Non-linear relationship between foreign currency derivatives and firm value: evidence on Sharīʿah compliant firms

Non-linear relationship between foreign currency derivatives and firm value: evidence on Sharīʿah compliant firms

Purpose – This study examines the impact of hedging on firm value of Sharīʿah compliant firms (SCFs) in a non-linear framework. Design/methodology/approach – This study employs the system-GMM for dynamic panel data to examine the influence of derivatives usage on firm value (Tobin's Q, ROA and...

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Bibliographic Details
Main Authors: Zaminor Zamzamir@Zamzamin, Razali Haron, Zatul Karamah Ahmad Baharul Ulum, Anwar Hasan Abdullah Othman
Format: Article
Language:English
Published: Emerald Publishing 2021-08-01
Series:Islamic Economic Studies
Subjects:
Hedging
Derivatives
Firm value
Sharīʿah compliant firms
Non-linear
Online Access:https://www.emerald.com/insight/content/doi/10.1108/IES-09-2020-0036/full/pdf

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https://www.emerald.com/insight/content/doi/10.1108/IES-09-2020-0036/full/pdf

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