ORCID Profile
0000-0001-8342-9889
Current Organisations
RMIT University
,
La Trobe University
,
Harvard University
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Publisher: Springer Science and Business Media LLC
Date: 03-08-2022
DOI: 10.1007/S10660-022-09595-Z
Abstract: This study is the first to examine the impact of FinTech firms on bank financial stability. Using a s le of 26 banks from an emerging market (Malaysia), over the period 2003–2018, we find that the development of FinTech firms over time increases bank financial stability. We uncover further evidence that FinTech firms’ impact on bank financial stability holds when we conduct sub-s le analyses by bank size, bank type (Islamic vis-à-vis conventional), and level of corporate governance. The results are robust to alternative model specifications, measures of financial stability, and FinTech.
Publisher: Elsevier BV
Date: 09-2022
Publisher: Elsevier BV
Date: 04-2019
Publisher: Elsevier BV
Date: 12-2020
Publisher: Elsevier BV
Date: 09-2020
Publisher: Virtus Interpress
Date: 2016
Abstract: This paper aims to contribute to the corporate governance literature by examining the effects of board governance and ownership structure on financing decisions in an emerging country context. Using hand collected corporate governance data from a panel s le of 110 publically-listed firms in Bangladesh over 2009-2012, this study finds that the corporate debt ratio is not related to standard board of directors mechanisms.The results indicate that board of directors play little role in resolving conflicts in an environment with the presence of strong principal-principal agency conflict. The study also finds no evidence of institutional investors’ activism in a manner that is consistent with the goals of other outside stockholders due to the weak regulatory and market discipline. This empirical evidence from the principal-principal agency conflicts (conflict of interest between majority shareholders and minority shareholders) offers insights to policy makers in emerging countries interested to protect minority shareholders’ rights and to ensure effective corporate governance of capital structure decisions.
Publisher: Elsevier BV
Date: 09-2021
Publisher: Elsevier BV
Date: 04-2023
Publisher: Elsevier BV
Date: 05-2022
Publisher: Elsevier BV
Date: 02-2022
Publisher: Elsevier BV
Date: 02-2022
Publisher: Wiley
Date: 17-11-2019
DOI: 10.1111/IRFI.12290
Abstract: Previous studies have compared risk–return characteristics of Islamic equity indices with their conventional counterparts, which may produce spurious results because a conventional equity index includes both Islamic and non‐Islamic constituents. Hence, this study compares Islamic equity portfolios with their non‐Islamic counterparts. We find that aggregate Islamic equity portfolios generally outperform non‐Islamic equity portfolios after controlling for the five asset pricing factors—market, size, value, profitability, and investment (Fama and French, 2015). The average cost of equity is 2.77 percentage points lower for Islamic firms compared to non‐Islamic firms. The findings hold for the various segments of the global equity market, and remain robust when the interest rate‐augmented and the liquidity factor‐augmented versions of the Fama–French five‐factor model are employed. The GRS test results suggest these asset pricing models may not be adequate for pricing both Islamic and non‐Islamic equities.
Publisher: Elsevier BV
Date: 08-2021
Publisher: Elsevier BV
Date: 03-2021
Publisher: Elsevier BV
Date: 11-2022
Location: United Kingdom of Great Britain and Northern Ireland
No related grants have been discovered for Md Safiullah.