Does leverage level matter for return anomaly during rights issue announcements?: the case of Islamic countries

Purpose This paper aims to measure investors' perception of the rights issue announcement of publicly listed companies in five stock markets of Islamic countries. Then, these firms are grouped according to their debt level to examine whether abnormal returns are different from those that are hi...

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Bibliographic Details
Authors: Isiker, Murat (Author) ; Tas, Oktay (Author)
Format: Electronic Article
Language:English
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Published: Emerald Publishing Service 2021
In: Islamic economic studies
Year: 2021, Volume: 28, Issue: 2, Pages: 141-155
Further subjects:B Return anomaly
B Event study methodology
B Sharīʿah compliance
B Announcement effect
B Aufsatz in Zeitschrift
B Leverage level
B Rights issue
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