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 rating is...
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2013.
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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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