2018
DOI: 10.1016/j.jempfin.2018.02.002
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Bank loan announcements and religious investors: Empirical evidence from Saudi Arabia

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Cited by 9 publications
(3 citation statements)
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“…Islamic stock returns are explained by standard financial and macroeconomic characteristics; thus showing resemblance to the conventional stock universe (Narayan et al, 2016). Similarly to conventional markets, Islamic markets react to news (Almansour & Ongena, 2018;El Ouadghiri & Peillex, 2018;Narayan & Bannigidadmath, 2017). It is often argued that trading strategies involving Islamic stocks have superior returns (Alaoui et al, 2015;, but this is often counterweighted by the risk these stocks typically exhibit or is method and/or sample-dependent.…”
Section: Introductionmentioning
confidence: 99%
“…Islamic stock returns are explained by standard financial and macroeconomic characteristics; thus showing resemblance to the conventional stock universe (Narayan et al, 2016). Similarly to conventional markets, Islamic markets react to news (Almansour & Ongena, 2018;El Ouadghiri & Peillex, 2018;Narayan & Bannigidadmath, 2017). It is often argued that trading strategies involving Islamic stocks have superior returns (Alaoui et al, 2015;, but this is often counterweighted by the risk these stocks typically exhibit or is method and/or sample-dependent.…”
Section: Introductionmentioning
confidence: 99%
“…However, choosing Islamic or conventional banking in itself can be informative for investors. For example, investors in Saudi Arabia welcome the use of Islamic bank financing by listed companies [4]. In addition, firms issuing Islamic bonds can pay a lower coupon than an equivalent conventional issue [5].…”
Section: Comparative Assessment Of Banking Modelsmentioning
confidence: 99%
“…Coming in second were investors between the ages of 26 and 35 which were also within the age group of the millennials (The Star Online, 2017). Ramazan Yildirim, Mansur Masih and Obiyathulla Ismath Bacha (2018) and Omar Farooq (2016) have discussed the issue of many individual investors from Islamic countries pursue investing only in Shariah-compliant stocks whereby this type of investors is willing to accept the cost of holding a less than efficient portfolio if they obtain more utility from holding assets that adhere to their social or faith-based norms (Almansour and Ongena, 2018;Saadaoui, 2018). In order to meet this increasing demand for Shariah-compliant shares, corporations are now aggressively competing in disseminating online financial communication through social media to attract millennial investors.…”
Section: Introductionmentioning
confidence: 99%