Abstract: Different types of Islamic debts have been
increasingly utilized as preferred means of debt funding by
Malaysian private firms in recent years. This study examines the
impact of Islamic debts announcement on private firms- stock
returns. Our sample includes forty five listed companies on Bursa
Malaysia involved in issuing of Islamic debts during 2005 to 2008.
The abnormal returns and cumulative average abnormal returns are
calculated and tested using standard event study methodology. The
results show that a significant, negative abnormal return occurs one
day before announcement date. This negative abnormal return is
representing market participant-s adverse attitude toward Islamic
private debt announcement during the research period.
Abstract: Very few studies have examined performance
implications of strategic alliance announcements in the information
technologies industry from a resource-based view. Furthermore, none
of these studies have investigated resource congruence and alliance
motive as potential sources of abnormal firm performance. This paper
extends upon current resource-based literature to discover and explore
linkages between these concepts and the practical performance of
strategic alliances. This study finds that strategic alliance
announcements have provided overall abnormal positive returns, and
that marketing alliances with marketing resource incongruence have
also contributed to significant firm performance.