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Are Islamic indices a viable investment avenue? An empirical study of Islamic and conventional indices in India
16 references·5 citing·28 second hop
Are Islamic indices a viable investment avenue? An empirical study of Islamic and conventional indices in India (2020)Are Islamic indices a viable investment a…Performance of global Islamic versus conventional share indices: International evidence (2013)Performance of global Islamic…Matching perception with the reality—Performance of Islamic equity investments (2013)Matching perception with the …Do Islamic stock indexes outperform conventional stock indexes? A stochastic dominance approach (2013)Do Islamic stock indexes outp…Conventional and Islamic stock price performance: An empirical investigation (2013)Conventional and Islamic stoc…How to Rate Management of Investment Funds (2012)How to Rate Management of Inv…Risk and return characteristics of Islamic equity funds (2011)Risk and return characteristi…Islamic mutual funds' financial performance and international investment style : evidence from 20 countries (2011)Islamic mutual funds' financi…Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes (2011)Faith-Based Ethical Investing…Investigation of performance of Malaysian Islamic unit trust funds (2007)Investigation of performance …Ethical Investment Revisited (2005)Ethical Investment RevisitedRisk-Adjusted Performance (1997)Risk-Adjusted PerformanceOn Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Mutual Fund Performance (1966)Mutual Fund PerformanceThe extreme return connectedness between Sukuk and green bonds and their determinants and consequences for investors (2023)The extreme return connectedn…The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk? (2022)The dark side of Bitcoin: Do …Factors enabling pervasiveness of belief and ethics-based marketing practice: an interpretive structural modeling approach (2022)Factors enabling pervasivenes…Performance comparison between Islamic and conventional stocks: evidence from Pakistan's equity market (2021)Performance comparison betwee…Do ‘Shariah’ indices surpass conventional indices? A study on Dhaka Stock Exchange (2020)Do ‘Shariah’ indices surpass …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dynamic dependence of the global Islamic equity index with global conventional equity market indices and risk factors (2014)Islamic financial markets and global crises: Contagion or decoupling? (2016)Risk transmission between Islamic and conventional stock markets: A return and volatility spillover analysis (2017)PORTFOLIO SELECTION* (1952)Rules for Ordering Uncertain Prospects (1969)Emerging new themes in environmental, social and governance investing: a systematic literature review (2019)Sustainable finance and investment: Review and research agenda (2021)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)The Performance of Mutual Funds in the Period 1945-1964 (1968)International evidence on ethical mutual fund performance and investment style (2004)Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-1988 (1993)Returns from Investing in Equity Mutual Funds 1971 to 1991 (1995)An Engine, Not a Camera (2006)Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs (2006)Does the choice of performance measure influence the evaluation of hedge funds? (2007)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1966Mutual Fund Performance3,932 cited
  • 2012How to Rate Management of Investment Funds1,603 cited
  • 1997Risk-Adjusted Performance581 cited
  • 2013Performance of global Islamic versus conventional share indices: International evidence305 cited
  • 2011Risk and return characteristics of Islamic equity funds305 cited
  • 2013Do Islamic stock indexes outperform conventional stock indexes? A stochastic dominance approach295 cited
  • 2011Islamic mutual funds' financial performance and international investment style : evidence from 20 countries275 cited
  • 2007Investigation of performance of Malaysian Islamic unit trust funds274 cited
  • 2013Conventional and Islamic stock price performance: An empirical investigation239 cited
  • 2005Ethical Investment Revisited235 cited
  • 2011Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes157 cited

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  • 2013Matching perception with the reality—Performance of Islamic equity investments145 cited
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    • 2022The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk?66 cited
    • 2023The extreme return connectedness between Sukuk and green bonds and their determinants and consequences for investors39 cited
    • 2020Do ‘Shariah’ indices surpass conventional indices? A study on Dhaka Stock Exchange26 cited
    • 2021Performance comparison between Islamic and conventional stocks: evidence from Pakistan's equity market21 cited
    • 2022Factors enabling pervasiveness of belief and ethics-based marketing practice: an interpretive structural modeling approach6 cited