Details about Obiyathulla Ismath Bacha

Access statistics for papers by Obiyathulla Ismath Bacha.

Last updated 2023-07-10. Update your information in the RePEc Author Service.

Short-id: pba608

Working Papers

2018

1. Determinants of capital structure - Evidence from Shari'ah compliant and non-compliant firms
   MPRA Paper, University Library of Munich, Germany View citations (6)
   See also Journal Article Determinants of capital structure: evidence from Shari'ah compliant and non-compliant firms, Pacific-Basin Finance Journal, Elsevier (2018) View citations (9) (2018)

2014

2. Combining Momentum, Value, and Quality for the Islamic Equity Portfolio: Multi-style Rotation Strategies using Augmented Black Litterman Factor Model
   MPRA Paper, University Library of Munich, Germany View citations (1)
   See also Journal Article Combining momentum, value, and quality for the Islamic equity portfolio: Multi-style rotation strategies using augmented Black Litterman factor model, Pacific-Basin Finance Journal, Elsevier (2015) View citations (18) (2015)
3. Does a held-to-maturity strategy impede effective portfolio diversification for Islamic bond (sukuk) portfolios? A multi-scale continuous wavelet correlation analysis
   MPRA Paper, University Library of Munich, Germany View citations (3)
4. How do Macroeconomic Changes Impact Islamic and Conventional Equity Prices? Evidence from Developed and Emerging Countries
   MPRA Paper, University Library of Munich, Germany View citations (2)
5. Is the global leadership of the US financial market over other financial markets shaken by 2007-2009 financial crisis? Evidence from Wavelet Analysis
   MPRA Paper, University Library of Munich, Germany
6. Leverage versus volatility: Evidence from the Capital Structure of European Firms
   MPRA Paper, University Library of Munich, Germany
7. Leverage, Sensitivity to Market Risk and Contagion: A Multi-Country Analysis for Shari’ah(Islamic) Stock Screening
   MPRA Paper, University Library of Munich, Germany
8. Leverage, return, volatility and contagion: Evidence from the portfolio framework
   MPRA Paper, University Library of Munich, Germany
9. Multi-scale Lead-Lag Relationship between the Stock and Futures Markets: Malaysia as a Case Study
   MPRA Paper, University Library of Munich, Germany View citations (2)
10. Stock Market Co-movement and Shock Transmission: Islamic versus Conventional Equity Indices
    MPRA Paper, University Library of Munich, Germany View citations (1)
11. Testing Sukuk And Conventional Bond Offers Based On Corporate Financing Theories Using Partial Adjustment Models: Evidence From Malaysian Listed Firms
    MPRA Paper, University Library of Munich, Germany View citations (1)
12. Testing the Conventional and Islamic Financial Market Contagion: Evidence from Wavelet Analysis
    MPRA Paper, University Library of Munich, Germany View citations (11)
    See also Journal Article Testing the Conventional and Islamic Financial Market Contagion: Evidence from Wavelet Analysis, Emerging Markets Finance and Trade, Taylor & Francis Journals (2016) View citations (34) (2016)
13. The Role of Islamic Asset Classes in the Diversified Portfolios: Mean Variance Spanning Test
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article The role of Islamic asset classes in the diversified portfolios: Mean variance spanning test, Emerging Markets Review, Elsevier (2017) View citations (11) (2017)

2012

14. Incentive-Compatible Sukuk Musharakah for Private Sector Funding
    MPRA Paper, University Library of Munich, Germany View citations (1)

2011

15. ORGANIZATIONAL FORM AND EFFICIENCY: THE COEXISTENCE OF FAMILY TAKAFUL AND LIFE INSURANCE IN MALAYSIA
    2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding, Conference Master Resources View citations (13)
    See also Journal Article ORGANIZATIONAL FORM AND EFFICIENCY: THE COEXISTENCE OF FAMILY TAKAFUL AND LIFE INSURANCE IN MALAYSIA, Journal of Global Business and Economics, Global Research Agency (2011) View citations (11) (2011)
16. Public Sector Funding and Debt Management: A Case for GDP-Linked Sukuk
    MPRA Paper, University Library of Munich, Germany View citations (2)

2008

17. The Efficiency of Trading Halts; Evidence from Bursa Malaysia
    MPRA Paper, University Library of Munich, Germany
18. The Islamic Inter bank Money Market and a Dual Banking System: The Malaysian Experience
    MPRA Paper, University Library of Munich, Germany View citations (13)
    See also Journal Article The Islamic inter bank money market and a dual banking system: the Malaysian experience, International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited (2008) View citations (2) (2008)

2005

19. A Common Currency Area for MENA Countries? A VAR Analysis of viability
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article A common currency area for MENA countries? A VAR analysis of viability, International Journal of Emerging Markets, Emerald Group Publishing Limited (2008) (2008)

2004

20. Dual Banking Systems and Interest Rate Risk for Islamic Banks
    MPRA Paper, University Library of Munich, Germany View citations (12)
21. Lessons from East Asia's Crisis and Recovery
    MPRA Paper, University Library of Munich, Germany View citations (1)
22. Pricing Hybrid Securities: The Case of Malaysian ICULS
    MPRA Paper, University Library of Munich, Germany View citations (1)
23. The Market for Financial Derivatives: Removing Impediments to Growth
    MPRA Paper, University Library of Munich, Germany

2003

24. Value Preservation through Risk Management - A Shariah Compliant Proposal for Equity Risk Management
    MPRA Paper, University Library of Munich, Germany View citations (3)

2001

25. Halal Stock Designation and Impact on Price and Trading Volume
    MPRA Paper, University Library of Munich, Germany View citations (6)

1999

26. Derivative Instruments and Islamic Finance: Some Thoughts for a Reconsideration
    MPRA Paper, University Library of Munich, Germany View citations (10)
27. Issues In Stock Index Futures Introduction And Trading. Evidence From The Malaysian Index Futures Market
    MPRA Paper, University Library of Munich, Germany View citations (2)
    See also Journal Article Issues in Stock Index Futures Introduction and Trading. Evidence From the Malaysian Index Futures Market, Capital Markets Review, Malaysian Finance Association (1999) View citations (2) (1999)

1997

28. The Asian Currency Crisis - A Fait Accompli?
    MPRA Paper, University Library of Munich, Germany View citations (1)

1996

29. Adapting Mudarabah Financing to Contemporary Realities: A Proposed Financing Structure
    MPRA Paper, University Library of Munich, Germany View citations (10)

Journal Articles

2024

1. Bank financing diversification, market structure, and stability in a dual-banking system
   Pacific-Basin Finance Journal, 2024, 86, (C) View citations (1)
2. IMPACT OF LIQUIDITY CREATION ON REAL ECONOMIC OUTPUT: EVIDENCE FROM FULL-FLEDGED ISLAMIC BANKS AND HYBRID CONVENTIONAL BANKS
   Journal of Islamic Monetary Economics and Finance, 2024, 10, (2), 397-426
3. Impact of banking subsystem liquidity creation on real economic output
   International Journal of Islamic and Middle Eastern Finance and Management, 2024, 17, (4), 636-661

2022

4. An Assessment of Currency Exposure of Non-Financial Firms in ASEAN-4: Insights using the Stock Returns and Cash Flow Methodologies
   Asian Economic and Financial Review, 2022, 12, (12), 1002-1026 View citations (1)

2021

5. Is there a diversification “cost” of Shari’ah compliance? Empirical evidence from Malaysian equities
   Economic Systems, 2021, 45, (1)

2020

6. International Financial Integration through Depositary Receipts (DRs)
   Journal of Accounting and Finance in Emerging Economies, 2020, 6, (1), 301-322
7. The Impact of Depositary Receipts on Stock Market Development: Evidence from Organization of Islamic Cooperation Stock Markets
   International Journal of Economics and Financial Issues, 2020, 10, (3), 130-138
8. The effects of interest rate on Islamic bank financing instruments: Cross-country evidence from dual-banking systems
   Pacific-Basin Finance Journal, 2020, 62, (C) View citations (8)
9. Too Small to Succeed versus Too Big to Fail: How Much Does Size Matter in Banking?
   Emerging Markets Finance and Trade, 2020, 56, (1), 164-187 View citations (1)

2018

10. Determinants of capital structure: evidence from Shari'ah compliant and non-compliant firms
    Pacific-Basin Finance Journal, 2018, 51, (C), 198-219 View citations (9)
    See also Working Paper Determinants of capital structure - Evidence from Shari'ah compliant and non-compliant firms, MPRA Paper (2018) View citations (6) (2018)
11. Does low leverage minimise the impact of financial shocks? New optimisation strategies using Islamic stock screening for European portfolios
    Journal of International Financial Markets, Institutions and Money, 2018, 57, (C), 160-184 View citations (2)
12. Empirical evidence of risk shifting in bonds and debt-basedsukuk
    Journal of Islamic Accounting and Business Research, 2018, 9, (5), 687-700
13. Funding development infrastructure without leverage: A risk†sharing alternative using innovative sukuk structures
    The World Economy, 2018, 41, (3), 752-762 View citations (5)
14. Issues in Islamic Equities: A Literature Survey
    Emerging Markets Finance and Trade, 2018, 54, (1), 1-26 View citations (19)
15. Who drives whom ‐ sukuk or bond? A new evidence from granger causality and wavelet approach
    Review of Financial Economics, 2018, 36, (2), 117-132 View citations (3)

2017

16. Does a Held-to-Maturity Strategy Impede Effective Portfolio Diversification for Islamic Bond () Portfolios? A Multi-Scale Continuous Wavelet Correlation Analysis
    Emerging Markets Finance and Trade, 2017, 53, (10), 2377-2393 View citations (2)
17. Risk–Return Profiles of Islamic Equities and Commodity Portfolios in Different Market Conditions
    Emerging Markets Finance and Trade, 2017, 53, (7), 1477-1500 View citations (1)
18. The role of Islamic asset classes in the diversified portfolios: Mean variance spanning test
    Emerging Markets Review, 2017, 30, (C), 66-95 View citations (11)
    See also Working Paper The Role of Islamic Asset Classes in the Diversified Portfolios: Mean Variance Spanning Test, MPRA Paper (2014) View citations (1) (2014)

2016

19. Shari’ah screening, market risk and contagion: A multi-country analysis
    Journal of Economic Behavior & Organization, 2016, 132, (S), 93-112 View citations (7)
20. Testing the Conventional and Islamic Financial Market Contagion: Evidence from Wavelet Analysis
    Emerging Markets Finance and Trade, 2016, 52, (8), 1832-1849 View citations (34)
    See also Working Paper Testing the Conventional and Islamic Financial Market Contagion: Evidence from Wavelet Analysis, MPRA Paper (2014) View citations (11) (2014)

2015

21. Combining momentum, value, and quality for the Islamic equity portfolio: Multi-style rotation strategies using augmented Black Litterman factor model
    Pacific-Basin Finance Journal, 2015, 34, (C), 205-232 View citations (18)
    See also Working Paper Combining Momentum, Value, and Quality for the Islamic Equity Portfolio: Multi-style Rotation Strategies using Augmented Black Litterman Factor Model, MPRA Paper (2014) View citations (1) (2014)
22. Developing trading strategies based on fractal finance: An application of MF-DFA in the context of Islamic equities
    Physica A: Statistical Mechanics and its Applications, 2015, 438, (C), 223-235 View citations (11)
23. Does Heterogeneity in Investment Horizons Affect Portfolio Diversification? Some Insights Using M-GARCH-DCC and Wavelet Correlation Analysis
    Emerging Markets Finance and Trade, 2015, 51, (1), 188-208 View citations (33)
24. Performance and Trading Characteristics of Exchange Traded Funds: Developed vs Emerging Markets
    Capital Markets Review, 2015, 23, (1&2), 40-64 View citations (2)
25. Risk Sharing in Corporate and Public Finance: The Contribution of Islamic Finance
    PSL Quarterly Review, 2015, 68, (274), 187-213 View citations (4)
26. Risk-return characteristics of Islamic equity indices: Multi-timescales analysis
    Journal of Multinational Financial Management, 2015, 29, (C), 115-138 View citations (37)
27. Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models
    Pacific-Basin Finance Journal, 2015, 34, (C), 233-252 View citations (29)

2014

28. An analysis of stock market efficiency: Developed vs Islamic stock markets using MF-DFA
    Physica A: Statistical Mechanics and its Applications, 2014, 407, (C), 86-99 View citations (88)
29. Daily Traders’ and Instituitional Investors’ Wealth Effect upon Sukuk and Conventional Bond Announcements: A Case Study of Malaysian Firms Using Event-Study Methodology and Wavelet Analysis
    Capital Markets Review, 2014, 22, (1&2), 59-82
30. Heads we win, tails you lose: Is there equity in Islamic equity funds?
    Pacific-Basin Finance Journal, 2014, 28, (C), 7-28 View citations (24)
31. Public Sector Funding and Debt Management: A Case for GDP-Linked Ṣukūk
    Islamic Economic Studies, 2014, 22-1, 185-216
32. The diversification benefits from Islamic investment during the financial turmoil: The case for the US-based equity investors
    Borsa Istanbul Review, 2014, 14, (4), 196-211 View citations (67)
33. What factors explain stock market retardation in Islamic Countries
    Emerging Markets Review, 2014, 19, (C), 106-127 View citations (20)

2013

34. Foreign exchange exposure and impact of policy switch -- the case of Malaysian listed firms
    Applied Economics, 2013, 45, (20), 2974-2984 View citations (8)

2012

35. Do ‘Sin Stocks’ Deprive Islamic Stock Portfolios of Diversification? Some Insights from the Use of MGARCH-DCC
    Capital Markets Review, 2012, 20, (1&2), 43-64 View citations (4)

2011

36. ORGANIZATIONAL FORM AND EFFICIENCY: THE COEXISTENCE OF FAMILY TAKAFUL AND LIFE INSURANCE IN MALAYSIA
    Journal of Global Business and Economics, 2011, 3, (1), 122-137 View citations (11)
    See also Working Paper ORGANIZATIONAL FORM AND EFFICIENCY: THE COEXISTENCE OF FAMILY TAKAFUL AND LIFE INSURANCE IN MALAYSIA, 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding (2011) View citations (13) (2011)

2010

37. Pricing efficiency of stock rights issues in Malaysia
    Applied Financial Economics, 2010, 20, (22), 1751-1760

2009

38. Granting Employee Stock Options (ESOs), Market Reaction and Financial Performance
    Asian Academy of Management Journal of Accounting and Finance (AAMJAF), 2009, 5, (1), 117-138 View citations (1)
39. Pricing efficiency of the 3-month KLIBOR futures contracts: an empirical analysis
    Applied Financial Economics, 2009, 19, (6), 445-462 View citations (1)

2008

40. A common currency area for ASEAN? issues and feasibility
    Applied Economics, 2008, 40, (4), 515-529 View citations (17)
41. A common currency area for MENA countries? A VAR analysis of viability
    International Journal of Emerging Markets, 2008, 3, (2), 197-215
    See also Working Paper A Common Currency Area for MENA Countries? A VAR Analysis of viability, MPRA Paper (2005) (2005)
42. The Islamic inter bank money market and a dual banking system: the Malaysian experience
    International Journal of Islamic and Middle Eastern Finance and Management, 2008, 1, (3), 210-226 View citations (2)
    See also Working Paper The Islamic Inter bank Money Market and a Dual Banking System: The Malaysian Experience, MPRA Paper (2008) View citations (13) (2008)

2003

43. Daily Returns Seasonality and Impact of Stock Index Futures: Evidence From The Kuala Lumpur Stock Exchange
    Capital Markets Review, 2003, 11, (1&2), 1-22

2002

44. Price Reaction to Stock Repurchase: Evidence from KLSE
    Capital Markets Review, 2002, 10, (1), 139-177 View citations (1)

1999

45. Issues in Stock Index Futures Introduction and Trading. Evidence From the Malaysian Index Futures Market
    Capital Markets Review, 1999, 7, (1&2), 1-46 View citations (2)
    See also Working Paper Issues In Stock Index Futures Introduction And Trading. Evidence From The Malaysian Index Futures Market, MPRA Paper (1999) View citations (2) (1999)

1996

46. Who Gets the Bonus in Bonus Stock Issuance?
    Capital Markets Review, 1996, 4, (2), 47-69

1995

47. CONVENTIONAL VERSUS MUDARABAH FINANCING: AN AGENCY COST PERSPECTIVE
    IIUM Journal of Economics and Management, 1995, 4, (2), 33-50 View citations (8)

Books

2023

1. Financial Derivatives:Markets and Applications
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

2016

2. Public Finance and Islamic Capital Markets
   Palgrave Studies in Islamic Banking, Finance and Economics, Palgrave Macmillan View citations (2)
3. SEACEN Financial Stability Journal Volume 7 2016
   SEACEN Financial Stability Journal, South East Asian Central Banks (SEACEN) Research and Training Centre

Chapters

2023

1. Answers to Select End-of-Chapter Questions
   Chapter 14 in Financial Derivatives Markets and Applications, 2023, pp 503-519
2. Derivative Instruments and Islamic Finance
   Chapter 13 in Financial Derivatives Markets and Applications, 2023, pp 471-502
3. Derivative Markets and Trading
   Chapter 2 in Financial Derivatives Markets and Applications, 2023, pp 19-42
4. Derivatives: Introduction and Overview
   Chapter 1 in Financial Derivatives Markets and Applications, 2023, pp 1-18
5. Developing Islamic Infrastructure Financing in the D-8: Prospects and Challenges
   Chapter 11 in Economic Integration Among D-8 Muslim Countries Prospects and Challenges, 2023, pp 317-340
6. Equity, Equity Index, and Currency Options
   Chapter 7 in Financial Derivatives Markets and Applications, 2023, pp 231-277
7. Forward and Futures Markets: Pricing and Analysis
   Chapter 3 in Financial Derivatives Markets and Applications, 2023, pp 43-80
8. Interest Rate Futures Contracts and Currency Futures Contracts
   Chapter 5 in Financial Derivatives Markets and Applications, 2023, pp 139-200
9. Interest Rate Swaps, Credit, and Other Derivatives
   Chapter 12 in Financial Derivatives Markets and Applications, 2023, pp 433-470
10. Introduction to Options
    Chapter 6 in Financial Derivatives Markets and Applications, 2023, pp 201-229
11. Option Pricing
    Chapter 9 in Financial Derivatives Markets and Applications, 2023, pp 323-379
12. Option Strategies and Payoffs
    Chapter 8 in Financial Derivatives Markets and Applications, 2023, pp 279-321
13. Options in Corporate Finance and Real Options
    Chapter 11 in Financial Derivatives Markets and Applications, 2023, pp 405-432
14. Replication, Synthetics, and Arbitrage
    Chapter 10 in Financial Derivatives Markets and Applications, 2023, pp 381-404
15. Stock Index Futures Contracts: Analysis and Applications
    Chapter 4 in Financial Derivatives Markets and Applications, 2023, pp 81-137

2017

16. A wavelet approach to timescale relationships among the Islamic and conventional stock markets and LIBOR
    Chapter 28 in Handbook of Empirical Research on Islam and Economic Life, 2017, pp 657-684

2016

17. Capital Markets: Conventional Versus Islamic
    Palgrave Macmillan
18. Conventional Macroeconomic Policy
    Palgrave Macmillan
19. Government Finance and the Debt Market
    Palgrave Macmillan
20. Government Finance and the Equity Market
    Palgrave Macmillan
21. Islamic Macroeconomic Policies
    Palgrave Macmillan View citations (1)
22. Macro Market Application
    Palgrave Macmillan
    Also in Palgrave Macmillan (2016)
23. Markets and the Way Forward
    Palgrave Macmillan
24. Risk Sharing and Public Policy
    Palgrave Macmillan

2014

25. Risk management and derivatives in Islamic finance
    Chapter 16 in Risk and Regulation of Islamic Banking, 2014, pp 283-300

2002

26. Asia's Recovery: A Comparative Analysis
    Chapter 1 in Monetary And Financial Management In Asia In The 21st Century, 2002, pp 1-20