Rashid, Abdul and Ahmad, Shabbir (2008): Badla Financing, Stock Returns and Volatility: The Case Study of Karachi Stock Exchange. Published in: The Empirical Economics Letters , Vol. 7, No. 7 (17 June 2008): pp. 733-740.
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Abstract
Using badla financing as a measure of leverage we examine both temporal and contemporaneous links among badla financing, stock returns and market volatility. We find that the market volatility is significantly and positively related to the change in badla financing and to past market returns. We also observe a significantly positive temporal causation between prior market returns and both badla financing as well as stock price volatility.
Item Type: | MPRA Paper |
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Original Title: | Badla Financing, Stock Returns and Volatility: The Case Study of Karachi Stock Exchange |
English Title: | Badla Financing, Stock Returns and Volatility: The Case Study of Karachi Stock Exchange |
Language: | English |
Keywords: | Badla Financing, Stock Returns, Market Volatility, Call Money Rate, Exchange Rate |
Subjects: | G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency ; Event Studies ; Insider Trading |
Item ID: | 30487 |
Depositing User: | Dr Abdul Rashid |
Date Deposited: | 07 Sep 2013 10:50 |
Last Modified: | 27 Sep 2019 16:45 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/30487 |