Risk assessment of the Egyptian stock market in the wake of the Arab Spring
Journal of Economic and Administrative Sciences
ISSN: 1026-4116
Article publication date: 16 November 2015
Abstract
Purpose
The purpose of this paper is to shed some light on the Egyptian stock market and its macroeconomic environment in the wake of the Arab Spring.
Design/methodology/approach
The paper examines whether the averages of the EGX30 index price changes in addition to key macroeconomic variables are statistically significant pre and post Arab Spring.
Findings
High inflation in the period up to the Arab Spring was a major contributing factor for the uprising. The solutions for the EGX30 index troubles are political and macroeconomic.
Originality/value
The variables examined pre and post Arab Spring are EGX30 returns, EGX30 total market value, US$ reserves kept at the Egyptian Central Bank, US$ to Egyptian pounds exchange, and inflation.
Keywords
Acknowledgements
JEL Classification — E44, G14
The paper was presented at The 9th Asia Pacific Management Accounting Association (APMAA) 2013 Conference, Nagoya University, Japan, November 1-4, 2013. The author have received many helpful comments and corrections from participants, especially from Professor Yasuo Hoshino and Susumu Ueno.
Citation
Omran, M.F. (2015), "Risk assessment of the Egyptian stock market in the wake of the Arab Spring", Journal of Economic and Administrative Sciences, Vol. 31 No. 2, pp. 66-70. https://doi.org/10.1108/JEAS-05-2014-0010
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited