Publication:
Essays on risk sharing and economic efficiency
Abstract
Economists and scholars have identified that risk shifting is the root cause of global financial crisis. Unfortunately, the danger of this debt-financing feature has been neglected. One piece of evidence is that global debt continues to grow at record level post crisis. Recognizing the relationship between risk shifting and the global financial crisis, this study encourages the need to curb this feature by defining types of securities that may induce firms to engage in risk shifting ...
Keywords
Islamic finance , Risk
Citation
Hamzah, S. R. (2015). Essays on risk sharing and economic efficiency (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2417
Publisher
INCEIF