Does Islamic label indicate higher use of trade credit ? : evidence from Sharı’ah compliant non-financial firms in Pakistan
Joint Authors
Kamran, Muhammad
Ullah, Ikram
Ahmad, Jalil
Source
Journal of Islamic Business and Management
Issue
Vol. 9, Issue 2 (31 Dec. 2019), pp.328-340, 13 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2019-12-31
Country of Publication
Pakistan
No. of Pages
13
Main Subjects
Financial and Accounting Sciences
Abstract EN
This study attempts to investigate the behavior of non-financial ISL firms towards usage of TC.
In line with the previous literature, it is hypothesized that ISL “Shar¯ı‘ah Compliant” indicates higher use of TC by such firms, both demand and supply of TC.
It is also hypothesized that TC is substitute of bank loan.
The results are based on 338 non-financial firms listed on Pakistan Stock Exchange for 2008 to 2016 observation period.
These include non-financial firms from all sectors.
The study used random Generalized Method of Moment (GMM) estimation technique to explore the relationship of ISL and usage of TC as it is the most powerful method when sample size is large.
The study found that ISL firms use more TC, as compared to conventional firms that have more access to bank loan.
This study also found that firms with ISL prefer TC over the bank credit.
The result of this study proves all stated hypotheses.
American Psychological Association (APA)
Kamran, Muhammad& Ahmad, Jalil& Ullah, Ikram. 2019. Does Islamic label indicate higher use of trade credit ? : evidence from Sharı’ah compliant non-financial firms in Pakistan. Journal of Islamic Business and Management،Vol. 9, no. 2, pp.328-340.
https://search.emarefa.net/detail/BIM-975716
Modern Language Association (MLA)
Kamran, Muhammad…[et al.]. Does Islamic label indicate higher use of trade credit ? : evidence from Sharı’ah compliant non-financial firms in Pakistan. Journal of Islamic Business and Management Vol. 9, no. 2 (2019), pp.328-340.
https://search.emarefa.net/detail/BIM-975716
American Medical Association (AMA)
Kamran, Muhammad& Ahmad, Jalil& Ullah, Ikram. Does Islamic label indicate higher use of trade credit ? : evidence from Sharı’ah compliant non-financial firms in Pakistan. Journal of Islamic Business and Management. 2019. Vol. 9, no. 2, pp.328-340.
https://search.emarefa.net/detail/BIM-975716
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 338-340
Record ID
BIM-975716