Wealth effect of Islamic bond offering announcement (Table of contents and abstract only)
In this study the wealth effect of Islamic bond offering announcement was investigated using a firm's data from 2001 to 2005. Three types of Islamic Bonds were examined: Mudharabah, Al-Bai Bithamin Ajil and Ijarah. The results show that there no significant positive abnormal return occurs f...
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| Format: | Thesis |
| Published: |
2007
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| Online Access: | https://library.oum.edu.my/repository/326/1/nasyra_wealth.pdf https://library.oum.edu.my/repository/326/ |
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| _version_ | 1831338848949370880 |
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| author | Nasyra Ab Jamil, |
| author_facet | Nasyra Ab Jamil, |
| author_sort | Nasyra Ab Jamil, |
| building | OUM Library |
| collection | Institutional Repository |
| content_provider | Open University Malaysia |
| content_source | OUM Knowledge Repository |
| continent | Asia |
| country | Malaysia |
| description | In this study the wealth effect of Islamic bond offering announcement was
investigated using a firm's data from 2001 to 2005. Three types of Islamic Bonds were
examined: Mudharabah, Al-Bai Bithamin Ajil and Ijarah.
The results show that there no significant positive abnormal return occurs
following an Islamic bond offering announcement. The findings revealed that Malaysian
investors respond positively to these announcements, perceiving them as good, thus
creating a positive wealth effect. This positive effect is consistent with the findings of
Chang(2004) and suggests that Islamic bond financing is a means of minimizing the
cost and increasing the opportunity of investment when value and timing are uncertain. (Author's abstract) |
| format | Thesis |
| id | my.oum.326 |
| institution | Open University Malaysia |
| publishDate | 2007 |
| record_format | eprints |
| spelling | my.oum.3262013-07-18T07:44:59Z Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) Nasyra Ab Jamil, HG Finance In this study the wealth effect of Islamic bond offering announcement was investigated using a firm's data from 2001 to 2005. Three types of Islamic Bonds were examined: Mudharabah, Al-Bai Bithamin Ajil and Ijarah. The results show that there no significant positive abnormal return occurs following an Islamic bond offering announcement. The findings revealed that Malaysian investors respond positively to these announcements, perceiving them as good, thus creating a positive wealth effect. This positive effect is consistent with the findings of Chang(2004) and suggests that Islamic bond financing is a means of minimizing the cost and increasing the opportunity of investment when value and timing are uncertain. (Author's abstract) 2007 Thesis NonPeerReviewed text https://library.oum.edu.my/repository/326/1/nasyra_wealth.pdf Nasyra Ab Jamil, (2007) Wealth effect of Islamic bond offering announcement (Table of contents and abstract only). Masters thesis, Open University Malaysia (OUM). https://library.oum.edu.my/repository/326/ |
| spellingShingle | HG Finance Nasyra Ab Jamil, Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title | Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title_full | Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title_fullStr | Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title_full_unstemmed | Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title_short | Wealth effect of Islamic bond offering announcement (Table of contents and abstract only) |
| title_sort | wealth effect of islamic bond offering announcement (table of contents and abstract only) |
| topic | HG Finance |
| url | https://library.oum.edu.my/repository/326/1/nasyra_wealth.pdf https://library.oum.edu.my/repository/326/ |
| url_provider | http://library.oum.edu.my/repository/ |