Do Sharīʿah-Compliant Firms Experience Low Information Asymmetry and Stock Price Synchronicity? Evidence from Dow Jones Islamic Market Index
Tauqeer Ahmed & Zeshan Ghafoor
Journal of Islamic Business & Management2025https://doi.org/10.26501/jibm/2025.1502-004article
AJG 1
Weight
0.50
What the paper says
This study examines the impact of voluntary disclosures and earnings management activities on stock price synchronicity between Sharīʿah-compliant and conventional business model firms. We investigate if Sharīʿah-compliant firms having additional voluntary disclosures and lower earnings management activities report a lower level of stock price synchronicity, or is it similar to conventional firms?
Evidence weight
0.50
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.