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

• Main Authors: Zamzamir@Zamzamin, zaminor, Haron, Razali, Ahmad Bahurul Ulum, Zatul Karamah, Abdullah Othman, Anwar Hasan
• Format: Article
• Language: English
• Published: Emerald 2021
• Subjects: HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/89954/1/89954_Non-linear%20relationship%20between%20foreign%20currency.pdf; http://irep.iium.edu.my/89954/; https://www.emerald.com/insight/content/doi/10.1108/IES-09-2020-0036/full/pdf?title=non-linear-relationship-between-foreign-currency-derivatives-and-firm-value-evidence-on-shariah-compliant-firms

This study examines the impact of hedging on firm value of Shariah 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 ROE). The samp...