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Outputs (4)

Investor heterogeneity, market segmentation, leverage and the equity premium puzzle. (2001)
Journal Article
Ebrahim, M., & Mathur, I. (2001). Investor heterogeneity, market segmentation, leverage and the equity premium puzzle. Journal of Banking and Finance, 25(10), 1897-1919. https://doi.org/10.1016/s0378-4266%2800%2900164-3

Financial economists for the past two decades have attempted to explain why the equity premium is so high, now known as the equity premium puzzle (EPP). We model investor heterogeneity, market segmentation and optimal leverage, using the time separab... Read More about Investor heterogeneity, market segmentation, leverage and the equity premium puzzle..

The Pricing of Debt and Pareto-Optimal Financing under Endogenous Bankruptcy (2001)
Journal Article
Ebrahim, M., & Mathur, I. (2001). The Pricing of Debt and Pareto-Optimal Financing under Endogenous Bankruptcy. International Journal of Theoretical and Applied Finance, 4(3), 491-509. https://doi.org/10.1142/s0219024901001085

Using an agency theoretical framework, this paper extends the optimal capital structure literature by modeling the rivalry between equity and debt to arrive at some very fundamental results involving endogeneity of bankruptcy, equilibrium interest ra... Read More about The Pricing of Debt and Pareto-Optimal Financing under Endogenous Bankruptcy.

Islamic Banking in Brunei Darussalam (2001)
Journal Article
Ebrahim, M., & Kai Joo, T. (2001). Islamic Banking in Brunei Darussalam. International Journal of Social Economics, 28(4), 314-337. https://doi.org/10.1108/03068290110357708

This paper studies the current realities of the Islamic banking system of Brunei Darussalam from the perspective of the theories of modern financial intermediation and Islamic financial contracting. The limited information on the banking system of Br... Read More about Islamic Banking in Brunei Darussalam.