default.
- W4386316882 cites W1662430348 @default.
- W4386316882 cites W1714793247 @default.
- W4386316882 cites W1972162491 @default.
- W4386316882 cites W1985801767 @default.
- W4386316882 cites W1986094173 @default.
- W4386316882 cites W1996288754 @default.
- W4386316882 cites W1998068604 @default.
- W4386316882 cites W2000158908 @default.
- W4386316882 cites W2004426134 @default.
- W4386316882 cites W2005747551 @default.
- W4386316882 cites W2018364810 @default.
- W4386316882 cites W2027953212 @default.
- W4386316882 cites W2033815796 @default.
- W4386316882 cites W2038834935 @default.
- W4386316882 cites W2040734481 @default.
- W4386316882 cites W2051638064 @default.
- W4386316882 cites W2062843205 @default.
- W4386316882 cites W2078566894 @default.
- W4386316882 cites W2082778664 @default.
- W4386316882 cites W2097930113 @default.
- W4386316882 cites W2106988883 @default.
- W4386316882 cites W2110752212 @default.
- W4386316882 cites W2126359443 @default.
- W4386316882 cites W2127366658 @default.
- W4386316882 cites W2129380428 @default.
- W4386316882 cites W2153827337 @default.
- W4386316882 cites W2158120228 @default.
- W4386316882 cites W2166422272 @default.
- W4386316882 cites W2235009244 @default.
- W4386316882 cites W2466728838 @default.
- W4386316882 cites W2513334386 @default.
- W4386316882 cites W2615698507 @default.
- W4386316882 cites W2752575741 @default.
- W4386316882 cites W2763518237 @default.
- W4386316882 cites W2804036662 @default.
- W4386316882 cites W2898836473 @default.
- W4386316882 cites W2904680858 @default.
- W4386316882 cites W2908469236 @default.
- W4386316882 cites W2948186273 @default.
- W4386316882 cites W2973874934 @default.
- W4386316882 cites W2981891706 @default.
- W4386316882 cites W3023486457 @default.
- W4386316882 cites W3122068384 @default.
- W4386316882 cites W3124218550 @default.
- W4386316882 cites W3124317733 @default.
- W4386316882 cites W3124454571 @default.
- W4386316882 cites W3124527974 @default.
- W4386316882 cites W3125183813 @default.
- W4386316882 cites W3134477045 @default.
- W4386316882 cites W3135241214 @default.
- W4386316882 cites W3193231827 @default.
- W4386316882 cites W3209505966 @default.
- W4386316882 cites W3211505074 @default.
- W4386316882 cites W4236848696 @default.
- W4386316882 cites W4253208548 @default.
- W4386316882 cites W4292491107 @default.
- W4386316882 cites W4294712499 @default.
- W4386316882 doi "https://doi.org/10.1057/s41267-023-00641-y" @default.
- W4386316882 hasPublicationYear "2023" @default.
- W4386316882 type Work @default.
- W4386316882 citedByCount "0" @default.
- W4386316882 crossrefType "journal-article" @default.
- W4386316882 hasAuthorship W4386316882A5028916297 @default.
- W4386316882 hasAuthorship W4386316882A5059065607 @default.
- W4386316882 hasAuthorship W4386316882A5067289983 @default.
- W4386316882 hasAuthorship W4386316882A5090451094 @default.
- W4386316882 hasBestOaLocation W43863168821 @default.
- W4386316882 hasConcept C106159729 @default.
- W4386316882 hasConcept C138885662 @default.
- W4386316882 hasConcept C144133560 @default.
- W4386316882 hasConcept C151730666 @default.
- W4386316882 hasConcept C162324750 @default.
- W4386316882 hasConcept C162853370 @default.
- W4386316882 hasConcept C180916674 @default.
- W4386316882 hasConcept C27206212 @default.
- W4386316882 hasConcept C2780299701 @default.
- W4386316882 hasConcept C2780762169 @default.
- W4386316882 hasConcept C2780821815 @default.
- W4386316882 hasConcept C4445939 @default.
- W4386316882 hasConcept C556758197 @default.
- W4386316882 hasConcept C86803240 @default.
- W4386316882 hasConcept C91602232 @default.
- W4386316882 hasConceptScore W4386316882C106159729 @default.
- W4386316882 hasConceptScore W4386316882C138885662 @default.
- W4386316882 hasConceptScore W4386316882C144133560 @default.
- W4386316882 hasConceptScore W4386316882C151730666 @default.
- W4386316882 hasConceptScore W4386316882C162324750 @default.