Empirical evidence of risk shifting in bonds and debt-based sukuk

Purpose The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting as the primary cause of the global financial crisis. Yet, the dangers of this debt-financing feature are largely...

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Veröffentlicht in:	Journal of Islamic accounting and business research 2018-10, Vol.9 (5), p.687-700
Hauptverfasser:	Hamzah, Siti Raihana, Ismath Bacha, Obiyathulla, Mirakhor, Abbas, Abdul Kader Malim, Nurhafiza
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital markets Default Economic crisis Equity financing GDP Global economy Gross Domestic Product International finance Investors Islamic financing Islamic law Risk management Risk sharing Sustainability
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