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The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad

This study investigates the relationship between fund Hows and returns in the Malaysian stock market. Both the feedback-trading hypothesis, which states that past returns affect flows, and the information contribution hypothesis, which states that flows affect returns are tested. The result suggests...

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Main Author: Ahmad, Zakarya
Format: Research Reports
Language:English
Published: Research Management Institude 2005
Subjects:
Finance, Islamic
Online Access:http://ir.uitm.edu.my/id/eprint/26857/1/LP_ZAKARYA%20AHMAD%20RMI%20K%2005_5.pdf
http://ir.uitm.edu.my/id/eprint/26857/
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spelling my.uitm.ir.268572019-12-16T09:17:49Z http://ir.uitm.edu.my/id/eprint/26857/ The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad Ahmad, Zakarya Finance, Islamic This study investigates the relationship between fund Hows and returns in the Malaysian stock market. Both the feedback-trading hypothesis, which states that past returns affect flows, and the information contribution hypothesis, which states that flows affect returns are tested. The result suggests that the direction of causality is from fund Hows to returns and from returns to fund Hows. Therefore, there is a bilateral causality between the two variables. The finding is interesting as it suggests that in the fund Hows determination behavior, the implementation of Gold Dinar will not play a detrimental role as long as the local stock market returns are strong and the overall financial systems are sound for foreign investors Research Management Institude 2005-05 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/26857/1/LP_ZAKARYA%20AHMAD%20RMI%20K%2005_5.pdf Ahmad, Zakarya (2005) The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad. [Research Reports] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Finance, Islamic
spellingShingle Finance, Islamic
Ahmad, Zakarya
The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
description This study investigates the relationship between fund Hows and returns in the Malaysian stock market. Both the feedback-trading hypothesis, which states that past returns affect flows, and the information contribution hypothesis, which states that flows affect returns are tested. The result suggests that the direction of causality is from fund Hows to returns and from returns to fund Hows. Therefore, there is a bilateral causality between the two variables. The finding is interesting as it suggests that in the fund Hows determination behavior, the implementation of Gold Dinar will not play a detrimental role as long as the local stock market returns are strong and the overall financial systems are sound for foreign investors
format Research Reports
author Ahmad, Zakarya
author_facet Ahmad, Zakarya
author_sort Ahmad, Zakarya
title The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
title_short The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
title_full The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
title_fullStr The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
title_full_unstemmed The use of gold dinar in international finance : A fund flow approach / Zakarya Ahmad
title_sort use of gold dinar in international finance : a fund flow approach / zakarya ahmad
publisher Research Management Institude
publishDate 2005
url http://ir.uitm.edu.my/id/eprint/26857/1/LP_ZAKARYA%20AHMAD%20RMI%20K%2005_5.pdf
http://ir.uitm.edu.my/id/eprint/26857/
_version_ 1685650191723528192
score 13.211869

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