Articles

In search of safe haven assets during COVID-19 pandemic: An empirical analysis of different investor types

Submitted by Munir on Tue, 01/25/2022 - 07:30
This study assesses the role of gold, crude oil and cryptocurrency as a safe haven for traditional, sustainable, and Islamic investors during the COVID-19 pandemic crisis. Using Wavelet coherence analysis and spillover index methodologies in bivariate and multivariate settings, this study examines the correlation of these assets for different investment horizons. The findings suggest that gold, oil and Bitcoin exhibited low coherency with each stock index across almost all considered investment horizons until the onset of the COVID-19.

Entrepreneurship in a transformative and resource-rich state: The case of Qatar

Submitted by Munir on Tue, 01/25/2022 - 07:20
Countries blessed with natural resources have generally struggled to achieve sustainable economic development and prosperity. Population growth, the depletion of natural resources coupled with mismanagement, and sharp fluctuations in prices of those resources are among the main reasons for sub-optimal economic performance. Some resource-rich countries have been expending effort and money in an attempt to change this inverse relationship (a.k.a.

The spillover effects of the COVID-19 pandemic: Which subsectors of tourism have been affected more?

Submitted by Munir on Tue, 01/25/2022 - 07:20
This paper investigates the effects of COVID-19 pandemic-related uncertainty focusing on the US tourism subsectors, including airlines, hotels, restaurants, and travel companies. Using daily stock price data, we compute connectedness indices that quantify the financial distress in the tourism and hospitality industry and link these indices with a measure of COVID-19-induced uncertainty. Our empirical results show that some subsectors of tourism are affected more than others.

Major Shareholders' trust and market risk: Substituting weak institutions with trust

Submitted by Munir on Tue, 01/25/2022 - 07:20
This study examines the impact of foreign controlling shareholder trust on firm market risk using two measures of total and idiosyncratic risk. An extensive global sample of 12,496 firm-year observations from 43 countries is employed. The results show that firms controlled by foreign trusting shareholders display lower levels of risk in both market measures.

The Place of Prophecy in Mullā Ṣadrā’s Philosophy of Perception

Submitted by Issaka Razak A… on Tue, 06/22/2021 - 20:21

For Mulla Sadra the station (maqam) and way - station (manzil) of every human being corresponds to the quality of his faculties of perception. In the fi nal mashhad of ash - Shawahid ar - rububiyya," On Prophethoods and Saint hoods", he outlines four way - stations of man which correspond to four levels of perception. In the first three levels, man perceives only through the faculties of sense, imagination (khayal) and estimation (wahm).

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