This paper highlights the workings of Islamic banking and finance in general, and Mudaraba as a finance instrument in particular. Historically Mudaraba was practiced by Arabs long before the advent of Islam, and is therefore considered by many scholars to be the most authentic form of Islamic...

This study uses biform game models to examine firms' patent deployment strategies that involve a choice between appropriating a patented technology to gain a unique competitive advantage or licensing the technology to a competitor in the product market. It addresses the question of under what...

This paper investigates the impact of Contingent Convertible (CoCo bonds) on systemic risk. Based on the network and liquidity channel, we compare the differences in default contagion and clearing payment between financial systems with and without CoCo bonds. By analyzing the sensitivity of...