Warrant is normally priced on the basis of Black and Scholes' model, which refers to calculations in a risk neutral world. Hence, it neither captures the market expectation nor being a good reference for the risk management process. This study examines a new way of pricing warrants under the...

We introduce novel evidence in the research on religious and social norms in the Indonesian stock market with the same investigation method and observation period. In the sample period 2009-2021, we investigate Shariah-Compliant (SC) firms (publicly listed firms that follow the Jakarta Islamic...