..., and whether Shariah compliance systematically influences leverage. Design/methodology/approach Using panel data from Boursa Kuwait (2013–2022), the authors estimate fixed-effects regressions that incorporate Islamic status as a key explanatory variable for the capital structure. They control for standard...

... trading by individuals and institutions on the Boursa Kuwait. The authors use panel data on trading activities and Tobit regression models to examine the effect of Muslims’ religious practice of fasting during the holy month of Ramadan on trading behavior. Findings The authors find that during...