Diğer
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 |