Empirical evidence of risk shifting in bonds and debt-based sukuk: The case of Malaysian corporations

Purpose: The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting as the primary cause of the global financial crisis. Yet, the dangers of this debt-financing feature are largely...

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Bibliographic Details

Main Authors:	Hamzah S.R., Ismath Bacha O., Mirakhor A., Abdul Kader Malim N.
Other Authors:	Faculty of Science and Technology
Format:	Article
Language:	English en_US
Published:	Emerald Group Publishing Ltd. 2024
Subjects:	Bonds Debt-based sukuk Equity-based sukuk Global financial crisis Risk sharing Risk shifting sukuk
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