Monetary management is an essential part of the objectives of Shari’ah under the umbrella of the preservation of wealth (Ma’al). Our primary sources; Qur’an and Sunn’ah, provide divine legislation on the prohibition of Riba to manage bases of monetary transaction. Further, the juristic...

Using acquisition data from 2010-2018, we examine the impact of acquisitions by foreign SOEs on politically connected domestic U.S. competitors. We examine the initial response to such acquisition announcements, the attempts of industry incumbents to increase their own political connections, and...

We employ the event study method to examine the impacts of the collapse of a prominent tech industry bank, Silicon Valley Bank (SVB), on the global stock markets. The collapse triggered panic and uncertainty, leading to significant negative returns worldwide. The magnitude of the impact was more...

We examine the relationship between financial firm corporate lobbying, shareholder-based litigation outcomes, and firm value. We show that political lobbying lowers federal class action securities litigation likelihood for public financial institutions. Secondly, lobbying firms experience a...

We document that firms without strong corporate cultures hold excess inventory to mitigate the operational risk compared to their peers with strong corporate cultures. Further analyses reveal that firms balance the costs and benefits of excess inventory holdings. Weak corporate culture values...

This study empirically analyzes the MPTM through bank’ balance sheet in Pakistan for the period of 2008-2018. The data set consists of 22 conventional banks and 18 Islamic banks (5 full-fledged and 13 Islamic windows of conventional banks) of Pakistan. The study employs the robust two-step...

Purpose – Modern portfolio theory demonstrates that a well-diversified portfolio will minimize unsystematic risk. It may be impractical to achieve a well-diversified portfolio of venture capital (VC) investments due to market imperfections, leading to the decision to specialize. The purpose of...

Through a thorough analysis of emerging legal and regulatory issues in Islamic finance law and practice in Malaysia, this exciting new study covers issues such as blockchain technology, anti-money laundering, and FinTech in Islamic finance.

Purpose – There is a great deal of research that has been done to investigate the investment characteristics of conventional socially responsible investment portfolios compared to their broader conventional counterparts. However, the impact of incorporating sustainability criteria into the...

Purpose – The purpose of this study is to investigate the effects of increased fund commitments on portfolio size and subsequent effects on portfolio success rates. This paper empirically analyzes the changes in average portfolio size over a 20-year time period and how these changes affect the...