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|Title:||Does faith move stock markets? Evidence from Saudi Arabia|
|Keywords:||Islamic religion;Stock returns;Volatility;Stochastic dominance;Saudi Arabia|
|Citation:||The Quarterly Review of Economics and Finance, 54(4): 538 - 550, (November 2014)|
|Abstract:||This paper investigates the effects of religious beliefs on stock prices. Our findings support the viewpoint that the religious tenets have important bearing on portfolio choices of investors. It is found that Shariah-compliant stocks have higher return and volatility than their non-Shariah compliant counterparts.|
|Appears in Collections:||Dept of Economics and Finance Research Papers|
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