A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia

A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia

minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three...

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Main Authors: Mahamood, Fatin Nur Amirah, Bahaludin, Hafizah, Abdullah, Mimi Hafizah
Format: Article
Language:English
Published: Canadian Center of Science and Education 2019
Subjects:
HG4001 Financial management. Business finance. Corporation finance.
QA276 Mathematical Statistics
Online Access:http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf
id iium-73553
recordtype eprints
spelling iium-735532019-12-23T07:03:50Z http://irep.iium.edu.my/73553/ A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia Mahamood, Fatin Nur Amirah Bahaludin, Hafizah Abdullah, Mimi Hafizah HG4001 Financial management. Business finance. Corporation finance. QA276 Mathematical Statistics minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three duration periods namely the precrisis, during crisis and post-crisis. To determine the important stocks in the networks, centrality measures are applied such as degree centrality, betweenness centrality, closeness centrality and eigenvector centrality. Lastly, overall centrality measures are computed to identify the overall characteristic of each node. The findings showed that, KUB Malaysia Berhad was the most influential stock in the pre-crisis and crisis periods. While, MK Land Holdings was the main stock in the post-crisis network. Canadian Center of Science and Education 2019-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf Mahamood, Fatin Nur Amirah and Bahaludin, Hafizah and Abdullah, Mimi Hafizah (2019) A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia. Modern Applied Science, 13 (7). pp. 80-93. ISSN 1913-1844 E-ISSN 1913-1852 http://www.ccsenet.org/journal/index.php/mas/article/view/0/39962 10.5539/mas.v13n7p80
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG4001 Financial management. Business finance. Corporation finance.
QA276 Mathematical Statistics
spellingShingle HG4001 Financial management. Business finance. Corporation finance.
QA276 Mathematical Statistics
Mahamood, Fatin Nur Amirah
Bahaludin, Hafizah
Abdullah, Mimi Hafizah
A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
description minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three duration periods namely the precrisis, during crisis and post-crisis. To determine the important stocks in the networks, centrality measures are applied such as degree centrality, betweenness centrality, closeness centrality and eigenvector centrality. Lastly, overall centrality measures are computed to identify the overall characteristic of each node. The findings showed that, KUB Malaysia Berhad was the most influential stock in the pre-crisis and crisis periods. While, MK Land Holdings was the main stock in the post-crisis network.
format Article
author Mahamood, Fatin Nur Amirah
Bahaludin, Hafizah
Abdullah, Mimi Hafizah
author_facet Mahamood, Fatin Nur Amirah
Bahaludin, Hafizah
Abdullah, Mimi Hafizah
author_sort Mahamood, Fatin Nur Amirah
title A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
title_short A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
title_full A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
title_fullStr A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
title_full_unstemmed A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
title_sort network analysis of shariah-compliant stocks across global financial crisis: a case of malaysia
publisher Canadian Center of Science and Education
publishDate 2019
url http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/
http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf
first_indexed 2023-09-18T21:44:17Z
last_indexed 2023-09-18T21:44:17Z
_version_ 1777413345638350848

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