The well‐known modes of raising and mobilizing venture capital in Islam known as mudarabah and musharakah (m&m) in Islamic economics are critically examined. In the form as m&m presently exist, they are pointed out to be pre‐Islamic financing instruments that came into usage in the Islamic...

Outlines the difference between the attitude of Menger and that of Böhm‐Bawerk to Roscher′s economic system. Argues that this difference symbolizes the difference in their theoretical contributions in the field of interest theory. Contrasts Menger′s use of theoretic assumption with...

A primary focus of empirical earnings research is whether accounting earnings contain meaningful and timely information that can be used by market participants to value securities. Empirically, accounting earnings numbers are considered to be reliable representations of economic performance if...

The emergence of the international debt crisis in the 1980s is typically explained through exogenous shocks to the global economic system, first generating excess liquidity and then creating conditions which render previously attractive lending operations unprofitable. Thus, the international...

With recent trends toward globalization and capital market integration, emerging markets have increasingly become the target of many investors in search for higher returns. Before placing their money abroad, however, investors need to bear considerable challenges in mind. While investments in...

This dissertation (consisting of two essays) analyzes the impact of policy measures used to control the risk-taking behavior of banks. Specifically, the first essay explores the impact of increasing the required minimum capital to asset ratios on the riskiness of banks' assets. The second essay...

This dissertation develops a supply and demand based theory of equity price determination to investigate the unprecedented run-up in U.S. equity values during 1982-1999. The model draws insight from both fundamental valuation analysis, and various speculative market theories. It also...