Outputs (64)

The Interplay between Regulations and Financial Stability (2018)
Journal Article
Allen, F., & Gu, X. (2018). The Interplay between Regulations and Financial Stability. Journal of Financial Services Research, 53(2-3), 233-248. https://doi.org/10.1007/s10693-018-0296-7

The crisis demonstrated that microprudential regulation focusing on the risks taken by individual banks is not sufficient to prevent crises. This is because it ignores systemic risk. Six types of systemic risk are identified, namely: (i) panics – ban... Read More about The Interplay between Regulations and Financial Stability.

Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia (2018)
Journal Article
Ahmed, H., & Elsayed, A. (2019). Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia. The Quarterly Review of Economics and Finance, 74, 56-66. https://doi.org/10.1016/j.qref.2018.04.005

This study examines the decoupling hypothesis between Islamic and conventional capital markets by analysing the dynamic interdependencies among conventional stock, Islamic stock, bonds and sukuk markets in Malaysia over the period January 3, 2007 to... Read More about Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia.

Asymmetric Endogenous Prize Contests (2018)
Journal Article
Damianov, D., Sanders, S., & Yildizparlak, A. (2018). Asymmetric Endogenous Prize Contests. Theory and Decision, 85(3-4), 435-453. https://doi.org/10.1007/s11238-018-9661-0

We consider a two-player contest in which one contestant has a headstart advantage, but both can exert further effort. We allow the prize to depend on total performance in the contest and consider the respective cases in which efforts are productive... Read More about Asymmetric Endogenous Prize Contests.

Comparing the Determinants of Fund Flows in Domestically Managed Malaysian Islamic and Conventional Equity Funds (2018)
Journal Article
Othman, J., Asutay, M., & Jamailan, N. (2018). Comparing the Determinants of Fund Flows in Domestically Managed Malaysian Islamic and Conventional Equity Funds. Journal of Islamic Accounting and Business Research, 9(3), 401-414. https://doi.org/10.1108/jiabr-07-2016-0084

Purpose: This paper aims to provide an empirical evidence on the fund flows-past return performance relationship by also considering the management expense ratio, the portfolio turnover, the fund size and the fund age of Islamic equity funds (IEF) in... Read More about Comparing the Determinants of Fund Flows in Domestically Managed Malaysian Islamic and Conventional Equity Funds.

Do Managers Keep Their Word? The Disclosure of Merger Intention at Pre-merger Issuance and M&A Performance (2018)
Journal Article
Guo, M., Hu, N., Li, L., & Wang, X. (2019). Do Managers Keep Their Word? The Disclosure of Merger Intention at Pre-merger Issuance and M&A Performance. Finance Research Letters, 28, 20-31. https://doi.org/10.1016/j.frl.2018.03.007

This paper investigates whether disclosing merger intention at the announcement of equity/debt issuance has an impact on subsequent M&A transactions. We find that companies tend to issue higher proceeds when they reveal their merger intentions, and,... Read More about Do Managers Keep Their Word? The Disclosure of Merger Intention at Pre-merger Issuance and M&A Performance.

Financial Consumer Protection Regime in Malaysia: Assessment of the Legal and Regulatory Framework (2018)
Journal Article
Ahmed, H., & Ibrahim, I. (2018). Financial Consumer Protection Regime in Malaysia: Assessment of the Legal and Regulatory Framework. Journal of Consumer Policy, 41(2), 159-175. https://doi.org/10.1007/s10603-018-9369-0

This paper examines the status of the legal and regulatory framework for consumer protection in Malaysia, an emerging economy. Using leximetrics and notions of incomplete law, the paper explores the financial consumer protection regime in the country... Read More about Financial Consumer Protection Regime in Malaysia: Assessment of the Legal and Regulatory Framework.

Reprint of: Assessing the effects of unconventional monetary policy and low interest rates on pension fund risk incentives (2018)
Journal Article
Boubaker, S., Gounopoulos, D., Nguyen, D. K., & Paltalidis, N. (2018). Reprint of: Assessing the effects of unconventional monetary policy and low interest rates on pension fund risk incentives. Journal of Banking and Finance, 92, 340-357. https://doi.org/10.1016/j.jbankfin.2018.03.003

This study quantifies the effects of persistently low interest rates near to the zero lower bound and unconventional monetary policy on pension fund risk incentives in the United States. Using two structural vector autoregressive (VAR) models and a c... Read More about Reprint of: Assessing the effects of unconventional monetary policy and low interest rates on pension fund risk incentives.

Prize-Based Mechanisms for Fund-Raising: Theory and Experiments (2018)
Journal Article
Damianov, D., & Peeters, R. (2018). Prize-Based Mechanisms for Fund-Raising: Theory and Experiments. Economic Inquiry, 56(3), 1562-1584. https://doi.org/10.1111/ecin.12570

We study the optimal design of mechanisms for the private provision of public goods in a setting in which donors compete for a prize of commonly known value. We discuss equilibrium bidding in mechanisms that promote both conditional cooperation and c... Read More about Prize-Based Mechanisms for Fund-Raising: Theory and Experiments.

On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market (2018)
Journal Article
Damianov, D., & Elsayed, A. (2018). On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market. Finance Research Letters, 27, 193-200. https://doi.org/10.1016/j.frl.2018.03.001

Using monthly returns for the January 1975–December 2016 time period in U.S. markets, we report large variations in total, net and pairwise return spillovers across the housing market, the mortgage and equity real estate investment trusts (REITs) mar... Read More about On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market.

The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective (2018)
Journal Article
Ebrahim, M. S., & Sheikh, M. (2018). The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective. Arab Law Quarterly, 32(4), 385-412. https://doi.org/10.1163/15730255-12324051

This article studies the relation between Islam and economic development from a juridico-philosophical perspective. A fresh review of this issue is timely, because of the ongoing laggardness of Arab and Muslim economies due to decades of Pareto-infer... Read More about The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective.