Hedging effectiveness of Islamic single stock futures in bursa Malaysia
Other Title(s)
فاعلية التحوط لمستقبليات السهم الواحد الإسلامية في بورصة ماليزيا
Joint Authors
Source
Recherches Économiques et Managériales
Issue
Vol. 13, Issue 26 (31 Dec. 2019), pp.1-18, 18 p.
Publisher
Publication Date
2019-12-31
Country of Publication
Algeria
No. of Pages
18
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
The main aim of this study is to investigate the hedging effectiveness of Islamic Single Stock Futures as Shariah-compliant instruments in Bursa Malaysia.
We use two hedge ratio estimation methods: vector autoregressive model and Vector Error Correction Model by employing the daily end prices of Islamic SSFs and their spot prices for the period 31 May 2017 to 30 August 2018.
The results showed that the Islamic Single Stock Futures have a low hedging ratio of 06% to 19% and SSFs aren't effective tools for hedging risk.
American Psychological Association (APA)
Buaqaz, Nawal& Douadi, Mahidi. 2019. Hedging effectiveness of Islamic single stock futures in bursa Malaysia. Recherches Économiques et Managériales،Vol. 13, no. 26, pp.1-18.
https://search.emarefa.net/detail/BIM-1024531
Modern Language Association (MLA)
Buaqaz, Nawal& Douadi, Mahidi. Hedging effectiveness of Islamic single stock futures in bursa Malaysia. Recherches Économiques et Managériales Vol. 13, no. 26 (2019), pp.1-18.
https://search.emarefa.net/detail/BIM-1024531
American Medical Association (AMA)
Buaqaz, Nawal& Douadi, Mahidi. Hedging effectiveness of Islamic single stock futures in bursa Malaysia. Recherches Économiques et Managériales. 2019. Vol. 13, no. 26, pp.1-18.
https://search.emarefa.net/detail/BIM-1024531
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 17-18
Record ID
BIM-1024531
