Parlak, Deniz; Yildiz, Mehmet Emin; Yilmaz, Naci - In: Borsa Istanbul Review 24 (2024) 2, pp. 398-405
'ah convergence and investigates the relationship between a firm's market-to-book ratio and convergence to Shari'ah rules. We … results show that the degree of Shari'ah convergence has a statistically significant negative effect on the market-to-book … ratio, which can be seen as a proxy for the market value of equity. …