A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia
minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three...
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2019
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| Online Access: | http://irep.iium.edu.my/73553/ http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf |
| _version_ | 1848787817389359104 |
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| author | Mahamood, Fatin Nur Amirah Bahaludin, Hafizah Abdullah, Mimi Hafizah |
| author_facet | Mahamood, Fatin Nur Amirah Bahaludin, Hafizah Abdullah, Mimi Hafizah |
| author_sort | Mahamood, Fatin Nur Amirah |
| building | IIUM Repository |
| collection | Online Access |
| description | minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological
structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three duration periods namely the precrisis, during crisis and post-crisis. To determine the important stocks in the networks, centrality measures are applied such as degree centrality, betweenness centrality, closeness centrality and eigenvector centrality. Lastly, overall centrality measures are computed to identify the overall characteristic of each node. The findings showed that, KUB Malaysia Berhad was the most influential stock in the pre-crisis and crisis periods. While, MK Land Holdings was the main stock in the post-crisis network. |
| first_indexed | 2025-11-14T17:30:57Z |
| format | Article |
| id | iium-73553 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:30:57Z |
| publishDate | 2019 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-735532019-12-23T07:03:50Z http://irep.iium.edu.my/73553/ A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia Mahamood, Fatin Nur Amirah Bahaludin, Hafizah Abdullah, Mimi Hafizah HG4001 Financial management. Business finance. Corporation finance. QA276 Mathematical Statistics minimum spanning tree (MST) technique is used to visualize the structure. This paper investigates the topological structure of 125 shariah-compliant stocks traded in Bursa Malaysia from the year 2000 until 2017. Financial networks of the shariah-compliant stocks are constructed using MST for three duration periods namely the precrisis, during crisis and post-crisis. To determine the important stocks in the networks, centrality measures are applied such as degree centrality, betweenness centrality, closeness centrality and eigenvector centrality. Lastly, overall centrality measures are computed to identify the overall characteristic of each node. The findings showed that, KUB Malaysia Berhad was the most influential stock in the pre-crisis and crisis periods. While, MK Land Holdings was the main stock in the post-crisis network. Canadian Center of Science and Education 2019-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf Mahamood, Fatin Nur Amirah and Bahaludin, Hafizah and Abdullah, Mimi Hafizah (2019) A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia. Modern Applied Science, 13 (7). pp. 80-93. ISSN 1913-1844 E-ISSN 1913-1852 http://www.ccsenet.org/journal/index.php/mas/article/view/0/39962 10.5539/mas.v13n7p80 |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. QA276 Mathematical Statistics Mahamood, Fatin Nur Amirah Bahaludin, Hafizah Abdullah, Mimi Hafizah A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title | A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title_full | A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title_fullStr | A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title_full_unstemmed | A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title_short | A network analysis of shariah-compliant stocks across global financial crisis: a case of Malaysia |
| title_sort | network analysis of shariah-compliant stocks across global financial crisis: a case of malaysia |
| topic | HG4001 Financial management. Business finance. Corporation finance. QA276 Mathematical Statistics |
| url | http://irep.iium.edu.my/73553/ http://irep.iium.edu.my/73553/ http://irep.iium.edu.my/73553/ http://irep.iium.edu.my/73553/1/2019%20A%20Network%20anlaysis%20of%20Shariah-Compliant%20stocks%20across%20global%20financial%20crisis.pdf |