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Nexus Between Sectoral Shift and Stock Return: Insights From Bangladesh

Nexus Between Sectoral Shift and Stock Return: Insights From Bangladesh

Mosharrof Hosen, Mohammed Imran, Mohammad Ashraful Ferdous Chowdhury
Copyright: © 2021 |Volume: 12 |Issue: 1 |Pages: 19
ISSN: 1947-9638|EISSN: 1947-9646|EISBN13: 9781799861041|DOI: 10.4018/IJABIM.20210101.oa5
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MLA

Hosen, Mosharrof, et al. "Nexus Between Sectoral Shift and Stock Return: Insights From Bangladesh." IJABIM vol.12, no.1 2021: pp.75-93. http://doi.org/10.4018/IJABIM.20210101.oa5

APA

Hosen, M., Imran, M., & Chowdhury, M. A. (2021). Nexus Between Sectoral Shift and Stock Return: Insights From Bangladesh. International Journal of Asian Business and Information Management (IJABIM), 12(1), 75-93. http://doi.org/10.4018/IJABIM.20210101.oa5

Chicago

Hosen, Mosharrof, Mohammed Imran, and Mohammad Ashraful Ferdous Chowdhury. "Nexus Between Sectoral Shift and Stock Return: Insights From Bangladesh," International Journal of Asian Business and Information Management (IJABIM) 12, no.1: 75-93. http://doi.org/10.4018/IJABIM.20210101.oa5

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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.