research product . 2012

Could Regulator Materialize Potential Demand for Islamic Securities? Evidence From Indonesia

Kariastanto, Bayu; Ihsanin, Aulia;
Open Access English
  • Published: 19 Jun 2012
  • Publisher: Sekolah Tinggi Ekonomi Islam Tazkia
Abstract
One main advantage of Islamic securities is their wider demands because Islamic securities are able to meet both demands for Islamic and conventional securities. This argument is valid if and only if the demands for Islamic securities do exist AND investors believe that Islamic securities do comply with sharia. One important regulator role in developing Islamic capital market is to ensure sharia compliance of Islamic securities and to convince investors regarding this compliance. Bapepam-LK carries out this role by publishing semiannually the list of Islamic securities (DES). Utilizing the first issuance of DES on September 2007, we employ differences in differe...
Subjects
free text keywords: Indonesia, investor confidence, demand, sharia compliance, Islamic securities, Regulator, G02 - Behavioral Finance: Underlying Principles, G14 - Information and Market Efficiency ; Event Studies ; Insider Trading, G18 - Government Policy and Regulation
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