Assessing The Asymmetric Impact Of Oil Price On Islamic Stocks In Malaysia: New Evidence From Non-Linear Ardl

• Main Author: Ramez Abubakr Badeeb, Hooi Hooi Lean
• Language: English
• Published: Universiti Sains Islam Malaysia 2017
• Subjects: Keywords: Islamic stocks, oil price, non-linear ARDL
• Online Access: http://ddms.usim.edu.my:80/jspui/handle/123456789/14854

Abstract This paper examines the asymmetric impact of oil price on Malaysia Islamic stocks. Using non-linear ADRL cointegration methodology, the paper finds evidence suggesting that ignoring the intrinsic nonlinearities may lead to misleading inference. In particular, the results reveal significa...