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Conventional REITs, Islamic REITs and macroeconomic variables in Malaysia : a review
المؤلفون المشاركون
Saqr, Mohd Adil Abd
Abu Sujak, Zahidah
Qamar al-Zaman, Nur al-Din
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 12، العدد 1 (30 إبريل/نيسان 2020)، ص ص. 131-143، 13ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2020-04-30
دولة النشر
ماليزيا
عدد الصفحات
13
التخصصات الرئيسية
الملخص EN
Purpose – The purpose of this paper is to empirically examine the return and dividend characteristics of two different types of Malaysian real estate investment trust (REIT) series, namely, conventional and Islamic, against macroeconomic variables over the period 2011-2017.
Design/methodology/approach – The required data are derived from Datastream database.
Multiple regression analysis is used to determine the impact of macroeconomic variables on financial performance of 13 Malaysian REIT series.
Findings – Results show that the macroeconomic variables are able to predict future returns and dividends of Malaysian REITs.
The analysis also suggests that Islamic REITs are seen to be less sensitive to macroeconomic variables and display better portfolio diversification benefits as compared to their conventional counterpart.
The ongoing implications for large-cap and small-cap REITs are also highlighted.
Research limitations/implications – The main limitation of the study is the small percentage of Islamic REITs sample due to limited period of observation available.
However, the two Islamic REITs included are representative of Islamic REITs in Malaysia as both of them are listed in the Bursa Malaysia with asset size and market capitalization values more than RM1bn.
Practical implications – The results of this study may serve as a useful input for financial market players on making strategic business decisions especially with regards to differences between conventional and Islamic REITs characteristics.
Originality/value – The main contribution of this paper is to explore the relationship between REITs and macroeconomic factors on a unique capital market (Malaysia) that allows comparison between conventional and its Islamic counterpart.-
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Saqr, Mohd Adil Abd& Abu Sujak, Zahidah& Qamar al-Zaman, Nur al-Din. 2020. Conventional REITs, Islamic REITs and macroeconomic variables in Malaysia : a review. ISRA International Journal of Islamic Finance،Vol. 12, no. 1, pp.131-143.
https://search.emarefa.net/detail/BIM-1429331
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Saqr, Mohd Adil Abd…[et al.]. Conventional REITs, Islamic REITs and macroeconomic variables in Malaysia : a review. ISRA International Journal of Islamic Finance Vol. 12, no. 1 (2020), pp.131-143.
https://search.emarefa.net/detail/BIM-1429331
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Saqr, Mohd Adil Abd& Abu Sujak, Zahidah& Qamar al-Zaman, Nur al-Din. Conventional REITs, Islamic REITs and macroeconomic variables in Malaysia : a review. ISRA International Journal of Islamic Finance. 2020. Vol. 12, no. 1, pp.131-143.
https://search.emarefa.net/detail/BIM-1429331
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 140-143
رقم السجل
BIM-1429331
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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