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Efficient Market Hypothesis (EMH) is founded on the theory of expected rationality but the theory of behavioural …
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the modified pecking order theory. We study the external funding preferences of Malaysian firms using quarterly data of …
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In typical settings of consumption, productive opportunities, and capital markets, we model the behavior of a Muslim agent who exhibits neoclassical preferences, absolute risk aversion, and a binding faith constraint called Sharia. In the certainty model, the agent requires a real return that...
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Macroeconomic Model for an ‘Islamic’ Economy -- Chapter 3. Re-emergence of Islamic Monetary Economics: A Review of Theory and … financial system. Derived from the Conference on Islamic Monetary Economics and Institutions: Theory and Practice 2017 held in …
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