DYNAMIC CAUSALITY AND THE EFFECT OF FINANCIAL PERFORMANCE, CAPITAL STRUCTURE,…
This study examines the dynamic causality and response patterns of corporate sukuk issuance to shocks in financial performance, capital structure, firm size, and asset growth in Indonesia over the 2015Q1-2024Q4 period. The data consist of a quarterly panel of the five most active corporate sukuk issuers, where Financial performance is proxied by return on equity and net profit margin, capital structure is proxied by the debt to equity ratio, firm size is measured by the natural logarithm of t…
