Browsing by Author Nagayev, Ruslan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 8 of 8
  • Demystifying_small_and_medium_enterprises_adam_ndieye_et_al.pdf.jpg
  • Journal Article


  • Authors: Ndiaye, Ndeye Djiba; Abdul Razak, Lutfi; Nagayev, Ruslan; Ng, Adam Boon Ka (2018)

  • Applying the General-to-Specific modelling on World Bank Enterprise Survey data for 266 economies, this paper models five performance indicators based on 80 potential factors derived from firm characteristics, finance, informality, infrastructure, innovation, technology, regulation, taxes, trade and workforce concerning small and medium enterprises (SMEs). We find that the factors vary regarding statistical significance and magnitude between small and medium enterprises. For example, the percent of firms using e-mail to interact with clients/suppliers has a positive effect on the annual employment growth of medium enterprises, but not the case of small enterprises. The proportion of i...

  • doing_well_while_doing_good_the_case_of_islamic_and_sustainability_equity_investing_adam.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Naeem Azmi, Choudhari Wajahat; Dewandaru, Ginanjar; Nagayev, Ruslan (2016)

  • Sustainability trends present risks and opportunities for companies and various stakeholders. Profits can be derived from doing good: Islamic sustainability equity in vesting offers competitive risk-return profiles at the levels of individual asset and portfolio of global assets particularly during economic expansion, equity bullish and subprime crisis periods. Islamic finance industry should proactively drive main stream sustainability investing.

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • PhD_oil_revenue_financial_development_role_institutions_Ruslan_Nagayev.pdf.jpg
  • PhD


  • Authors: Nagayev, Ruslan (2017)

  • Almost every second barrel of oil is produced in the OIC region. It is expected that the influx of oil revenue will help in developing the financial markets and the economies of these countries. So, the accelerated growth of Islamic financial industry at a double-digit rate annually has been attributed to the liquidity generated from the oil production. However, the recent adverse shocks emanating from the international oil market (quadruple drop in oil price) have cast scepticism about the sustainability of financial sectors in OIC oil-producing countries in general and the growth of Islamic banking industry, in particular. Slumping oil prices are expected to reduce the liquidity ......

  • dynamic_links_between_commodities_Islamic_equity_adam.pdf.jpg
  • Journal article


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2016)

  • This paper investigates whether commodities offer potential diversification benefits for Islamic equity index investors in light of possible financialization of commodity markets. Using MGARCH-DCC and Wavelet Coherence analyses, our findings reveal that correlations between commodity markets and the Dow Jones Islamic Market World Index are time-varying and highly volatile throughout the January 1999 - April 2015 period. A substantial and persistent increase was observed in the return correlations between commodities and Islamic equity at the onset of the 2008 financial crisis. However, trends in the recent two years suggest that this association is heading towards its pre-crisis level...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...

Browsing by Author Nagayev, Ruslan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 8 of 8
  • Demystifying_small_and_medium_enterprises_adam_ndieye_et_al.pdf.jpg
  • Journal Article


  • Authors: Ndiaye, Ndeye Djiba; Abdul Razak, Lutfi; Nagayev, Ruslan; Ng, Adam Boon Ka (2018)

  • Applying the General-to-Specific modelling on World Bank Enterprise Survey data for 266 economies, this paper models five performance indicators based on 80 potential factors derived from firm characteristics, finance, informality, infrastructure, innovation, technology, regulation, taxes, trade and workforce concerning small and medium enterprises (SMEs). We find that the factors vary regarding statistical significance and magnitude between small and medium enterprises. For example, the percent of firms using e-mail to interact with clients/suppliers has a positive effect on the annual employment growth of medium enterprises, but not the case of small enterprises. The proportion of i...

  • doing_well_while_doing_good_the_case_of_islamic_and_sustainability_equity_investing_adam.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Naeem Azmi, Choudhari Wajahat; Dewandaru, Ginanjar; Nagayev, Ruslan (2016)

  • Sustainability trends present risks and opportunities for companies and various stakeholders. Profits can be derived from doing good: Islamic sustainability equity in vesting offers competitive risk-return profiles at the levels of individual asset and portfolio of global assets particularly during economic expansion, equity bullish and subprime crisis periods. Islamic finance industry should proactively drive main stream sustainability investing.

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • PhD_oil_revenue_financial_development_role_institutions_Ruslan_Nagayev.pdf.jpg
  • PhD


  • Authors: Nagayev, Ruslan (2017)

  • Almost every second barrel of oil is produced in the OIC region. It is expected that the influx of oil revenue will help in developing the financial markets and the economies of these countries. So, the accelerated growth of Islamic financial industry at a double-digit rate annually has been attributed to the liquidity generated from the oil production. However, the recent adverse shocks emanating from the international oil market (quadruple drop in oil price) have cast scepticism about the sustainability of financial sectors in OIC oil-producing countries in general and the growth of Islamic banking industry, in particular. Slumping oil prices are expected to reduce the liquidity ......

  • dynamic_links_between_commodities_Islamic_equity_adam.pdf.jpg
  • Journal article


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2016)

  • This paper investigates whether commodities offer potential diversification benefits for Islamic equity index investors in light of possible financialization of commodity markets. Using MGARCH-DCC and Wavelet Coherence analyses, our findings reveal that correlations between commodity markets and the Dow Jones Islamic Market World Index are time-varying and highly volatile throughout the January 1999 - April 2015 period. A substantial and persistent increase was observed in the return correlations between commodities and Islamic equity at the onset of the 2008 financial crisis. However, trends in the recent two years suggest that this association is heading towards its pre-crisis level...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...