Sukuk rating and earnings response coefficient / Nor Balkish Zakaria, Mohamad Azwan Md Isa , Rabiatul Alawiyah Zainal Abidin
Abstract Purpose - This paper empirically examines the effect of Sukuk (Islamic bond) rating as an additional risk in explaining the earning response coefficient Design/methodology - A sample of to 2011 were examined by using reverse regression method. Findings - The study finds that Sukuk rati...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://ir.uitm.edu.my/id/eprint/40481/ |
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| Summary: | Abstract
Purpose - This paper empirically examines the effect of Sukuk (Islamic bond) rating as
an additional risk in explaining the earning response coefficient
Design/methodology - A sample of
to 2011 were examined by using reverse regression method.
Findings - The study finds that Sukuk rating is strongly correlated to default risk
measure and Sukuk rating is significant and negative to ERC.
Originality/value - The study thus provides systematic and comprehensive evidence on
the effect of Sukuk rating on ERC.
Keywords: Sukuk rating, defaul risk |
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