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Wealth effect of sukuk issuance announcement in two markets

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dc.contributor.authorMohamed Ariff
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.contributor.authorZiyaad Mahomed
dc.date.accessioned2018-06-07T02:42:50Z
dc.date.available2018-06-07T02:42:50Z
dc.date.issued2017
dc.description.abstractThis chapter is written with a view to explain how stock prices react to the issuance of a new kind of debt instrument (the sukuk debt certificates) in two stock markets in the period 2001-15. The existing classical corporate finance theory considers share prices' response to capital issuances to be crucial to any understanding on how to maximize the firm value and thus the shareholder wealth. How this is achieved has been debated extensively and deliberated elaborately by academics over six decades. It stands to reason, though, that maximizing firm value requires effective investment decisions which in turn necessitates access to a valuable source of capital.en_US
dc.identifier.citationMahomed, Z., Ariff, M., & Ramadili Mohd, S. M. (2017). Wealth effect of sukuk issuance announcement in two markets. In Mohamed Ariff & Shamsher Mohamad Ramadili Mohd. (Eds.), Islamic wealth management: theory and practice (pp. 225-246). Cheltenham, United Kingdom: Edward Elgar Publishing Limited.en_US
dc.identifier.isbn9781786439390 (eBook)
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2883
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEdward Elgar Publishing Limiteden_US
dc.rights2017. Edward Elgar Publishing Limited
dc.sourceSEDONA
dc.subjectWealth effecten_US
dc.subjectSukuk issuanceen_US
dc.titleWealth effect of sukuk issuance announcement in two marketsen_US
dc.typeChapter in Booken_US
dlc.maintopicIslamic capital markets
dlc.subtopicSukuk
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in physical copy and e-book (Call number: BP 190.5 W4 I82)
ikr.topic.maintopicIslamic capital marketsen_US
ikr.topic.subtopicIslamic capital markets
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relation.isAuthorOfPublication.latestForDiscovery33b91dde-0170-454c-8f2b-ec4b208837b9
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