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The Effect of Islamic Private Debt Securities Rating Changes On Firm's Common Stock Returns

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dc.contributor.authorMod Asri, N.en_US
dc.contributor.authorAbdul Karim, Z.en_US
dc.contributor.authorShahimi, S.en_US
dc.contributor.authorAbdullah Al-Hadi, A.en_US
dc.date.accessioned2024-05-29T08:19:56Z
dc.date.available2024-05-29T08:19:56Z
dc.date.issued2004
dc.description.abstractThis paper examines the effect of Islamic private debt securities (IPDS) rating changes on the firm's common stock returns. It will provide the evidence of relationship between bonds rating and stocks return based on the traded IPDS rated by MARC and RAM, and common stock monthly price of listed firms in KLSE. Based on several different measures of abnormal return, the findings are consistent with the preposition that bond downgrading conveys information to common stockholders. As for bond upgrading, the stock price adjustments were statically insignificant in the month of announcement.
dc.identifier.epage38
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage25
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/2
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14498
dc.identifier.volume1
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Research
dc.sourceOpen Journal Systems
dc.subjectBond ratingen_US
dc.subjectStocks prices and returnsen_US
dc.subjectIslamic private debt securities (IPDS)en_US
dc.titleThe Effect of Islamic Private Debt Securities Rating Changes On Firm's Common Stock Returns
dc.typeArticleen_US
dspace.entity.typePublication

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