Capital structure of Malaysian Shariah-compliant firms
Other Title(s)
هيكلية رأس المال الشركات الماليزية المتوافقة مع الشريعة الإسلامية
Joint Authors
Ayid, Abd Allah Muhammad
Shawtari, Fikri Ali
Ali, Fazlin
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 30, Issue 1 (31 Jan. 2017), pp.105-116, 12 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2017-01-31
Country of Publication
Saudi Arabia
No. of Pages
12
Main Subjects
Financial and Accounting Sciences
Abstract EN
This study examines the capital structure of choices in Sharīʿah-compliant markets in view of the numerous attempts made to address the issue of capital structure choice since 1958.
None of these attempts studied the capital structure of Sharīʿah-compliant markets.
This study applies the model proposed by Huang and Song (2006) to test the determinants of capital structure as suggested by capital structure theories.
It uses the regression of fixed effect model to examine the relationship between capital structure and its determinants for 263 Sharīʿah-compliant firms listed on the Bursa Malaysia over the 2006-2011 period.
The paper found evidence suggesting that the capital structure choice of Sharīʿah-compliant firms is influenced by factors such as non-debt tax shields (NDTS), profitability, and risks.
However, there is no evidence of the influence of tax and tangibility on capital structure choice of Sharīʿah-compliant firms.-
American Psychological Association (APA)
Bin Thabit, Umar& Shawtari, Fikri Ali& Ayid, Abd Allah Muhammad& Ali, Fazlin. 2017. Capital structure of Malaysian Shariah-compliant firms. Journal of King Abdulaziz University : Islamic Economics،Vol. 30, no. 1, pp.105-116.
https://search.emarefa.net/detail/BIM-735053
Modern Language Association (MLA)
Shawtari, Fikri Ali…[et al.]. Capital structure of Malaysian Shariah-compliant firms. Journal of King Abdulaziz University : Islamic Economics Vol. 30, no. 1 (Jan. 2017), pp.105-116.
https://search.emarefa.net/detail/BIM-735053
American Medical Association (AMA)
Bin Thabit, Umar& Shawtari, Fikri Ali& Ayid, Abd Allah Muhammad& Ali, Fazlin. Capital structure of Malaysian Shariah-compliant firms. Journal of King Abdulaziz University : Islamic Economics. 2017. Vol. 30, no. 1, pp.105-116.
https://search.emarefa.net/detail/BIM-735053
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 113-114
Record ID
BIM-735053