Emerging Markets Reward Risk: Empirical Evidence from MENA during 2008 Financial Crisis

Emerging Markets Reward Risk: Empirical Evidence from MENA during 2008 Financial Crisis

Salim Lahmiri, Stephane Gagnon
ISBN13: 9781522539322|ISBN10: 1522539328|EISBN13: 9781522539339
DOI: 10.4018/978-1-5225-3932-2.ch021
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MLA

Lahmiri, Salim, and Stephane Gagnon. "Emerging Markets Reward Risk: Empirical Evidence from MENA during 2008 Financial Crisis." Risk and Contingency Management: Breakthroughs in Research and Practice, edited by Information Resources Management Association, IGI Global, 2018, pp. 421-433. https://doi.org/10.4018/978-1-5225-3932-2.ch021

APA

Lahmiri, S. & Gagnon, S. (2018). Emerging Markets Reward Risk: Empirical Evidence from MENA during 2008 Financial Crisis. In I. Management Association (Ed.), Risk and Contingency Management: Breakthroughs in Research and Practice (pp. 421-433). IGI Global. https://doi.org/10.4018/978-1-5225-3932-2.ch021

Chicago

Lahmiri, Salim, and Stephane Gagnon. "Emerging Markets Reward Risk: Empirical Evidence from MENA during 2008 Financial Crisis." In Risk and Contingency Management: Breakthroughs in Research and Practice, edited by Information Resources Management Association, 421-433. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3932-2.ch021

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Abstract

The relationship between risk and return in Middle East and North Africa (MENA) region stock markets is estimated during 2008 international financial crisis; including Jordan, KSA, Morocco, and Turkey. For comparison purpose, stock markets from Europe are also examined; including, FTSE (UK), CAC40 (France), DAX (Germany), and the Swiss market. The empirical findings show evidence that; contrary to European stock markets; MENA region stock markets generally reward risk during 2008 financial crisis. This result is important for international asset managers and investors to consider investing in emergent markets from MENA region.

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