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A Comparative Returns Performance Review of Islamic Equity Funds with Socially Responsible Equity Funds and the Broader Market Indices

Author

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  • Syed Kalim Hyder Bukhari

    (University of Leicester, Leicester, UK)

  • Mohammed Azam

    (University of Sheffield, Sheffield, UK)

Abstract

No abstract is available for this item.

Suggested Citation

  • Syed Kalim Hyder Bukhari & Mohammed Azam, 2015. "A Comparative Returns Performance Review of Islamic Equity Funds with Socially Responsible Equity Funds and the Broader Market Indices," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(2), pages 53-75, July-Dec.
    • Handle: RePEc:lje:journl:v:20:y:2015:i:2:p:53-75
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    File URL: http://lahoreschoolofeconomics.edu.pk/EconomicsJournal/Journals/Volume%2020/Issue%202/03%20Bukhari%20and%20Azam%20ED%20AAC.pdf
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    References listed on IDEAS

    as
    1. Keith Cuthbertson & Dirk Nitzsche & Niall O'Sullivan, 2010. "The Market Timing Ability of UK Mutual Funds," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(1-2), pages 270-289.
    2. Andreas G.F. Hoepner & Hussain G. Rammal & Michael Rezec, 2011. "Islamic mutual funds’ financial performance and international investment style: evidence from 20 countries," The European Journal of Finance, Taylor & Francis Journals, vol. 17(9-10), pages 829-850, November.
    3. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    4. Jiang, Wei, 2003. "A nonparametric test of market timing," Journal of Empirical Finance, Elsevier, vol. 10(4), pages 399-425, September.
    5. Kon, Stanley J, 1983. "The Market-Timing Performance of Mutual Fund Managers," The Journal of Business, University of Chicago Press, vol. 56(3), pages 323-347, July.
    6. Renneboog, Luc & Ter Horst, Jenke & Zhang, Chendi, 2008. "The price of ethics and stakeholder governance: The performance of socially responsible mutual funds," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 302-322, June.
    7. Goodhart, C.A.E., 2008. "The regulatory response to the financial crisis," Journal of Financial Stability, Elsevier, vol. 4(4), pages 351-358, December.
    8. Keith Cuthbertson & Dirk Nitzsche & Niall O'Sullivan, 2010. "The Market Timing Ability of UK Mutual Funds," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(1‐2), pages 270-289, January.
    9. Patro, Dilip Kumar, 2001. "Measuring performance of international closed-end funds," Journal of Banking & Finance, Elsevier, vol. 25(9), pages 1741-1767, September.
    10. Hayat, Raphie & Kraeussl, Roman, 2011. "Risk and return characteristics of Islamic equity funds," Emerging Markets Review, Elsevier, vol. 12(2), pages 189-203, June.
    11. Alan Gregory & Julie Whittaker, 2007. "Performance and Performance Persistence of 'Ethical' Unit Trusts in the UK," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(7-8), pages 1327-1344.
    12. Charles A. E. Goodhart, 2008. "The Regulatory Response to the Financial Crisis," CESifo Working Paper Series 2257, CESifo.
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    Cited by:

    1. Al-Awadhi, Abdullah M. & Dempsey, Michael, 2017. "Social norms and market outcomes: The effects of religious beliefs on stock markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 50(C), pages 119-134.
    2. Abdullah M. Al-Awadhi & Ahmad Bash & Ahmad F. Al-Mutairi & Ahmad M. Al-Awadhi, 2018. "Returns of Islamic Stocks in Saudi Arabia: Segmentation and Risk-Aversion," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 238-242.

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    More about this item

    Keywords

    Islamic mutual funds; capital asset pricing model; returns; systematic risk; market volatility;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other

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