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Outputs (49)

Ethical Disclosure in the Shari’ah Annual Reports of Islamic Banks: Discourse on Shari’ah Governance, Quantitative Empirics and Qualitative Analysis (2020)
Journal Article
Sencal, H., & Asutay, M. (2021). Ethical Disclosure in the Shari’ah Annual Reports of Islamic Banks: Discourse on Shari’ah Governance, Quantitative Empirics and Qualitative Analysis. Corporate Governance, 21(1), 175-211. https://doi.org/10.1108/cg-01-2020-0037

Purpose As an essential component of Islamic governance for ensuring religious compliance, Shari’ah annual reports (SARs) play an important role in providing communication between Shari’ah board (SB) members and stakeholders. This paper aims to deter... Read More about Ethical Disclosure in the Shari’ah Annual Reports of Islamic Banks: Discourse on Shari’ah Governance, Quantitative Empirics and Qualitative Analysis.

Risk Governance and Financial Stability: A Comparative Study of Conventional and Islamic Banks in the GCC   (2020)
Journal Article
Raouf, H., & Ahmed, H. (2022). Risk Governance and Financial Stability: A Comparative Study of Conventional and Islamic Banks in the GCC  . Global Finance Journal, 52, Article 100599. https://doi.org/10.1016/j.gfj.2020.100599

While the linkage between bank governance and financial stability has been discussed widely, empirical explorations of the strength of this relationship are scant. This paper examines the specific role of risk governance in promoting financial stabil... Read More about Risk Governance and Financial Stability: A Comparative Study of Conventional and Islamic Banks in the GCC  .

Do state visits affect cross-border mergers and acquisitions? (2020)
Journal Article
Aleksanyan, M., Hao, Z., Vagenas-Nanos, E., & Verwijmeren, P. (2021). Do state visits affect cross-border mergers and acquisitions?. Journal of Corporate Finance, 66, Article 101800. https://doi.org/10.1016/j.jcorpfin.2020.101800

This paper studies the relation between state visits and cross-border merger and acquisition (M&A) activity. Based on 1161 state visits and 11,531 cross-border acquisitions, we find that corporations from visiting countries are more likely to acquire... Read More about Do state visits affect cross-border mergers and acquisitions?.

Combining Islamic Equity Portfolios and Digital Currencies: Evidence from Portfolio Diversification (2020)
Book Chapter
El Alaoui, A. O., Dchieche, A., & Asutay, M. (2021). Combining Islamic Equity Portfolios and Digital Currencies: Evidence from Portfolio Diversification. In N. Alam, & S. Nazim Ali (Eds.), Fintech, digital Currency and the future of Islamic finance. Palgrave Macmillan. https://doi.org/10.1007/978-3-030-49248-9_3

Digital currencies are unregulated and potentially have a destabilizing effect coupled with increased concerns over capital gains and losses in a high volatility environment. When added to a portfolio, this currency may have certain driving factors i... Read More about Combining Islamic Equity Portfolios and Digital Currencies: Evidence from Portfolio Diversification.

How Profitable are Equity Release Mortgages? (2020)
Journal Article
Buckner, D., & Dowd, K. (2020). How Profitable are Equity Release Mortgages?. Economics Letters, 197, Article 109651. https://doi.org/10.1016/j.econlet.2020.109651

We obtain valuations of UK Equity Release Mortgages under the ‘market consistent’ approach consistent with conventional option pricing and the ‘discounted projection’ approach used by the industry. Projections of the expected profitability of these p... Read More about How Profitable are Equity Release Mortgages?.

Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers (2020)
Journal Article
Berger, A. N., Irresberger, F., & Roman, R. A. (2020). Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers. Journal of Money, Credit and Banking, 52(S1), 149-191. https://doi.org/10.1111/jmcb.12738

We analyze comparative advantages/disadvantages of small and large banks in improving household financial sentiment. Matching University of Michigan Surveys of Consumers household sentiment data with local banking market data from 2000 to 2014, we fi... Read More about Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers.

Debtholder Monitoring Incentives and Bank Earnings Opacity (2020)
Journal Article
Danisewicz, P., McGowan, D., Onali, E., & Schaeck, K. (2020). Debtholder Monitoring Incentives and Bank Earnings Opacity. Journal of Financial and Quantitative Analysis, 56(4), 1408-1445. https://doi.org/10.1017/s0022109020000241

We exploit exogenous legislative changes that alter the priority structure of different classes of debt to study how debtholder monitoring incentives affect bank earnings opacity. We present novel evidence that exposing nondepositors to greater losse... Read More about Debtholder Monitoring Incentives and Bank Earnings Opacity.

The ABC of Soil Literacy - Evidence from Ghana, South Africa and Zimbabwe (2020)
Report
Johnson, K., Philip, D., & Engels, C. (2020). The ABC of Soil Literacy - Evidence from Ghana, South Africa and Zimbabwe. [No known commissioning body]

Climate change and soil health are intimately linked, as reflected in the United Nation’s Sustainable Development Goal (SDG) 15. Land degradation is responsible for a significant proportion of all global greenhouse gas emissions (WGII, IPCC, 2007), t... Read More about The ABC of Soil Literacy - Evidence from Ghana, South Africa and Zimbabwe.

A Nonparametric Approach to Portfolio Shrinkage (2020)
Journal Article
Han, C. (2020). A Nonparametric Approach to Portfolio Shrinkage. Journal of Banking and Finance, 120, Article 105953. https://doi.org/10.1016/j.jbankfin.2020.105953

This paper develops a shrinkage model for portfolio choice. It places a layer on a conventional portfolio problem where the optimal portfolio is shrunk towards a reference portfolio. The model can accommodate a wide range of portfolio problems with v... Read More about A Nonparametric Approach to Portfolio Shrinkage.