Mahomed, Ziyaad; Ramadilli, Shamsher; Ariff, Mohamed - In: Journal of Islamic Accounting and Business Research 9 (2018) 4, pp. 567-586
Purpose: The effects of capital-raising announcements have long been used as an indicator of increased shareholder wealth (Brown and Warner, 1985). Studies on bond announcements, for example, have been largely inconclusive. However, when effects are measured based on bond underlying structure,...