Risk-Return of Securities in a Developing Market: The Case of the Bourse Regionale Des Valeurs Mobilieres

Essingone, Hervé Ndoume; Diallo, Mouhamadou Saliou

doi:10.4236/jfrm.2022.111011

JFRM

2022

DOI: 10.4236/jfrm.2022.111011

|View full text |Cite

Risk-Return of Securities in a Developing Market: The Case of the Bourse Regionale Des Valeurs Mobilieres

Hervé Ndoume Essingone¹,

Mouhamadou Saliou Diallo²

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2022

2024

Publication Types

Select...

Article3

Relationship

Self Cite1

Independent2

Authors

Journals

Cited by 3 publications

References 41 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Information flow between BRVM and ESG stock returns: A frequency-dependent analysis

Kyei,

Ampong,

Owusu Junior

et al. 2024

Research in Globalization

View full text Add to dashboard Cite

Information flow between BRVM and ESG stock returns: A frequency-dependent analysis

Kyei,

Ampong,

Owusu Junior

et al. 2024

Research in Globalization

View full text Add to dashboard Cite

Sustainable investment perception influence in investment decision

Chandra,

Hutagaol-Martowidjojo,

Widjaja

2024

E3S Web Conf.

View full text Add to dashboard Cite

Indonesian investors are aware of the significance of Environmental, Social, and Governance (ESG) concept in influencing the enduring success of organizations. This leads to the importance of studying investment decisions that consider ESG factors in investment decisions. This study investigates the dynamic relationship between demographic parameters, considered as control variables, and their potential contribution to the influence of the perception of sustainable investment and risk tolerance on ESG-considered investment decisions. This study employs a quantitative method by conducting a survey to retail investors in Indonesia. The findings indicate that these control variables do not have any influence. Significantly, perceptions of sustainable investment have been proven to influence ESG-considered investment decisions. Conversely, risk tolerance does not affect investment decisions considering environmental, social, and governance (ESG) factors. This study highlights the significance of customized investment strategies to cater to the varying preference of investors while also underlining the necessity of conducting more research on including ESG disclosures. Overall, it provides valuable insights into the intricate correlation between demographic characteristics and ESG investments in the IDX, emphasizing the pivotal influence of investors' perspectives on creating sustainable practices.

show abstract

Relationship between Stock Returns and Trading Volume at the Bourse Régionale des Valeurs Mobilières, West Africa

Gueyié

Diallo

2022

IJFS

Self Cite

View full text Add to dashboard Cite

The objective of this paper is to study the contemporaneous relationship and the dynamic relationship between the stock index return and the trading volume on the Bourse Régionale des Valeurs Mobilières using daily data from 5 January 2015 to 31 October 2022. Estimations are made using the generalized method of moments (GMM) and generalized autoregressive conditional heteroscedasticity or GARCH (1,1) specifications for the contemporaneous regressions and the vector autoregressive specification for the dynamic (causal) relationship. The contemporaneous specifications show that there is no significant relationship between stock returns and trading volume. Neither of the two variables significantly influences the other. Furthermore, the dynamic specification shows a causality running from stock returns to trading volume but the reverse is not true. For the period covered by the study, the results invalidate both the mixture of distribution hypothesis and the sequential information arrival hypothesis and open the way for other considerations such as behavioral models.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Risk-Return of Securities in a Developing Market: The Case of the Bourse Regionale Des Valeurs Mobilieres

Cited by 3 publications

References 41 publications

Information flow between BRVM and ESG stock returns: A frequency-dependent analysis

Information flow between BRVM and ESG stock returns: A frequency-dependent analysis

Sustainable investment perception influence in investment decision

Relationship between Stock Returns and Trading Volume at the Bourse Régionale des Valeurs Mobilières, West Africa

Contact Info

Product

Resources

About