• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文会议>international economics and business management research confrience >Firm's Growth and Sustainability: The Role of Institutional Investors in Mitigating the Default Risks of Sukuk and Conventional Bonds
【24h】

Firm's Growth and Sustainability: The Role of Institutional Investors in Mitigating the Default Risks of Sukuk and Conventional Bonds

机译：公司的增长和可持续性：机构投资者在减轻苏克鲁克和常规债券的违约风险方面的作用

获取原文
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This study investigates the relationship of conventional bonds and sukuk' yields spread to institutional investors using multivariate regression model. Secondary data was used for issuance (N= 212 of conventional bonds and 325 of sukuk) cover the 2000-2014 periods which are gathered from Bank Negara Info Bond Hub website. Though, data on issuer performance has been obtained from Bloomberg and Thompson Data Stream. The results revealed that monitoring role and voting rights decisions by owned large ownership of shareholding in the company have a relationship towards sukuk issuances in mitigating the default risks but not for conventional bonds. Overall, there are 6 variables statistically significant relationship with yields spread for conventional bonds compared to only 4 for sukuk. Implying that, sukuk issuance doesn't have any significant relationship with the elements that involved "riba" for instance, volatility effects and inflation rate proxy by consumer price index (CPI) as recorded by conventional bonds. However, both types of issuances give a good signal for the firm's sustainability growth performance at 99 percent significant level to mitigate the default risks with respect to yield spreads of sukuk and conventional bonds.
机译：本研究调查了使用多元回归模型的传统债券和Sukuk的收益率的关系。二次数据用于发出（N = 212的常规债券和Sukuk 325）涵盖2000-2014周期，这些期间由银行Negara信息债券中心网站收集。但是，已经从彭博和汤普森数据流获得了有关发行商性能的数据。结果表明，通过本公司拥有大量股权所有权的监测作用和投票权决策对Sukuk发行的关系，以减轻违约风险，而不是传统债券。总体而言，与Sukuk仅有4，有6个变量与常规键的产量差异差异。暗示，Sukuk发布与常规债券记录的消费者价格指数（CPI）的挥发性效应和通货膨胀率代理没有任何重要的关系。然而，两种类型的发行使公司的可持续发展性能良好地提供了99％的重要层面，以减轻苏克库和常规债券的收益率传播的违约风险。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号