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Islamic corporate finance, financial markets, and institutions: An overview
16 references·5 citing·44 second hop
Islamic corporate finance, financial markets, and institutions: An overview (2018)Islamic corporate finance, financial mark…The governance, risk-taking, and performance of Islamic banks (2016)The governance, risk-taking, …Are Islamic Banks More Resilient During Financial Panics? (2015)Are Islamic Banks More Resili…Of religion and redemption: evidence from default on islamic loans (2014)Of religion and redemption: e…Risk in Islamic Banking (2013)Risk in Islamic BankingPerformance of global Islamic versus conventional share indices: International evidence (2013)Performance of global Islamic…Matching perception with the reality—Performance of Islamic equity investments (2013)Matching perception with the …Islamic vs. conventional banks: Business models, efficiency and stability (2013)Islamic vs. conventional bank…Do Islamic stock indexes outperform conventional stock indexes? A stochastic dominance approach (2013)Do Islamic stock indexes outp…Risk and return characteristics of Islamic equity funds (2011)Risk and return characteristi…Islamic mutual funds' financial performance and international investment style : evidence from 20 countries (2011)Islamic mutual funds' financi…Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes (2011)Faith-Based Ethical Investing…Do Islamic Banks Have Greater Market Power? (2011)Do Islamic Banks Have Greater…Competitive conditions in Islamic and conventional banking: A global perspective (2010)Competitive conditions in Isl…Islamic Financial Institutions and Corporate Governance: New Insights for Agency Theory (2009)Islamic Financial Institution…Mutual Fund Attributes and Investor Behavior (2007)Mutual Fund Attributes and In…Ethical Investment Revisited (2005)Ethical Investment RevisitedOil structural shocks, bank-level characteristics, and systemic risk: Evidence from dual banking systems (2022)Oil structural shocks, bank-l…Equity costs and risks in emerging markets: Are ESG and Sharia principles complementary? (2022)Equity costs and risks in eme…Entrepreneurial finance, agency problems and Islamic ethics: complementarities and constraints (2022)Entrepreneurial finance, agen…The trade-off between knowledge accumulation and independence: The case of the Shariah supervisory board within the Shariah governance and firm performance nexus (2021)The trade-off between knowled…Capital structure of Islamic banks: How different are they from conventional banks? (2021)Capital structure of Islamic …Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Common risk factors in the returns on stocks and bonds (1993)Socially responsible funds and market crises (2014)Impact of ESG factors on firm risk in Europe (2016)Impact investing (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dynamic dependence of the global Islamic equity index with global conventional equity market indices and risk factors (2014)Islamic financial markets and global crises: Contagion or decoupling? (2016)Risk transmission between Islamic and conventional stock markets: A return and volatility spillover analysis (2017)PORTFOLIO SELECTION* (1952)Rules for Ordering Uncertain Prospects (1969)Emerging new themes in environmental, social and governance investing: a systematic literature review (2019)Sustainable finance and investment: Review and research agenda (2021)Separation of Ownership and Control (1983)Higher market valuation of companies with a small board of directors (1996)Corporate Governance and Equity Prices (2003)Does Board of Director’s Characteristics Affect Firm Performance? Evidence from Malaysian Public Listed Companies (2012)Corporate governance in Islamic banks: New insights for dual board structure and agency relationships (2017)A systematic qualitative case study: questions, data collection, NVivo analysis and saturation (2020)Credit Rationing in Markets with Imperfect Information (1981)Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? (2000)The Theory of Bank Risk Taking and Competition Revisited (2005)Islamic vs. conventional banking: Business model, efficiency and stability (2012)ISLAMIC BANKING AND FINANCE: RECENT EMPIRICAL LITERATURE AND DIRECTIONS FOR FUTURE RESEARCH (2015)The ‘competition–stability/fragility’ nexus: A comparative analysis of Islamic and conventional banks (2017)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Initial conditions and moment restrictions in dynamic panel data models (1998)Econometric Analysis of Cross Section and Panel Data (2001)A contemporary survey of islamic banking literature (2017)Trust, commitment, customer intimacy and customer loyalty in Islamic banking relationships (2018)Global banking stability in the shadow of Covid-19 outbreak (2021)Islamic Banks and Financial Stability (2008)Does religion matter in corporate decision making in America? (2009)The Performance of Mutual Funds in the Period 1945-1964 (1968)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)International evidence on ethical mutual fund performance and investment style (2004)On Persistence in Mutual Fund Performance (1997)How strong are the causal relationships between Islamic stock markets and conventional financial systems? Evidence from linear and nonlinear tests (2013)Do social factors influence investment behavior and performance? Evidence from mutual fund holdings (2015)The impact of social and environmental sustainability on financial performance: A global analysis of the banking sector (2019)Riding the FinTech innovation wave: FinTech, patents and bank performance (2021)
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References

  • 2013Islamic vs. conventional banks: Business models, efficiency and stability1,529 cited
  • 2007Mutual Fund Attributes and Investor Behavior765 cited
  • 2013Risk in Islamic Banking687 cited
  • 2016The governance, risk-taking, and performance of Islamic banks377 cited
  • 2009Islamic Financial Institutions and Corporate Governance: New Insights for Agency Theory316 cited
  • 2010Competitive conditions in Islamic and conventional banking: A global perspective310 cited
  • 2013Performance of global Islamic versus conventional share indices: International evidence305 cited
  • 2011Risk and return characteristics of Islamic equity funds305 cited
  • 2013Do Islamic stock indexes outperform conventional stock indexes? A stochastic dominance approach295 cited
  • 2011Islamic mutual funds' financial performance and international investment style : evidence from 20 countries275 cited
  • 2014Of religion and redemption: evidence from default on islamic loans258 cited
  • 2005Ethical Investment Revisited235 cited
  • 2015Are Islamic Banks More Resilient During Financial Panics?168 cited
  • 2011Faith-Based Ethical Investing: The Case of Dow Jones Islamic Indexes157 cited
  • 2013Matching perception with the reality—Performance of Islamic equity investments

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145 cited
  • 2011Do Islamic Banks Have Greater Market Power?134 cited
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    • 2022Equity costs and risks in emerging markets: Are ESG and Sharia principles complementary?30 cited
    • 2021Capital structure of Islamic banks: How different are they from conventional banks?29 cited
    • 2022Oil structural shocks, bank-level characteristics, and systemic risk: Evidence from dual banking systems22 cited
    • 2022Entrepreneurial finance, agency problems and Islamic ethics: complementarities and constraints16 cited
    • 2021The trade-off between knowledge accumulation and independence: The case of the Shariah supervisory board within the Shariah governance and firm performance nexus14 cited