We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … action-oriented than others. We theorize that this is driven by their lower levels of loss aversion and higher levels of … on curiosity and lower on loss aversion; (ii) the di fference in action-orientedness between entrepreneurs and others …

they do, or at least that defaults and credit spreads tend to co-move with macro-economic variables. If true, this is …

We extend the Hidden Markov Model for defaults of Crowder, Davis, and Giampieri (2005) to include covariates. The …

agreement). Yet defaults did happen, even in the case of musharakah (joint venture) sukuk discussed in this study. So is Islamic … finance failing to deliver on its promises? To answer that question, we analyse four major defaults on Sukuk that have …