Keywords: Crises
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Journal Articles
South Asian Journal of Business Studies (2021) 10 (2): 242–264.
Published: 09 December 2020
... balance, on KSE 100 index and sectorial stock indices under bearish, bullish and normal states of the stock market prices. Moreover, we take into account the effect of three crises observed from 2005 to 2009. Design/methodology/approach This study uses quantile autoregressive distributed lag (QARDL...

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