Publication:
Determinants of sukuk and conventional debt security offers in the context of trade-off and pecking-order theories
Abstract
Sukuk is dominating the Malaysian capital market with strong support from the government, mega-conglomerates and firms. As an important source of firms' financing, sukuk is increasingly catching up with existing conventional debt in terms of transaction volume and the number of deals. In spite of the rising interest among issuers in sukuk offers, research to appraise firm's issuance motives and the subsequent effects on shareholders' wealth upon sukuk and conventional bond announcement remains limited. Hence, through this initial study, firstly, we examine the association of firm specific characteristics with the respective debt security principles offers ...
Keywords
Sukuk , Islamic bonds
Citation
Hanifa, M. H. (2015). Determinants of sukuk and conventional debt security offers in the context of trade-off and pecking-order theories (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2390
Publisher
INCEIF
Available in physical copy only (Call Number: t HG 4651 M697D)