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Debt: how much is too much?
Published 2014“…Debt provides value to firms but excessive debt exposes firms to bankruptcy risk. We have discovered the optimum amount of debt a firm may employ that in return, could minimize bankruptcy risk.…”
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Proceeding Paper -
2
Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law
Published 2013“…With a focus on Islamic financial transactions and Islamic financial institutions, this paper examines the interplay between three related concepts of insolvency, bankruptcy and debt restructuring. Balancing these three situations in time of financial distress of an Islamic financial institution requires a fair consideration of the rights of both the debtors‘ and creditors‘. …”
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Proceeding Paper