scholarly journals Short-Term Momentum Effect: a Case of Middle East Stock Markets

2015 ◽  
Vol 16 (1) ◽  
pp. 104-112 ◽  
Author(s):  
Abdullah Ejaz ◽  
Petr Polak
Keyword(s):  
Middle East ◽  
Stock Markets ◽  
Middle Eastern ◽  
Future Research ◽  
Momentum Effect ◽  
Short Term ◽  
Portfolio Returns ◽  
Momentum Profits ◽  
Capm Model

The objective of this paper is to find short-term momentum effect in stock markets of the Middle East and to examine whether short-term momentum profits can be explained by risk-based CAPM model. Seven major stock markets from the Middle East were selected. Short-term momentum effect was found in all seven stock markets and CAPM does not adequately explain the short-term momentum profits but momentum portfolio returns are statistically significant. This paper is first attempt to bring major stock markets of the Middle East together and examine them for the short term momentum effect phenomenon. Future research should include more stock markets in order to have a better understanding of Middle Eastern stock markets.

scholarly journals Short term momentum profits and their source: a business indicators’ approach

2013 ◽  
Vol 59 (No. 12) ◽  
pp. 563-577
Author(s):  
A. Ejaz ◽  
P. Polak
Keyword(s):  
Stock Markets ◽  
Primary Objective ◽  
Future Research ◽  
Momentum Effect ◽  
Short Term ◽  
Momentum Profits ◽  
The Future ◽  
Secondary Objective ◽  
Number Of Authors ◽  
Starting A Business

The main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the notion that CAPM cannot explain the momentum profits supported by a large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of “Business Indicators”, to explain the momentum profits. It is found that a variable “Starting a Business” could explain the source of the momentum profits whereas other variables may have a negligible or no influence over the momentum profits. It is also reaffirmed that a short term momentum effect has been found in 14 stock markets and the CAPM could not explain the momentum profits. This study is not conclusive due to the limitation of data but it does give a source of the momentum profits and it sheds light on the future research about the sources that can explain momentum profits in a great detail.

Banking service quality in the Middle Eastern countries

2014 ◽  
Vol 32 (7) ◽  
pp. 688-700 ◽  
Author(s):  
Akram Mahmoud Al-jazzazi ◽  
Parves Sultan
Keyword(s):  
Middle East ◽  
Empirical Data ◽  
Middle Eastern ◽  
Future Research ◽  
Islamic Banking ◽  
Research Directions ◽  
Content Type ◽  
Banking Service ◽  
Future Research Directions ◽  
Research Questions

Purpose – The purpose of this paper is to review some of the key studies that are published in the last three decades on banking service quality with particular attention to the Middle Eastern countries, and provide some future research directions. Design/methodology/approach – Literature review. Findings – The review generated 11 research questions related to Islamic and conventional banking services in the Middle Eastern countries. Research limitations/implications – This paper reviews leading, current studies on conventional and Islamic banking in the Middle East, and provides future research directions for scholars and practitioners alike. Future research should address each of the research questions as identified in this paper with empirical data/evidence. Practical implications – This paper reviews leading, current studies on conventional and Islamic banking in the Middle East and provides future directions of research for scholars and practitioners alike. Future research should address each of the research questions the authors identify with empirical data and scientific evidence. Originality/value – This paper would be useful for guiding the development and resolution of researchers’ and practitioners’ research questions and could help to strengthen the banking industry in Middle Eastern countries.

Market States and Momentum: Evidence from the Dhaka Stock Exchange

2017 ◽  
Vol 20 (02) ◽  
pp. 1750011 ◽  
Author(s):  
Mostafa Saidur Rahim Khan
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Market Performance ◽  
Regression Coefficients ◽  
Nonlinear Relationship ◽  
Momentum Effect ◽  
Short Term ◽  
Momentum Profits

This study examines the momentum effect in the Dhaka Stock Exchange (DSE) listed stock returns on the basis of market states. Momentum profits are found to be significantly positive in UP market states but insignificant in DOWN market states. Momentum profits evident in UP market states are also found to revert in the long term. The evidence of short term momentum and long term reversal hold true even after adjusting for risks. In addition to short-term momentum and long-term reversal, regression coefficients also provide evidence for a positive but nonlinear relationship between momentum profits and market states. Maximum momentum profits are found at the median market performance not at the peak. Findings of this study suggest that investors’ overreaction causes momentum profits in the DSE.

scholarly journals Momentum Effect in Developed and Emerging Stock Markets

2020 ◽  
Vol 2 (2) ◽  
pp. 1-1
Author(s):  
Zulfiqar Ali Imran ◽  
Woei-Chyuan Wong ◽  
Rusmawati Ismail
Keyword(s):  
Stock Markets ◽  
Efficient Market Hypothesis ◽  
Investment Strategy ◽  
Investment Strategies ◽  
Momentum Effect ◽  
Short Term ◽  
Emerging Stock Markets ◽  
Contradictory Finding ◽  
Momentum Investing ◽  
Abnormal Profits

The study aims to reaffirms the existence of short-term momentum effect in 13 developed and emerging stock markets where previous literature has lack of consensus. Although many studies emphasis on the existence of momentum effect, but still, there are substantial number of researchers that deny the its presence. The contradictory finding of many researchers over the existence of momentum effect, raises a serious question, to what extend our stock markets are informationally efficient and whether investor can make abnormal profits by using momentum investment strategies. This study applies momentum investment strategy, J6K6, to calculate momentum returns. Our study finds negative significant momentum effect in all 13 stock markets. Although momentum effect is present in 13 countries but Investors are not able to attain abnormal profit through momentum investing. These findings have an utmost importance for practitioners that they should not adopt momentum investment strategies in these countries as these strategies are generating lose. Moreover, stock market regulators should formulate these markets on the notion of efficient market hypothesis.

Welfare States in the Middle East

2020 ◽  
Author(s):  
Ferdinand Eibl
Keyword(s):  
Middle East ◽  
North Africa ◽  
Final Section ◽  
Middle Eastern ◽  
Welfare States ◽  
Future Research ◽  
Welfare Regimes ◽  
Welfare Provision ◽  
Different Types ◽  
Welfare Generosity

The chapter analyzes the origins and development of welfare provision in the Middle East and North Africa (MENA). It provides a three-pronged typology of existing welfare regimes in the region along the dimensions of welfare generosity and accessibility. This is followed by a historical institutionalist account of the emergence of Middle Eastern welfare states, which emphasizes the importance of different types of coalitions formed at the critical juncture of regime formation. The chapter then hones in on three major areas of social policy (education, health, and social security) and outlines their development over time. The final section analyzes the effect of war-making on welfare provision in MENA and introduces the concept of “cheap social policies,” using Egypt as an example. The conclusion summarizes the main points and adumbrates future research agendas.

Human Resource Management in the Middle East

2021 ◽  
pp. 326-343
Author(s):  
Washika Haak-Saheem ◽  
Tamer K. Darwish
Keyword(s):  
Resource Management ◽  
Middle East ◽  
Human Resource Management ◽  
Human Resource ◽  
Cultural Context ◽  
Middle Eastern ◽  
Theory And Practice ◽  
Future Research ◽  
Economic Significance ◽  
Do So

This chapter focuses on human resource management (HRM) in the Middle East and provides a review of the myriad lists of terms and geographies that have been used to describe the region. Although the Middle East context enjoys great geographical and economic significance, coupled with a unique institutional setup, there is limited literature on HRM relevant to this region. Hence, we seek to explore the importance of the Middle East’s unique institutional and cultural context for HRM and its implications for theory and practice. To do so, we first examine the relative impact of context on HRM in general before looking at several specific examples of some of the Middle Eastern countries. This chapter concludes with a number of important areas for future research.

The Effect of the Political Situation in the City of Jerusalem on the Rights of the Jerusalem Women

1970 ◽  
pp. 36-47
Author(s):  
Fadwa Al-Labadi
Keyword(s):  
Middle East ◽  
Middle Eastern ◽  
Colonial Period ◽  
Sexual Life ◽  
Family Status ◽  
Colonial Legacy ◽  
Legal Principle ◽  
The Social ◽  
The City ◽  
Legislative Processes

The concept of citizenship was introduced to the Arab and Islamic region duringthe colonial period. The law of citizenship, like all other laws and regulations inthe Middle East, was influenced by the colonial legacy that impacted the tribal and paternalistic systems in all aspects of life. In addition to the colonial legacy, most constitutions in the Middle East draw on the Islamic shari’a (law) as a major source of legislation, which in turn enhances the paternalistic system in the social sector in all its dimensions, as manifested in many individual laws and the legislative processes with respect to family status issues. Family is considered the nucleus of society in most Middle Eastern countries, and this is specifically reflected in the personal status codes. In the name of this legal principle, women’s submission is being entrenched, along with censorship over her body, control of her reproductive role, sexual life, and fertility.

Akulturasi Budaya pada Ornamen Eksterior Masjid Agung Jawa Tengah: Analisis Semiotik

Metahumaniora ◽  
2017 ◽  
Vol 7 (2) ◽  
pp. 40
Author(s):  
Panji Maulani
Keyword(s):  
Middle East ◽  
Middle Eastern ◽  
Field Research ◽  
Research Process ◽  
Analytic Method ◽  
Important Thing ◽  
Eastern Culture ◽  
Observational Measures ◽  
Central Java ◽  
Library Research

ABSTRAKProses penelitian ini dilakukan dengan melakukan penelitian lapangan danpenelitian kepustakaan. Analisis mendalam terkait akulturasi budaya pada arsitektur MasjidAgung Jawa Tengah didapat melalui penggunaan metode deskriptif-analitik dengan langkahlangkahobservatif. Langkah-langkah tersebut disesuaikan dengan sumber terkait, sehinggadata pada objek penelitian dapat dideskripsikan serta dianalisis dengan pendekatan budayadan arsitektur. Penelitian ini menjadi penting untuk dilakukan karena Masjid Agung JawaTengah memiliki ornamen eksterior yang sangat khas, berbeda dengan ornamen masjidraya-masjid raya lain di Indonesia, yang umumnya memiliki ornamen eksterior yang hanyaberakulturasi dengan budaya Timur Tengah. Pada Masjid Agung Jawa Tengah kita dapatmerasakan suasana seperti di masjid Nabawi dan suasana Colloseum di zaman Romawi.Terdapat 6 buah payung hidrolik seperti di masjid Nabawi dan gerbang Al-Qanathir yangmenyerupai Colloseum pada pelataran masjid akibat pembangunan Masjid Agung JawaTengah menggunakan paduan tiga unsur budaya: Jawa, Timur Tengah, dan Romawi.Kata kunci: akulturasi, ornamen, masjid agung, Jawa TengahABTRACTThe research process was conducted by field research and library research. Depthanalysis related to acculturation on the architecture of the Central Java Great Mosque obtainedusing descriptive-analytic method with observational measures. The steps are adapted to thecorresponding source, so that data on the research object can be described and analyzed withcultural and architectural approach. This research becomes important thing to do because ofthe Great Mosque of Central Java has a very distinctive exterior ornament, in contrast to theother great mosques in Indonesia, whose the exterior ornament is generally only acculturatedwith Middle Eastern culture. In Central Java Great Mosque we can feel the atmosphere likeat the Nabawi Mosque and the atmosphere of the Colosseum in Roman times. There are sixpieces of hydraulic umbrella like in Nabawi Mosque and Al-Qanathir gate that resembles theColosseum in the courtyard of the mosque as the result of the construction of the Central JavaGreat Mosque using a combination of three elements of culture: Java, Middle East, and Roman.Keywords: acculturation, ornament, grand mosque, Central Java

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