Browsing Finance & Economics by Author "Al Refai, Hisham"
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Asymmetric volatility and conditional expected returns: Evidence from emerging market sectors
Al Refai, Hisham; Abdelaziz Eissa, Mohamed; Zeitun, Rami ( Emerald Group Publishing Ltd. , 2017 , Article)Purpose: The risk-return relationship is one of the most widely investigated topics in finance, yet this relationship remains one of the most controversial topics. The purpose of this paper is to investigate the asymmetric ... -
Capital structure, tax effect, financial crisis and default risk: Evidence from emerging market
Zeitun, Rami; Al Refai, Hisham ( Inderscience Publishers , 2017 , Article)The central objective of this study is to investigate the effect of capital structure on corporate failure in the emerging market, in particular Jordan, using a panel data analysis sample representative of 180 Jordanian ... -
Does minority management affect a firm's capital structure? Evidence from Japan
Zeitun, Rami; Goaied, Mohamed; Al Refai, Hisham ( Elsevier , 2022 , Article)This study evaluates the effect of minority management (MG) on capital structure for a sample of listed Japanese companies over three sectors. We used a dynamic panel, threshold-based model that can control for endogeneity ... -
Impact of global health crisis and oil price shocks on stock markets in the GCC
Al Refai, Hisham; Zeitun, Rami; Eissa, Mohamed Abdel Aziz ( Elsevier , 2022 , Article)This study examines the impact of global COVID-19 cases and oil price shocks on the stock markets in the GCC. Using the Kalman filter to generate the unexpected oil price shocks, we find that, with the exception of Oman, ... -
Testing the risk-return tradeoff in the emerging market of Jordan: What role for financial crises?
Al Refai, Hisham; Eissa, Mohamed Abdelaziz ( Inderscience Publishers , 2016 , Article)This study investigates the risk-return relationship at sector level in the emerging market of Jordan (ASE) over the period 1999-2014. The results of an unconditional test with a structural breakpoint show that the ... -
The dynamics of the relationship between real estate and stock markets in an energy-based economy: The case of Qatar
Al Refai, Hisham; Eissa, Mohamad Abdelaziz; Zeitun, Rami ( Elsevier , 2021 , Article)In this study, we investigate the dynamic linkages between the real estate and stock markets in Qatar. Using monthly data over the period 2006-2020, the nonlinear model of Enders and Siklos (2001) and the linear and nonlinear ...