Nexus between sectoral shift and stock return: Insights from Bangladesh

Mosharrof Hosen; Mohammed Imran; Mohammad Ashraful Ferdous Chowdhury

doi:10.4018/IJABIM.20210101.oa5

Nexus between sectoral shift and stock return: Insights from Bangladesh

Mosharrof Hosen, Mohammed Imran, Mohammad Ashraful Ferdous Chowdhury

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

The objective of this study is to examine the impact of sectoral shift on the stock return of Bangladesh. This study employs auto-regressive distributive lag (ARDL) approach using the weekly data of various sectoral indices of Bangladesh over the period from May 1999 to September 2016. The findings tend to indicate that there has possible sectoral portfolio diversification in the market and ‘general product industry’ is the most exogenous and profitable sector from the rest. This study is one of the first attempts of the sectoral analysis and its impact on the stock return with the reference to Bangladesh. Furthermore, this study can be a benchmark for the policymakers of emerging economies to find the impact of economic transformation in the stock returns of the equity markets.

Original language	English
Pages (from-to)	75-93
Number of pages	19
Journal	International Journal of Asian Business and Information Management
Volume	12
Issue number	1
DOIs	https://doi.org/10.4018/IJABIM.20210101.oa5
State	Published - 1 Jan 2021
Externally published	Yes

Bibliographical note

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© 2021 IGI Global. All rights reserved.

Keywords

ARDL
General Industry
Sectoral Diversification
Stock Return

ASJC Scopus subject areas

Business and International Management
Cultural Studies
Computer Science Applications
Strategy and Management
Management of Technology and Innovation

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10.4018/IJABIM.20210101.oa5

Cite this

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AB - The objective of this study is to examine the impact of sectoral shift on the stock return of Bangladesh. This study employs auto-regressive distributive lag (ARDL) approach using the weekly data of various sectoral indices of Bangladesh over the period from May 1999 to September 2016. The findings tend to indicate that there has possible sectoral portfolio diversification in the market and ‘general product industry’ is the most exogenous and profitable sector from the rest. This study is one of the first attempts of the sectoral analysis and its impact on the stock return with the reference to Bangladesh. Furthermore, this study can be a benchmark for the policymakers of emerging economies to find the impact of economic transformation in the stock returns of the equity markets.

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Nexus between sectoral shift and stock return: Insights from Bangladesh

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

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