Research Output | Dar Al-hikmah Library | IIUM Only
This study examines the impact of hedging on firm value of Shariah compliant firms (SCFs) in a –non-linear framework. Design/methodology/approach This study employs the system-GMM for dynamic panel data to examine the influence of derivatives usage on firm value (Tobin’s Q, ROA and ROE). The sample comprised of 59 non-financial SCFs engaged in