Publications by authors named "Walid Bakry"

Objectives: This paper investigates the role of digital finance in promoting environmental sustainability within a group of 52 developing economies from 2010 to 2019. Specifically, it examines whether digital finance effectively contributes reducing CO emissions in these nations.

Methods: This paper is a quantitative study which employs the IV-GMM (instrumental variable generalized methods of moment) approach that tackles any potential endogeneity.

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Article Synopsis
  • - The paper analyzes herd behavior in the Vietnamese stock market from January 2016 to May 2022 using cross-sectional absolute deviation (CSAD) and quantile regression (QR) methods, finding that herding is less common in bullish markets but stronger in other conditions.
  • - During the COVID-19 fourth wave outbreak, it confirms a lack of herding on the Hanoi Stock Exchange (HNX) while observing significant herd selling behavior on the Ho Chi Minh Stock Exchange (HOSE) amidst falling prices.
  • - This research provides valuable insights for investors assessing stock values and offers guidance for policymakers aiming to improve market efficiency.
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We investigate the relationship between the daily release of COVID-19 related announcements, defensive government interventions, and stock market volatility, drawing upon an extended time period of one year, to independently test, confirm and iteratively improve on previous research findings. We categorize stock markets into emerging and developed markets and consider differences and similarities utilizing an asymmetric measure of volatility. We find that there are major differences between these markets with respect to investors' interpretation of risk in response to daily new confirmed cases, death rates, recovery rates, and different defensive government interventions.

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This paper examines the role of information release in explaining the return volatility of the Australian equity market. The study applies proxies of greater accuracy to examine the effect of public and private information on return volatility. Analyst price targets (PTR) and Morningstar stock star ratings (MSR) were used as private information proxies while Australian Securities Exchange (ASX) announcements were used as the public information proxy.

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