Diğer Finans 1986

Optimal Profit-shar'ing Contract and Investment in an Interest-free Islamic Economy

  • Kodu: 5682
  • Eserin Orjinal İsmi: Optimal Profit-shar'ing Contract and Investment in an Interest-free Islamic Economy
  • Türü: Diğer
  • Alan: Finans
  • Konu(lar): Sözleşme, Yatırım
  • Dili: İngilizce
  • Yayın Yılı: 1986
  • Yayınevi: World Bank
  • Sayfa Sayısı: 33
  • Keywords: Contract, Investment
  • Anahtar Kelimeler: Sözleşme, Yatırım
  • Açıklama: Attempts to model Islamic profit-sharing financial contracts and analyse their implications. Models for certainty and uncertainty with and without complete information are presented and analysed. Main conclusions are: (a) Investment wiil increase when profit-sharing prevails; (b) Contracting on the basis of observable indicators that may be correlated with the unobservable factors would prevent any market failure; (c) Individual contracting and arbitrage would enable a market-determined sharing ratio for the economy to be determined; (d) To overcome the problem of moral hazard, the sharing rules that are a function of observables which are correlated with unobservable events or actions should be encouraged. Analytical. Mathematical. For professional economists only. Documented.
  • Bilgilerin Alındığı Kaynak: Bibliografya Kaydı