Nexus Between Sectoral Shift and Stock Return
Author:
Affiliation:
1. Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Kampar, Malaysia
2. DualConcept, Jakarta, Indonesia
3. Department of Business Administration, Shahjalal University of Science and Technology, Bangladesh
Abstract
The objective of this study is to examine the impact of sectoral shift on the stock return of Bangladesh. This study employs auto-regressive distributive lag (ARDL) approach using the weekly data of various sectoral indices of Bangladesh over the period from May 1999 to September 2016. The findings tend to indicate that there has possible sectoral portfolio diversification in the market and ‘general product industry' is the most exogenous and profitable sector from the rest. This study is one of the first attempts of the sectoral analysis and its impact on the stock return with the reference to Bangladesh. Furthermore, this study can be a benchmark for the policymakers of emerging economies to find the impact of economic transformation in the stock returns of the equity markets.
Publisher
IGI Global
Subject
Management of Technology and Innovation,Strategy and Management,Computer Science Applications,Cultural Studies,Business and International Management
Cited by 3 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. IS THE ASSOCIATION BETWEEN FDI AND INFLATION SYMMETRIC OR ASYMMETRIC? EVIDENCE FROM ARDL AND NARDL TECHNIQUES;The Singapore Economic Review;2023-10-11
2. Leverage Structure Dynamics and Firm Value;International Journal of Asian Business and Information Management;2022-09-01
3. Do Determinants Influence the Capital Structure Decision in Bangladesh? A Panel Data Analysis;International Journal of Business and Society;2022-08-08
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