Do the Type of Sukuk and Choice of Shari a Scholar Matter is popular PDF and ePub book, written by Christophe Godlewski in 2014-08-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Do the Type of Sukuk and Choice of Shari a Scholar Matter can be Read Online from any device for your convenience.
Do the Type of Sukuk and Choice of Shari a Scholar Matter Book PDF Summary
Sukuk, the shari’a-compliant alternative mode of financing to conventional bonds, have expanded considerably over the last decade. We analyze the stock market reaction to two key features of this financial instrument: sukuk type and characteristics of the shari’a scholar certifying the issue. We use the event study methodology to measure abnormal returns for a sample of 131 sukuk from eight countries over the period 2006-2013 and find that Ijara sukuk structures exert a positive influence on the stock price of the issuing firm. We observe a similar positive impact from shari’a scholar reputation and proximity to issuer. Overall our results support the hypotheses that the type of sukuk and the choice of scholars hired to certify these securities matter for the market valuation of the issuing company.
Detail Book of Do the Type of Sukuk and Choice of Shari a Scholar Matter PDF
- Author : Christophe Godlewski
- Release : 11 August 2014
- Publisher : International Monetary Fund
- ISBN : 9781498398794
- Genre : Business & Economics
- Total Page : 25 pages
- Language : English
- PDF File Size : 9,8 Mb
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