Asian Journal of Research in Social Sciences and Humanities, 2014
ABSTRACT In this paper we investigate the return relations between major asset classes using dail... more ABSTRACT In this paper we investigate the return relations between major asset classes using daily data for Iran from 17nd December 2012 to 20th February 2014. Three markets consist of stock; gold and exchange rate are considered. Toda–Yamamoto version of Granger causality test was used as well to examine the causality relationship. Furthermore, the study examines error variance decomposition of variables thanks to various shocks in the Such information provides insight into the transmission links between the Iranian precious metals, foreign exchange and capital markets. These have the potential for significant impact in further research, portfolio management and central bank policy design.
This study mainly investigates the relationship between corporate social responsibility (CSR) rep... more This study mainly investigates the relationship between corporate social responsibility (CSR) reporting and the reaction in the stock market. Specifically, we utilize the data from Taiwanese stock market from 2012 to 2017 to examine whether the CSR report disclosed by the listed companies on the Taiwan Stock Exchange and the Taipei Exchange will cause abnormal returns on the short-, mid- or long-term horizon. The empirical results demonstrate that companies which disclose their CSR reports generate higher and more positive mid- to long-term abnormal returns than undisclosed companies. In addition to filling the gap of previous studies, this study also examines whether CSR reports mitigate the information asymmetry between management and stakeholders. Companies disclosing their CSR reports will boost the confidence of investors and lead to higher stock return valuations.
This paper explores whether energy conservation policies can be implemented in countries with the... more This paper explores whether energy conservation policies can be implemented in countries with the same level of development. That is, is restraining energy consumption without compromising economic growth feasible in all industrialized countries? A new Granger non-causality testing procedure developed by Toda and Yamamoto [1995, Journal of Econometrics 66, 225–250] is applied to re-investigate the relationship, if any, between energy
The aim of this paper is to investigate the behavior of stock, exchange and gold coin markets and... more The aim of this paper is to investigate the behavior of stock, exchange and gold coin markets and their correlations structure by using the DCC-GARCH model and the daily data for the period from 23 July 2011 to 22 September 2013 in Iran. Results show that there is a high correlation between returns of Exchange rate and gold coin. But the correlation between returns of stock market index and Exchange rate or gold coin is low. Policy implications on portfolio strategies under DCC model results are also discussed.
International Journal of Islamic and Middle Eastern Finance and Management, 2022
Purpose “Relationship benefits” (RBs) is an approach in relationship marketing. The concept highl... more Purpose “Relationship benefits” (RBs) is an approach in relationship marketing. The concept highlights that both customer and firm must receive benefits from the relationship to establish and maintain it. This study aims to identify the impacts of three types of RBs on creating four kinds of customer engagement value (CEVs). Design/methodology/approach This study synthesizes previous findings and proposes hypotheses with theoretical supports and reports results from a structural equation model that uses data gathered from 577 Iranian customers across a range of services- based on an extensive review of marketing literature related to RBs. Findings Confidence benefits are the strongest driver of customer lifetime value and customer influence value, while special treatment benefits are the strongest driver of customer knowledge value (CKV) and customer referral value. Social benefits only affect CKV. Research limitations/implications Future research should examine the role of other ty...
Asian Journal of Research in Social Sciences and Humanities, 2014
ABSTRACT In this paper we investigate the return relations between major asset classes using dail... more ABSTRACT In this paper we investigate the return relations between major asset classes using daily data for Iran from 17nd December 2012 to 20th February 2014. Three markets consist of stock; gold and exchange rate are considered. Toda–Yamamoto version of Granger causality test was used as well to examine the causality relationship. Furthermore, the study examines error variance decomposition of variables thanks to various shocks in the Such information provides insight into the transmission links between the Iranian precious metals, foreign exchange and capital markets. These have the potential for significant impact in further research, portfolio management and central bank policy design.
This study mainly investigates the relationship between corporate social responsibility (CSR) rep... more This study mainly investigates the relationship between corporate social responsibility (CSR) reporting and the reaction in the stock market. Specifically, we utilize the data from Taiwanese stock market from 2012 to 2017 to examine whether the CSR report disclosed by the listed companies on the Taiwan Stock Exchange and the Taipei Exchange will cause abnormal returns on the short-, mid- or long-term horizon. The empirical results demonstrate that companies which disclose their CSR reports generate higher and more positive mid- to long-term abnormal returns than undisclosed companies. In addition to filling the gap of previous studies, this study also examines whether CSR reports mitigate the information asymmetry between management and stakeholders. Companies disclosing their CSR reports will boost the confidence of investors and lead to higher stock return valuations.
This paper explores whether energy conservation policies can be implemented in countries with the... more This paper explores whether energy conservation policies can be implemented in countries with the same level of development. That is, is restraining energy consumption without compromising economic growth feasible in all industrialized countries? A new Granger non-causality testing procedure developed by Toda and Yamamoto [1995, Journal of Econometrics 66, 225–250] is applied to re-investigate the relationship, if any, between energy
The aim of this paper is to investigate the behavior of stock, exchange and gold coin markets and... more The aim of this paper is to investigate the behavior of stock, exchange and gold coin markets and their correlations structure by using the DCC-GARCH model and the daily data for the period from 23 July 2011 to 22 September 2013 in Iran. Results show that there is a high correlation between returns of Exchange rate and gold coin. But the correlation between returns of stock market index and Exchange rate or gold coin is low. Policy implications on portfolio strategies under DCC model results are also discussed.
International Journal of Islamic and Middle Eastern Finance and Management, 2022
Purpose “Relationship benefits” (RBs) is an approach in relationship marketing. The concept highl... more Purpose “Relationship benefits” (RBs) is an approach in relationship marketing. The concept highlights that both customer and firm must receive benefits from the relationship to establish and maintain it. This study aims to identify the impacts of three types of RBs on creating four kinds of customer engagement value (CEVs). Design/methodology/approach This study synthesizes previous findings and proposes hypotheses with theoretical supports and reports results from a structural equation model that uses data gathered from 577 Iranian customers across a range of services- based on an extensive review of marketing literature related to RBs. Findings Confidence benefits are the strongest driver of customer lifetime value and customer influence value, while special treatment benefits are the strongest driver of customer knowledge value (CKV) and customer referral value. Social benefits only affect CKV. Research limitations/implications Future research should examine the role of other ty...
Uploads
Papers by Naser Sanoubar