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Outputs (48)

Finance and Development in Muslim Economies (2017)
Journal Article
Ebrahim, M., Molyneux, P., & Ongena, S. (2017). Finance and Development in Muslim Economies. Journal of Financial Services Research, 51(2), 165-167. https://doi.org/10.1007/s10693-017-0273-6

The recent trend in the Muslim world towards reinforcing their cultural (i.e., religious) values on their economic policies and institutions has resulted in a roughly $2 trillion Islamic financial services industry. This industry is quite resilient a... Read More about Finance and Development in Muslim Economies.

Partial Structural Break Identi fication (2017)
Journal Article
Han, C., & Taamouti, A. (2017). Partial Structural Break Identi fication. Oxford Bulletin of Economics and Statistics, 79(2), 145-164. https://doi.org/10.1111/obes.12153

We propose an extension of the existing information criterion-based structural break identification approaches. The extended approach helps identify both pure structural change (break) and partial structural change (break). A pure structural change r... Read More about Partial Structural Break Identi fication.

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?.

A Geometric Treatment of Time-Varying Volatilities (2017)
Journal Article
Han, C., Park, F. C., & Kang, J. (2017). A Geometric Treatment of Time-Varying Volatilities. Review of Quantitative Finance and Accounting, 49(4), 1121-1141. https://doi.org/10.1007/s11156-017-0618-0

In this article, we propose a new framework for addressing multivariate time-varying volatilities. By employing methods of differential geometry, our model respects the geometric structure of the covariance space, i.e., symmetry and positive definite... Read More about A Geometric Treatment of Time-Varying Volatilities.

The role of corporate political strategies in M&As (2017)
Journal Article
Croci, E., Pantzalis, C., Park, J. C., & Petmezas, D. (2017). The role of corporate political strategies in M&As. Journal of Corporate Finance, 43, 260-287. https://doi.org/10.1016/j.jcorpfin.2017.01.009

In line with the view that politics can complicate M&A deals, we find that firms contributing to political action committees or involved in lobbying are less likely to be acquired and their takeover process is lengthier. As we empirically show, this... Read More about The role of corporate political strategies in M&As.

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.