TY  - JOUR
TI  - Investigating financial opportunities for traditional clothing industry in South Asia based on an analysis of internationally diversified portfolio using ARCH and GARCH models
AU  - Ali Zulfiqar, Imran
AU  - Spulbar, Cristi
AU  - Ejaz, Abdullah
AU  - Birau, Ramona
AU  - Anghel, Lucian Claudiu
AU  - Criveanu, Radu Cătălin
T2  - Industria Textila
AB  - This paper investigates the benefits of forming an internationally diversified portfolio in the stock markets of Bangladesh,
India and Pakistan using the stock market indices data from April 2013 to March 2020. The portfolio comprises of three
stock market indices from Pakistan, India and Bangladesh. The goal is to identify financial opportunities for traditional
clothing industry in South Asia. Bangladesh, India and Pakistan are neighbouring countries in South Asia. Tradition,
culture and specific ethnic elements influence traditional clothing in the case of the selected country cluster consisting
of Bangladesh, India and Pakistan. Our empirical results indicate that internationally diversified portfolio does not reduce
the risk due to global market integration in the background. Furthermore, ARCH and GARCH models reveal that large
change in conditional variance is followed by large changes in conditional variance whereas small change in conditional
variance is followed by small changes in conditional variance.
DA  - 2021/12/21/
PY  - 2021
DO  - 10.35530/IT.072.06.20202
DP  - DOI.org (Crossref)
VL  - 72
IS  - 06
SP  - 645
EP  - 650
SN  - 12225347
UR  - http://revistaindustriatextila.ro/images/2021/6/10%20IMRAN%20ALI%20ZULFIQAR%20Industria%20Textila%206_2021.pdf
Y2  - 2021/12/28/09:08:34
ER  -