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Political Lobbying, Insider Trading, and CEO Compensation
Brodmann, Jennifer - 2019
In this study, we determine why CEOs from lobbying firms receive higher pay compared to their non-lobbying peers. We investigate whether insider trading can explain high CEO pay. Using hand-collected firm-level lobbying data, we examine whether CEOs from lobbying firms engage in insider trading...
Persistent link: https://www.econbiz.de/10012870944
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Religiosity, Neglected Risk and Asset Returns : Theory and Evidence from Islamic Finance Industry
Azmat, Saad - 2019
(Islamic) finance structures. Using stock prices data for 104 Islamic bond (Sukuk) issuers, our analysis shows that Islamic … bond issuers experienced a significant decline in their stock prices, following multiple formal and informal announcements … in 2008, which challenged the religious legitimacy of Islamic bond structures. We complement our analysis using 1361 new …
Persistent link: https://www.econbiz.de/10012866104
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Are Islamic bonds different from conventional bonds? International evidence from capital market tests
Alam, Nafis; Hassan, M. Kabir; Haque, Mohammad Aminul - In: Borsa Istanbul Review 13 (2013) 3, pp. 22-29
other hand market reaction is positive for announcement of conventional bond before the crisis period and negative during … and after crisis periods. The size of bond offering appears to have a negative impact on the cumulative abnormal return in … case of Sukuk and positive in case of conventional bond. …
Persistent link: https://www.econbiz.de/10010743407
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Corporate Lobbying, CEO Political Ideology and Firm Performance
Unsal, Omer - 2018
by firms with Republican leaning-managers, which lobby a larger number of bills and have higher lobbying expenditures … Republican managers, compared to Democratic and Apolitical rivals. Overall, our results suggest that the effects of lobbying on …
Persistent link: https://www.econbiz.de/10012909836
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Corporate Lobbying, CEO Political Ideology and Firm Performance
Unsal, Omer - 2019
by firms with Republican leaning-managers, which lobby a larger number of bills and have higher lobbying expenditures … Republican managers, compared to Democratic and Apolitical rivals. Overall, our results suggest that the effects of lobbying on …
Persistent link: https://www.econbiz.de/10012870937
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Product Recalls and Security Prices : New Evidence From the US Market
Unsal, Omer - 2019
We examine 1460 product recalls that were announced by U.S Official Agencies between January 1990 and December 2014. Consistent with previous research, we report statistically significant negative abnormal returns during the announcement dates. Moreover, our results suggest two main objectives....
Persistent link: https://www.econbiz.de/10012870948
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Does a search attention index explain portfolio returns in India?
Dharani, M.; Hassan, M. Kabir; Abedin, Mohammad Zoynul; … - In: Borsa Istanbul Review 22 (2022) 2, pp. 226-239
Employing asset-pricing models over the period 2012 to 2017, this study examines whether a search attention index (SAI) explains the variation in the weekly excess return of stocks. The study finds that the estimated abnormal return of a portfolio based on search intensity is significantly high...
Persistent link: https://www.econbiz.de/10013183936
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Islamic labeled firms : Revisiting Dow Jones measure of compliance
Elnahas, Ahmed - 2020
Billions of dollars, across 131 countries, are invested in Islamic law-compliant funds that are often promoted as consistent with the spirit and overall objectives of Islam (Maqasid Al-Sharia), thereby indicating they are more socially responsible, less risky, and less prone to failure. The...
Persistent link: https://www.econbiz.de/10012850567
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Price discovery process in the emerging sovereign CDS and equity markets
Ngene, Geoffrey M.; Hassan, M. Kabir; Alam, Nafis - In: Emerging markets review 21 (2014), pp. 117-132
Persistent link: https://www.econbiz.de/10011304334
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The Stock Market Reactions to Terminations of Over Funded Pension Plans
Singha-Uthorn, Nobchanok - 2018
Using most recent firm level data over the period 1986-1994, this study examines the stock market reaction with respect to pension plan type (defined benefit or defined contribution) established following the termination of an over funded DB plan. Generally, we find support for the separation...
Persistent link: https://www.econbiz.de/10012909715