{"id":"https://openalex.org/W3215458765","doi":"https://doi.org/10.1108/jiabr-12-2020-0388","title":"Volatility transmission within financial markets during the COVID-19 pandemic: are faith-based investors well off in Tunisia?","display_name":"Volatility transmission within financial markets during the COVID-19 pandemic: are faith-based investors well off in Tunisia?","publication_year":2021,"publication_date":"2021-11-29","ids":{"openalex":"https://openalex.org/W3215458765","doi":"https://doi.org/10.1108/jiabr-12-2020-0388","mag":"3215458765"},"language":"en","primary_location":{"id":"doi:10.1108/jiabr-12-2020-0388","doi":"https://doi.org/10.1108/jiabr-12-2020-0388","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-12-2020-0388","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Islamic Accounting and Business Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089587853","display_name":"Ishaq Mustapha Akinlaso","orcid":"https://orcid.org/0000-0001-5822-2034","observed_orcids":["https://orcid.org/0000-0001-5822-2034"]},"institutions":[{"id":"https://openalex.org/I3132277652","display_name":"International Centre for Education in Islamic Finance","ror":"https://ror.org/02914ef02","country_code":"MY","type":"education","lineage":["https://openalex.org/I3132277652"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Mustapha Ishaq Akinlaso","raw_affiliation_strings":["INCEIF Kuala Lumpur Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INCEIF Kuala Lumpur Malaysia","institution_ids":["https://openalex.org/I3132277652"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5019883103","display_name":"Aroua Robbana","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4164984","display_name":"International Islamic University Malaysia","ror":"https://ror.org/03s9hs139","country_code":"MY","type":"education","lineage":["https://openalex.org/I4164984"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Aroua Robbana","raw_affiliation_strings":["Department of Economics, International Islamic University Malaysia Kuala Lumpur Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, International Islamic University Malaysia Kuala Lumpur Malaysia","institution_ids":["https://openalex.org/I4164984"]}]},{"author_position":"last","author":{"id":null,"display_name":"Nura Mohamed","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4164984","display_name":"International Islamic University Malaysia","ror":"https://ror.org/03s9hs139","country_code":"MY","type":"education","lineage":["https://openalex.org/I4164984"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nura Mohamed","raw_affiliation_strings":["Department of Economics, IIUM kuala lumpur Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, IIUM kuala lumpur Malaysia","institution_ids":["https://openalex.org/I4164984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.9619,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.87035066,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"13","issue":"1","first_page":"98","last_page":"113"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9667999744415283,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9667999744415283,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.010900000110268593,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.010900000110268593,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/volatility-spillovers","display_name":"volatility spillovers","score":0.8759999871253967},{"id":"https://openalex.org/keywords/return-spillovers","display_name":"return spillovers","score":0.8600000143051147},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.9330000281333923},{"id":"https://openalex.org/keywords/islamic-stock-market","display_name":"Islamic stock market","score":0.8130000233650208},{"id":"https://openalex.org/keywords/conventional-stock-markets","display_name":"conventional stock markets","score":0.9769999980926514},{"id":"https://openalex.org/keywords/tunisian-stock-market","display_name":"Tunisian stock market","score":0.9539999961853027},{"id":"https://openalex.org/keywords/risk-return-trade-off","display_name":"risk-return tradeoff","score":0.6320000290870667},{"id":"https://openalex.org/keywords/diversification-benefits","display_name":"diversification benefits","score":0.7739999890327454},{"id":"https://openalex.org/keywords/leverage-effect","display_name":"leverage effect","score":0.9760000109672546},{"id":"https://openalex.org/keywords/volatility-persistence","display_name":"volatility persistence","score":0.4880000054836273},{"id":"https://openalex.org/keywords/threshold-garch","display_name":"threshold GARCH","score":0.6209999918937683},{"id":"https://openalex.org/keywords/exponential-garch","display_name":"exponential GARCH","score":0.9049999713897705}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5601562857627869},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5509968996047974},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5508065223693848},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5168276429176331},{"id":"https://openalex.org/C88389905","wikidata":"https://www.wikidata.org/wiki/Q223371","display_name":"Stock market index","level":4,"score":0.4886963665485382},{"id":"https://openalex.org/C23922673","wikidata":"https://www.wikidata.org/wiki/Q180752","display_name":"Autoregressive conditional heteroskedasticity","level":3,"score":0.47159871459007263},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.44524848461151123},{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.4346386790275574},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.36460167169570923},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3325952887535095},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3299824595451355},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08038467168807983},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/jiabr-12-2020-0388","doi":"https://doi.org/10.1108/jiabr-12-2020-0388","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-12-2020-0388","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Islamic Accounting and Business Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:jiabr0:jiabr-12-2020-0388","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JIABR-12-2020-0388.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:jiabrp:jiabr-12-2020-0388","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/JIABR-12-2020-0388/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W1968932853","https://openalex.org/W1994981518","https://openalex.org/W1999814123","https://openalex.org/W1999996900","https://openalex.org/W2013109882","https://openalex.org/W2118097136","https://openalex.org/W2217576994","https://openalex.org/W2256960390","https://openalex.org/W2542127401","https://openalex.org/W3011733846","https://openalex.org/W3015769695","https://openalex.org/W3016681375","https://openalex.org/W3025870819","https://openalex.org/W3026117698","https://openalex.org/W3026812076","https://openalex.org/W3038383319","https://openalex.org/W3038694018","https://openalex.org/W3040784891","https://openalex.org/W3043617920","https://openalex.org/W3044767998","https://openalex.org/W3044930419","https://openalex.org/W3082130641","https://openalex.org/W3087491378","https://openalex.org/W3088547301","https://openalex.org/W3097110085","https://openalex.org/W3100823006","https://openalex.org/W3108634922","https://openalex.org/W3118487655","https://openalex.org/W3122815054","https://openalex.org/W3125719621","https://openalex.org/W3129606928","https://openalex.org/W3139083754","https://openalex.org/W3169051035","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W4415547363","https://openalex.org/W4391679074","https://openalex.org/W4390237762","https://openalex.org/W3168551508","https://openalex.org/W4400242265","https://openalex.org/W7111254119","https://openalex.org/W3195493629","https://openalex.org/W4410002381","https://openalex.org/W4318613166","https://openalex.org/W3097110085"],"abstract_inverted_index":{"Purpose":[0],"This":[1,184],"paper":[2,169],"aims":[3],"to":[4,44,60,115,179],"investigate":[5],"the":[6,12,17,22,46,63,69,89,99,103,135,138,156,180,201],"risk-return":[7],"and":[8,24,32,34,38,49,53,65,81,123,153,196],"volatility":[9,50,191],"spillover":[10,97],"within":[11,68,200],"Tunisian":[13,70,181],"stock":[14,71,83,91,107,182,198],"market":[15,47,140,199],"during":[16,102,134],"COVID-19":[18,186],"pandemic":[19],"analyzing":[20],"both":[21,62,78,130,194],"Islamic":[23,64,80,100,139,197],"conventional":[25,66,82,90,106,157,195],"stocks\u2019":[26],"performance.":[27],"Design/methodology/approach":[28],"Both":[29],"symmetric":[30],"(GARCH":[31],"GARCH-M)":[33],"asymmetric":[35],"(Threshold":[36],"GARCH":[37],"Exponential":[39],"GARCH)":[40],"models":[41],"are":[42,85,177],"used":[43,59],"analyze":[45],"returns":[48],"response.":[51],"Standard":[52],"Poor\u2019s":[54],"(S&P)":[55],"index":[56,92,108,158],"has":[57,109],"been":[58],"test":[61],"stocks":[67,101],"market.":[72,183,204],"Findings":[73],"The":[74,105,165],"findings":[75],"suggest":[76],"that":[77,176],"Tunisia":[79],"markets":[84],"highly":[86],"persistent;":[87],"however,":[88],"showed":[93,141],"a":[94,112,118,142,147,160],"negative":[95,161],"return":[96,152,189],"on":[98],"pandemic.":[104],"also":[110],"shown":[111],"higher":[113],"exposure":[114],"risk":[116],"for":[117],"lower":[119],"amount":[120],"of":[121,125,167,188],"return,":[122],"evidence":[124],"potential":[126],"diversification":[127],"benefit":[128],"between":[129,150],"indexes":[131],"was":[132],"found":[133],"pandemic,":[136],"whereas":[137],"positive":[143,148],"leverage":[144,162],"effect,":[145],"indicating":[146],"correlation":[149],"past":[151],"future":[154],"return;":[155],"implied":[159],"effect.":[163],"Originality/value":[164],"value":[166],"this":[168],"emerges":[170],"in":[171],"studying":[172],"three":[173],"main":[174],"aspects":[175],"specific":[178],"includes":[185],"effect":[187],"spillovers,":[190],"transmission":[192],"across":[193],"local":[202],"financial":[203]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2021-12-06T00:00:00"}
