This paper uses stochastic dominance (SD) analysis to examine whether Islamic stock
indexes outperform conventional stock indexes by comparing nine Dow Jones Islamic …

Despite the development and growth of Islamic finance, the academic literature on the
subject, while increasing, has so far provided no information on the calendar anomalies in …

This paper applies recent econometric tests of stochastic dominance to examine an
enduring puzzle in finance: the momentum effect in stock returns (J. Finance 48 (1993) 65) …

This study examines the role of gold in diversification of eight Dow Jones Islamic stock index
portfolios from 1996 to 2017. Using stochastic dominance (SD) approach, it tests the null …

Purpose Market efficiency suggests that price of the security must reflect its intrinsic value by
impounding all the available and accessible information. Asset pricing in capital markets has …

The aim in this paper is to replicate and extend the analysis of visual technical patterns by
Lo et al.(2000) using data on the UK market. A non‐parametric smoother is used to model a …

Using stochastic dominance (SD) approach, this paper revisits the Ramadan effect in the
stock returns of 15 Muslim countries and altogether as a portfolio. Our study is motivated by …

This paper extends the work on location-scale (LS) family with general n random seed
sources. First, we clarify and generalize existing results in this multivariate setting. Some …

We provide a test of the Monday effect in daily stock index returns. Unlike previous studies
we define the Monday effect based on the stochastic dominance criterion. This is a stronger …

This book offers an up-to-date, comprehensive coverage of stochastic dominance and its
related concepts in a unified framework. A method for ordering probability distributions …