WHICH COMMODITY GROUP IS THE SAFE HAVEN FOR ISLAMIC STOCK MARKETS?

Tuna, Gülfen; Vedat Ender Tuna

dc.contributor.authors	Tuna, G; Tuna, VE;
dc.date.accessioned	2020-02-25T07:59:05Z
dc.date.available	2020-02-25T07:59:05Z
dc.date.issued	2019
dc.identifier.citation	Tuna, G; Tuna, VE; (2019). WHICH COMMODITY GROUP IS THE SAFE HAVEN FOR ISLAMIC STOCK MARKETS?. INTERNATIONAL JOURNAL OF ECONOMICS MANAGEMENT AND ACCOUNTING, 27, 267-253
dc.identifier.issn	1394-7680
dc.identifier.uri	https://hdl.handle.net/20.500.12619/45462
dc.description.abstract	This study analyzes which commodity group has hedging or safe haven characteristics for the Islamic Stock Markets. The spot prices of the S&P GSCI; Industrial Metals, Energy, Precious Metals, Agriculture, and Softs indices were used for the commodity groups analyzed in the study. The research was conducted with 2477 daily data set between March 31st, 2008 and March 29th, 2018 using the Baur and McDermott (2010) model. According to the findings, all commodity groups are safe havens for Islamic Stock Markets. Only the precious metals, however, have both safe haven and risk aversion characteristics. According to these obtained results, both theoreticians and practitioners may develop new investment strategies. In addition, they may offer new investment funds that can be pooled by including the commodities analyzed within the study in different weights.
dc.language	English
dc.publisher	IIUM PRESS
dc.subject	Business & Economics
dc.title	WHICH COMMODITY GROUP IS THE SAFE HAVEN FOR ISLAMIC STOCK MARKETS?
dc.type	Article
dc.identifier.volume	27
dc.identifier.startpage	253
dc.identifier.endpage	267
dc.contributor.department	Sakarya Üniversitesi/İşletme Fakültesi/İşletme Bölümü
dc.contributor.saüauthor	Tuna, Gülfen
dc.relation.journal	INTERNATIONAL JOURNAL OF ECONOMICS MANAGEMENT AND ACCOUNTING
dc.identifier.wos	WOS:000505064000001
dc.contributor.author	Tuna, Gülfen
dc.contributor.author	Vedat Ender Tuna