Browsing by Author "Mamun, Abdullahil"

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    Evaluation of Stock Market Efficiency: A Case Study of Chitta gong Stock Exchange Limite
    (CRP (International Islamic University Chittagong), 2014-06) Mamun, Abdullahil
    The study is an attempt to empirically examine the form or degree of capital market efficiency for the case of Chittagong Stock Exchange (CSE) over the period June 2008 through December 2009 employing the event study methodology which tests an investment scheme that is based upon the trading on information events and the event under consideration is 'earnings announcements ', The test result shows that the degree of capital market efficiency is very low. The presence of a good number of non-actively traded shares, informational asymmetry, price manipulation, floatation of so many IPOs within a short span of time are the leading factors originating lower degree of efficiency. Careful monitoring, effective intervention by regulatory bodies, timely disclosure and dissemination of all relevant information along with other corrective measures can reduce the hesitancy of investors and a significant level of market efficiency the CSE might experience.
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    Growth faltering capital flight: Empirical evidence from Turkey
    (CRP, Center for Research and Publication, 2020-12) Mamun, Abdullahil
    Capital flight from Turkey throughout the last few decades is one of the major policy concerns for the development prospects of the economy. Several studies address the issue of capital flight from Turkey, but there is no significant study that examines its impact on the economic growth of the economy. The study investigates the effect of capital flight from Turkey on its economic growth during 1981-2019. It measures the extent of capital flight from Turkey adopting the World Bank’s residual method and examines its growth effect in a setting of Barro’s growth model. The study employs the Johansen cointegration approach to determine whether there exists an association between flight capital and the output growth of Turkey in the long run. The study results support the view that the flight of capital from Turkey deteriorates the country’s output growth in the long run. It implies that the government should adopt policies to reduce capital flight, increase domestic investment, and stimulate economic growth.