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journal of king Abdulaziz University Islamic Economics
This paper discusses the financial contracting theory from the conventional and Islamic perspectives. It provides an overview of the contributions in this field and discusses the gaps in the literature. In addition, it proposes two relevant approaches namely the financial contracting enforceability approach and the adverse selection analysis in order to deal with conflicts of interest among economic agents. The first approach is meant to assess the contract that maximizes the value of the firmdoi:10.4197/islec.32-2.2 fatcat:wbl3liqjezafbeexyoiqaaqgfy