Template-Type: ReDIF-Article 1.0 
Author-Name: Afees A. Salisu
Author-Name: Abdulsalam Abidemi Sikiru
Author-Email:  aa.salisu@cear.org.ng
Author-Workplace-Name:  Centre for Econometric & Allied Research, University of Ibadan, Nigeria
Title: Pandemics and the Asia-Pacific Islamic Stocks
Abstract:  In this paper, we examine the potential of the Asia-Pacific Islamic stock market to serve as a good hedge against uncertainty due to pandemics and epidemics (UPE). Relying on a new dataset for UPE, we find evidence in favour of the hedging potential of the Asia-Pacific Islamic stocks against UPE albeit with lower hedging effectiveness during the COVID-19 pandemic. Further, results show improved out-of-sample forecasts of stock returns when using the UPE predictor.
Classification-JEL:  G15,G17,I1
Keywords:  islamic stocks,conventional stocks,pandemics,hedging,predictability
Journal:  Asian Economics Letters
Pages: 1-5
Volume: 1
Issue: 1
Year:  2021
DOI:  2021/06/27
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/17413-pandemics-and-the-asia-pacific-islamic-stocks.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:8