CALL FOR PAPERS

Author Information

CERTIFICATE

IMPACT FACTOR 2021

Subject Area

Life Sciences / Biology
Architecture / Building Management
Asian Studies
Business & Management
Chemistry
Computer Science
Economics & Finance
Engineering / Acoustics
Environmental Science
Agricultural Sciences
Pharmaceutical Sciences
General Sciences
Materials Science
Mathematics
Medicine
Nanotechnology & Nanoscience
Nonlinear Science
Chaos & Dynamical Systems
Physics
Social Sciences & Humanities

Why Us? >>

Open Access
Peer Reviewed
Rapid Publication
Life time hosting
Free promotion service
Free indexing service
More citations
Search engine friendly

Plagiarism Detection

IJCR is following an instant policy on rejection those received papers with plagiarism rate of more than 20%. So, All of authors and contributors must check their papers before submission to making assurance of following our anti-plagiarism policies.

Using ardl approach to investigate hedging power of common stocks against inflation in pakistan

Author:

Taimur Wardag and Dr Qaisar Ali Malik

Subject Area:

Social Sciences and Humanities

Abstract:

It seems like a puzzle whether stocks have the ability or not to protect from inflation. This study empirically investigated such relationship whether stocks provide hedge or not against the inflation. Monthly data of inflation and stock returns is used for the study to identify and measure the relationship. Period of the study was taken from year 2001 to 2012. Data stationarity is checked through augmented dickey fuller (ADF) and Philipp’s Peron (PP) unit root tests. For testing long term relationship between stocks returns and inflation, WALD test is used. For short term relationship Error Correction Mechanism (ECM) test is used. Evidence comes in favor that relationship exist in short term as well as in long term, because both the WALD and ECM tests support the findings of the study as per theory.

PDF file: