Purpose: The purpose of this paper is to examine the extent of risk shifting behavior in bonds andsukuk. 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...

Purpose: The purpose of this study is to identify selected information from the prospectus that might signal the initial public offering (IPO) offer price. Design/methodology/approach: This study uses cross-sectional data for a 14-year period from 2000 to 2014 in examining hypotheses relating...

Purpose: This paper aims to investigate the value of information content and informativeness of the analyst report for Sharīʿah-compliant shares in Malaysia. Design/methodology/approach: The authors use a sample of 657 daily published analyst reports on Sharīʿah-compliant shares from 2010...