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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| 語言: | English |
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Research Management Institude
2005
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| 在線閱讀: | 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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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 [Research Reports] (Unpublished) |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 |
13.251813 |