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Outputs (6)

Exploring International Economic Integration through Sukuk Market Connectivity: A Network Perspective (2017)
Journal Article
Asutay, M., & Hakim, A. (2018). Exploring International Economic Integration through Sukuk Market Connectivity: A Network Perspective. Research in International Business and Finance, 46, 77-94. https://doi.org/10.1016/j.ribaf.2017.10.003

This paper aims to measure the degree of international financial and economic integration through sukuk markets among the eight sukuk issuing countries for the period of 2004–2014. In empirically modelling the study, the ‘standard perfect financial i... Read More about Exploring International Economic Integration through Sukuk Market Connectivity: A Network Perspective.

Nonperforming loans in the GCC banking sectors: Does the Islamic finance matter? (2017)
Journal Article
Alandejani, M., & Asutay, M. (2017). Nonperforming loans in the GCC banking sectors: Does the Islamic finance matter?. Research in International Business and Finance, 42, 832-854. https://doi.org/10.1016/j.ribaf.2017.07.020

This paper investigates the bank-level and country-level factors determining nonperforming loans (NPL) in the commercial banking industry of Gulf Cooperation Council (GCC) countries. Specifically; it examines the impact of the sectoral distribution f... Read More about Nonperforming loans in the GCC banking sectors: Does the Islamic finance matter?.

Integrated early warning prediction model for Islamic banks: the Malaysian case (2017)
Journal Article
Othman, J., & Asutay, M. (2018). Integrated early warning prediction model for Islamic banks: the Malaysian case. Journal of Banking Regulation, 19(2), 118-130. https://doi.org/10.1057/s41261-017-0040-5

It is increasingly becoming important to predict the performance of Islamic banks in order to anticipate a problem before it materializes and negatively affects banks’ performance and financial standing. Benefiting from the earlier research on the su... Read More about Integrated early warning prediction model for Islamic banks: the Malaysian case.

What explains corporate sukuk primary market spreads? (2017)
Journal Article
Ayturk, Y., Asutay, M., & Aksak, E. (2017). What explains corporate sukuk primary market spreads?. Research in International Business and Finance, 40, 141-149. https://doi.org/10.1016/j.ribaf.2017.01.002

This study investigates the determining factors of international corporate sukuk pricing in the primary market for the period of 2004–2015. We present novel evidence for a unique data set covering all 63 international corporate sukuk issuances consis... Read More about What explains corporate sukuk primary market spreads?.

Leverage versus volatility: Evidence from the capital structure of European firms (2017)
Journal Article
El Alaoui, A., Ismath Bacha, O., Masiha, M., & Asutay, M. (2017). Leverage versus volatility: Evidence from the capital structure of European firms. Economic Modelling, 62, 145-160. https://doi.org/10.1016/j.econmod.2016.11.023

The impact of leverage on financial market stability and the relationship with the real economy is a key concern among researchers. This paper makes an initial attempt to investigate the relationship between a firm’s leverage, return and share price... Read More about Leverage versus volatility: Evidence from the capital structure of European firms.