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CORPORATE GOVERNANCE AND CREDIT RATING: EVIDENCE OF SHARIAH GOVERNANCE FROM PAKISTAN ISLAMIC BANKS |
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| รหัสดีโอไอ | |
| Creator | Muhammad Mansoor, Nazima Ellahi, Qaiser Malik |
| Title | CORPORATE GOVERNANCE AND CREDIT RATING: EVIDENCE OF SHARIAH GOVERNANCE FROM PAKISTAN ISLAMIC BANKS |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2562 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 10 |
| Journal No. | 18 |
| Page no. | 10A18G: 1-11 |
| Keyword | Investment Decision, Pakistan Stock Exchange, Panel Regression, Emerging Markets. |
| URL Website | http://tuengr.com/Vol10_18.html |
| Website title | ITJEMAST V10(18) 2019 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | Shariah Governance in Islamic banks is most essential characteristics which differentiates Islamic banking from conventional banking. The study objective is to confirm that the not only corporate governance attributes but Shariah board attributes also affect credit rating in Islamic banks. The study collects the data for the period 2013-2017 of Pakistan Islamic banks and develops the three different models. This study used Long term credit rating scale used by Ashbaugh-Skaife, Collins, and LaFond (2006). The study used ordered logit Model which results shows long term credit rating and short term credit rating are associated with governance attributes and Shariah board attributes. The study concluded that Credit rating agencies in Pakistan i.e. PACRA and JC-VIS and other International Credit rating agencies including Fitch, Moody and Standard & Poor's must give weightage to Shariah governance attributes in the evaluation of credit rating procedure. |
