Please use this identifier to cite or link to this item: http://localhost:8080/xmlui/handle/123456789/12349
Title: IMPACT OF DERIVATIVES USER ON FIRMS’ PERFORMANCE OF SHARI’AH COMPLIANT FIRMS
Authors: Zamzamir, Zaminor
Haron, Razali
Ulum, Zatul Karamah Ahmad Baharul
Othman, Anwar Hasan Abdullah
Keywords: Risk management
derivatives
hedging
firm performance
user and non-user
Shari’ah-compliant firms
Issue Date: Apr-2022
Publisher: Faculty of Economics and Business, Universiti Malaysia Sarawak
Abstract: The study examined the impact of derivatives usage on the performance of Shari'ah-compliant firms in Malaysia. The study employed a Generalised Method-of-Moment estimator (System-GMM) on a set of panel data from 2012 to 2017. A paired sample t-test for mean difference and a Wilcoxon Signed-ranks test was performed to examine the performance difference between users and non-users of derivatives. The study provided strong evidence of a significant difference in performance between users and non-users of derivatives. Moreover, the study observed better performance among derivative users than non-derivative users. The findings enriched the current Islamic financial market literature and contributed to a better understanding of the hedging activities among Shari’ah-compliant firms. The study offered new evidence on risk management using derivatives in the Islamic financial market.
URI: http://localhost:8080/xmlui/handle/123456789/12349
Appears in Collections:Volume 24 No 1 (2023)

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