We use a propensity score matching procedure to compare the returns of sukuk and conventional bond issuances in the primary market in the period 2000-2021. The results of our analysis show that sukuk are issued at lower overall coupon levels than conventional bonds. We find that the difference...

We examine the relationship between oil as a major export for the member countries of the Gulf Cooperation Council (GCC) and the forward levels of all GCC currencies using wavelet analysis. We find that oil and GCC forward markets have significant but weak relationships at high frequencies. We...

We analyse how investors respond to announcements of investment in renewable energy by international oil companies. Although the transition from oil to renewable energy is generally viewed as a positive outcome for all oil companies, our results show that market participants do not value all...

This study is the first to analyse the relative importance of a number of the most cited determinants of bank risk and profitability using random forest’s relative value importance measure. The results show that a bank’s profitability is largely determined by bank-specific factors, while a...