Shariah issue of warrant contract: empirical evidence from warrant mispricing in Malaysia market

QR Code

Shariah issue of warrant contract: empirical evidence from warrant mispricing in Malaysia market

The objective of this paper is to analyze the “gharar” issue of warrant by presenting the empirical evidence of warrant mispricing in Malaysia's market (moneyness and mispricing) and its determinant. The Black Scholes Option Pricing Model (BSOPM) will be used to detect mispricing in a warrant&#...

Full description

Bibliographic Details
Main Authors:	Qizam, Ibnu, Ardiansyah, Misnen, Haron, Razali
Format:	Article
Language:	English
Published:	Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga Yogyakarta 2013
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/32297/ http://irep.iium.edu.my/32297/1/GRIEB11050068.pdf

Similar Items

Gharar and mispricing of equity warrants, Malaysian evidence
by: Haron, Razali
Published: (2014)

Predicting Sukuk Default Probability and Its Relationship with Systematic and Unsystematic Risks: Case Study of Sukuk in Indonesia
by: Ardiansyah, Misnen, et al.
Published: (2013)

The pricing efficiency of Malaysian equity warrants: studies using black scholes option pricing model (BSOPM)
by: Haron, Razali
Published: (2006)

Predicting sukuk default probability and its relationship with the sukuk rating level: case study of sukuk in Malaysia
by: Ardiansyah, Misnen, et al.
Published: (2012)

Embedded options and the issue of gharar: Malaysian empirical evidence
by: Haron, Razali
Published: (2015)

Embedded options and the issue of Gharar. Malaysian empirical evidence
by: Haron, Razali
Published: (2014)

Debt determinants of shariah approved firms: Empirical evidence from Malaysia
by: Ramli, Nurshamimitul Ezza, et al.
Published: (2016)

Does the corporate financing behaviour of shariah compliant firms differ from non-shariah compliant firms? An Indonesian empirical evidence
by: Haron, Razali, et al.
Published: (2016)

Capital structure determinants of Shariah-compliant firms: Malaysian evidence
by: Sahudin, Zahariah, et al.
Published: (2015)

Target capital structure and speed of adjustment: Panel data evidence on Malaysia Shariah compliant securities
by: Haron, Razali, et al.
Published: (2012)

Corporate financing dynamics: Malaysia empirical evidence
by: Haron, Razali, et al.
Published: (2012)

Islamic capital market and debt financing of Shariah-compliant firms in Indonesia
by: Haron, Razali, et al.
Published: (2016)

Debt financing behaviour of Shariah compliant SMEs (enterprise 50). A dynamic approach on Malaysian Islamic capital market
by: Haron, Razali
Published: (2015)

Investigating firm and country specifics in pursuing optimality. Shariah compliant securities in Malaysia
by: Haron, Razali
Published: (2013)

Corporate financing behaviour of shariah compliant E50 SMEs. A panel data approach of GMM
by: Haron, Razali
Published: (2016)

The impact of GST implementation on the Malaysian stock market index volatility: an empirical approach
by: Haron, Razali, et al.
Published: (2018)

Volatility component of derivative market: evidence from FBMKLCI based on CGARCH
by: Haron, Razali, et al.
Published: (2015)

Capital structure inconclusiveness: evidence from Malaysia
by: Haron, Razali
Published: (2013)

Debt financing behaviour: panel data evidence on medium enterprises
by: Haron, Razali
Published: (2015)

Derivatives, pricing efficiency and gharar. Evidence on embedded options in Malaysia
by: Haron, Razali
Published: (2014)

Derivatives, pricing efficiency and gharar: evidence on embedded options in Malaysia
by: Haron, Razali
Published: (2014)

The financing choices of firms after financial liberalization : Indonesian evidence
by: Haron, Razali
Published: (2016)

Adjustment factors and firms’ rational financing behaviour. Malaysia evidence
by: Haron, Razali
Published: (2013)

Firms’ speed of adjustment and rational financing behaviour: Malaysian evidence
by: Haron, Razali
Published: (2014)

Capital structure inconclusiveness: evidence from Malaysia, Thailand and Singapore
by: Haron, Razali
Published: (2014)

Firm level, ownership concentration and industry level determinants of capital structure in an emerging market: Indonesia evidence
by: Haron, Razali
Published: (2018)

Debt financing behaviour: panel data evidence on medium enterprise
by: Haron, Razali, et al.
Published: (2016)

Examining systematic risk on Malaysian firms: panel data evidence
by: Ibrahim, Khairunisah, et al.
Published: (2016)

Ownership and debt financing: Indonesia evidence
by: Haron, Razali
Published: (2017)

How director remuneration impacts firm performance: an empirical analysis of executive director remuneration in Pakistan
by: azlam, ejaz, et al.
Published: (2019)

Board of directors, strategic control and corporate financial performance of Malaysian listed construction and technology companies: an empirical analysis
by: Haron, Razali, et al.
Published: (2008)

Efficiency of Qatari banking industry: an empirical investigation
by: Abdul-Hamid, Abdul Wahab, et al.
Published: (2017)

Determinants of working capital management before, during and after the global financial crisis of 2008: evidence from Malaysia
by: Haron, Razali, et al.
Published: (2015)

Determinants of working capital management before, during, and after the global financial crisis of 2008: Evidence from Malaysia
by: Haron, Razali, et al.
Published: (2016)

The impact of sukuk on corporate financing: Malaysia evidence
by: Haron, Razali, et al.
Published: (2012)

Corporate financing decisions: Malaysia survey evidence
by: Ibrahim, Khairunisah, et al.
Published: (2011)

Dynamic adjustment towards target capital structure: Thailand evidence
by: Haron, Razali, et al.
Published: (2013)

Factors Affecting Speed of Adjustment to Target Leverage: Malaysia Evidence
by: Haron, Razali, et al.
Published: (2013)

Studies of The Impact of Warrant Financing on Corporations and The Determinants That Affect The Warrant Issues
by: Yeung, Chi Man
Published: (2010)

Studies of The Impact of Warrant Financing on Corporations and The Determinants That Affect The Warrant Issues
by: Yeung, Chi Man
Published: (2010)