I devise a novel way of linking the neoclassical theory and the q-theory of investment that does away with the need to impute variables from noisy market signals and directly uses the cross-section of observable and relatively more precisely measurable firm characteristics. I show that for a...

Financial inclusion for individuals has been a topic of widespread research & policy interest in the recent years. Even though widely regarded as an important policy objective, an adequate theoretical framework elaborating the choice process behind such phenomenon is lacking in the literature....

Islamic economics has its roots in the divine sources of Islam. Despite a respectable body of literature on the subject, a little progress has been made in developing theory of Islamic economics. The paper proposes a methodology for making a beginning in this direction. The divine sources of...

Making a critical review of the conventional classification of factors of production, this paper presents a new classification based on the modes of payments for them approved by shariah. Entrepreneurial and hired factors of production are then described and their demand and supply conditions...