Risk shifting elimination and risk sharing exposure in equity-based financing – a theoretical exposition
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DOI: 10.1108/mf-05-2017-0187
Abstract: Purpose The purpose of this paper is to examine incentives for risk shifting in debt- and equity-based contracts based on the critiques of the similarities between sukuk and bonds. Design/methodology/approach This paper uses a theoretical… read more here.
Keywords: equity based; risk; risk shifting; shifting behaviour ... See more keywords