Risk shifting elimination and risk sharing exposure in equity-based financing – a theoretical exposition

Purpose: The purpose of this paper is to examine incentives for risk shifting in debt- and equity-based contracts based on the critiques of the similarities between sukuk and bonds. Design/methodology/approach: This paper uses a theoretical and mathematical model to investigate whether incentives fo...

Full description

Bibliographic Details

Main Authors:	Hamzah S.R., Ishak N., Rasedee A.F.N.
Other Authors:	Faculty of Economics and Muamalat
Format:	Article
Language:	English en_US
Published:	Emerald Group Publishing Ltd. 2024
Subjects:	Bond Equity Risk sharing Risk shifting Sukuk
Tags:	Add Tag No Tags, Be the first to tag this record!