{"id":"https://openalex.org/W126010095","doi":null,"title":"Islamic bonds and the wealth effects: Evidence from Malaysia","display_name":"Islamic bonds and the wealth effects: Evidence from Malaysia","publication_year":2009,"publication_date":"2009-01-01","ids":{"openalex":"https://openalex.org/W126010095","mag":"126010095"},"language":"en","primary_location":{"id":"pmh:oai:repo.uum.edu.my:15735","doi":null,"is_oa":true,"landing_page_url":"https://repo.uum.edu.my/id/eprint/15735/1/imfi.pdf","pdf_url":"http://repo.uum.edu.my/15735/1/imfi.pdf","source":{"id":"https://openalex.org/S4306400886","display_name":"Universiti Utara Malaysia Institutional Repository (Universiti Utara Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I65079550","host_organization_name":"Universiti Malaysia Perlis","host_organization_lineage":["https://openalex.org/I65079550"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},"volume":null,"type":"article","indexed_in":["doaj"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://repo.uum.edu.my/15735/1/imfi.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5112369656","display_name":"Yusnidah Ibrahim","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I94625822","display_name":"Universiti Utara Malaysia","ror":"https://ror.org/01ss10648","country_code":"MY","type":"education","lineage":["https://openalex.org/I94625822"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Yusnidah Ibrahim","raw_affiliation_strings":["Ph.D., Professor of Finance, School of Economics, Finance and Banking, Universiti Utara Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ph.D., Professor of Finance, School of Economics, Finance and Banking, Universiti Utara Malaysia","institution_ids":["https://openalex.org/I94625822"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5075272467","display_name":"Mohd Sobri Minai","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mohd Sobri Minai","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.7545,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.95460251,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sukuk","display_name":"sukuk","score":0.9940000176429749},{"id":"https://openalex.org/keywords/wealth-effects","display_name":"wealth effects","score":0.7260000109672546},{"id":"https://openalex.org/keywords/market-reaction","display_name":"market reaction","score":0.7229999899864197},{"id":"https://openalex.org/keywords/islamic-capital-market","display_name":"Islamic capital market","score":0.5180000066757202},{"id":"https://openalex.org/keywords/sharia-compliance","display_name":"sharia compliance","score":0.8119999766349792},{"id":"https://openalex.org/keywords/investment-opportunities","display_name":"investment opportunities","score":0.8309999704360962},{"id":"https://openalex.org/keywords/issue-size","display_name":"issue size","score":0.7870000004768372},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.8009999990463257},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.6629999876022339},{"id":"https://openalex.org/keywords/free-cash-flow","display_name":"free cash flow","score":0.871999979019165},{"id":"https://openalex.org/keywords/information-disclosure","display_name":"information disclosure","score":0.6549999713897705},{"id":"https://openalex.org/keywords/malaysian-listed-firms","display_name":"Malaysian listed companies","score":0.6949999928474426}],"concepts":[{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.7415639758110046},{"id":"https://openalex.org/C138170105","wikidata":"https://www.wikidata.org/wiki/Q1337949","display_name":"Issuer","level":2,"score":0.7265040874481201},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.7058990597724915},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.6290997266769409},{"id":"https://openalex.org/C2776985281","wikidata":"https://www.wikidata.org/wiki/Q1145541","display_name":"Sukuk","level":4,"score":0.6084702014923096},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5962418913841248},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.5654416680335999},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5546494722366333},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5367653965950012},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.42919549345970154},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4082198739051819},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3586798906326294},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3570793867111206},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3249169588088989},{"id":"https://openalex.org/C2991718497","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic finance","level":3,"score":0.26509159803390503},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.08273372054100037},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:repo.uum.edu.my:15735","doi":null,"is_oa":true,"landing_page_url":"https://repo.uum.edu.my/id/eprint/15735/1/imfi.pdf","pdf_url":"http://repo.uum.edu.my/15735/1/imfi.pdf","source":{"id":"https://openalex.org/S4306400886","display_name":"Universiti Utara Malaysia Institutional Repository (Universiti Utara Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I65079550","host_organization_name":"Universiti Malaysia Perlis","host_organization_lineage":["https://openalex.org/I65079550"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:doaj.org/article:4d3cbbd82f684780ba1ec2833a46cda0","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/4d3cbbd82f684780ba1ec2833a46cda0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Investment Management & Financial Innovations, Vol 6, Iss 1 (2009)","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:repo.uum.edu.my:15735","doi":null,"is_oa":true,"landing_page_url":"https://repo.uum.edu.my/id/eprint/15735/1/imfi.pdf","pdf_url":"http://repo.uum.edu.my/15735/1/imfi.pdf","source":{"id":"https://openalex.org/S4306400886","display_name":"Universiti Utara Malaysia Institutional Repository (Universiti Utara Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I65079550","host_organization_name":"Universiti Malaysia Perlis","host_organization_lineage":["https://openalex.org/I65079550"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W126010095.pdf","grobid_xml":"https://content.openalex.org/works/W126010095.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7038657989","https://openalex.org/W2619849987","https://openalex.org/W7096718522","https://openalex.org/W2016900742","https://openalex.org/W2616968348","https://openalex.org/W2920341844","https://openalex.org/W7046115490","https://openalex.org/W7218027668","https://openalex.org/W3169006996","https://openalex.org/W4312887954"],"abstract_inverted_index":{"The":[0],"fast":[1],"growing":[2],"numbers":[3],"of":[4,16,24,35,62,113,123,186],"Islamic":[5,25,36,63,124,168,199],"bonds":[6],"issuance":[7,126],"in":[8,179],"Malaysia":[9],"and":[10,39,56,86,100,136,145],"worldwide,":[11],"coupled":[12],"with":[13,91,204],"the":[14,22,29,32,45,60,69,95,101,114,120,132,140,147,152,158,190,205],"lack":[15],"corporate":[17],"finance":[18],"literature":[19],"that":[20,44,119,157,194],"integrates":[21],"development":[23],"capital":[26,70],"market":[27,46],"motivate":[28],"study":[30,117],"on":[31,181,189],"wealth":[33,115,121,191],"effects":[34],"debt":[37,64,200],"offerings":[38],"their":[40],"determinants.It":[41],"is":[42,48,128,149,161,173],"found":[43,178],"reaction":[47,160],"significantly":[49],"positive":[50,159],"during":[51],"event":[52],"windows":[53],"-3,":[54,57],"0":[55],"3":[58],"surrounding":[59],"announcements":[61,127],"issuance.Five":[65],"variables":[66,112],"suggested":[67],"by":[68,131,139,151],"structure":[71],"literature,":[72],"namely":[73],"firms":[74],"size":[75,78,144],"(SIZE),":[76],"issue":[77,141],"(AMT),":[79],"leverage":[80],"(LEV),":[81],"free":[82],"cash":[83],"flows":[84],"(FCF)":[85],"investment":[87,134],"opportunity":[88,135],"(TQ)":[89],"together":[90],"two":[92],"new":[93],"variables,":[94],"syariah":[96],"compliant":[97,169],"status":[98],"(SYAR)":[99],"Security":[102],"Commission\u2019s":[103],"(SC)":[104],"approval":[105,188],"(APPROVAL)":[106],"were":[107],"modeled":[108],"as":[109],"potential":[110],"explanatory":[111],"effects.The":[116],"concludes":[118],"effect":[122,192],"bond":[125],"positively":[129],"influenced":[130,138],"issuer\u2019s":[133],"negatively":[137],"size,":[142],"firm":[143],"whether":[146],"announcement":[148],"accompanied":[150],"SC":[153,187],"approval.The":[154],"finding":[155],"implies":[156],"not":[162,202],"due":[163,174],"to":[164,175],"investors\u2019":[165],"preference":[166],"for":[167],"activities":[170],"but":[171],"it":[172],"similar":[176],"factors":[177],"studies":[180],"conventional":[182],"bonds.The":[183],"negative":[184],"influence":[185],"indicates":[193],"many":[195],"listed":[196],"companies":[197],"issuing":[198],"are":[201],"complying":[203],"information":[206],"disclosure":[207],"requirement.":[208]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-08T09:06:37.294493","created_date":"2016-06-24T00:00:00"}
