Skip to content
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
business, management and accounting
Islamic finance and market segmentation: Implications for the cost of capital
International Business Review, Volume 21, No. 1, Year 2012
Notification
URL copied to clipboard!
Description
This paper considers the impact of full Islamic shari'ya compliance on developing stock exchanges in their effective provision of development capital. Evidence from a unique study focussing on the Sudan telecommunications company and its listings on the Khartoum as well as Arabian Gulf stock exchanges reveals that costs of capital are considerably higher in the former than latter markets. While there are firm governance benefits arising from Islamic finance monitoring costs are substantial and the banking system is better placed to administer financing arrangements. Larger firms are better placed to circumvent this segmentation through cross-listing on regional exchanges. © 2010 Elsevier Ltd.
Authors & Co-Authors
Hearn, Bruce Allen
United Kingdom, Leicester
University of Leicester School of Business
Piesse, Jenifer
United Kingdom, London
School of Business, Economics and Informatics
South Africa, Stellenbosch
Stellenbosch University
Strange, Roger N.
United Kingdom, Brighton
University of Sussex Business School
Statistics
Citations: 41
Authors: 3
Affiliations: 4
Identifiers
Doi:
10.1016/j.ibusrev.2010.11.007
ISSN:
09695931
Research Areas
Health System And Policy
Study Locations
Sudan