文章基本信息

标题：Distance to default of Malaysian Corporate Sukuk Issuers: A Differential Study for Different Economic Sectors
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作者：Awais Ur Rehman ; Muhammad Abdullah bin Zaidel ; Mohamad bin Jais 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2020
卷号：10
期号：5
页码：546-556
DOI：10.6007/IJARBSS/v10-i5/7227
语种：English
出版社：Human Resource Management Academic Research Society
摘要：The Malaysia enjoys the monetary and non-monetary benefits for being the sukuk hub for globe. Malaysian market has already suffered much from defaults. To save them from future defaults the periodic update must be taken for the closeness of defaults. This study calculated distance to default (DD) for 231 observations for the time period of 2011-2017 in the post-crisis era. It was noted that the sukuk issuers are although diverse in their credit profiles, on the aggregate most of them are having strong level of assets to absorb their liability pay-offs. The DD values were at highest level for logistics, industrial goods, manufacturing, real estate and construction and lowest in energy sector. Directions for future research were also discussed in concluding part of this paper.