Capital structure determinants of Shariah-compliant firms: Malaysian evidence
The objective of this study is to examine the determinants of capital structure of Shariah-compliant firms in Malaysia using the static framework. The study also analysed the impact of sector specific and country specific factor on the corporate financing decisions within the Shariah-compliant firms...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/43421/ http://irep.iium.edu.my/43421/1/MFA_2015_Itenary.pdf http://irep.iium.edu.my/43421/2/MFA_2015.pdf |
| _version_ | 1848782446396440576 |
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| author | Sahudin, Zahariah Wan Mahmood, Wan Mansor Haron, Razali Isa, Zaidi |
| author_facet | Sahudin, Zahariah Wan Mahmood, Wan Mansor Haron, Razali Isa, Zaidi |
| author_sort | Sahudin, Zahariah |
| building | IIUM Repository |
| collection | Online Access |
| description | The objective of this study is to examine the determinants of capital structure of Shariah-compliant firms in Malaysia using the static framework. The study also analysed the impact of sector specific and country specific factor on the corporate financing decisions within the Shariah-compliant firms. The introduction of sector specific factor, Herfindahl-Hirschman Index and country specific factors such as the stock market development level, rates of interest and growth domestic product (GDP) enriches these results. The importance of sector specific and country specific factor were also documented in this study. The impact of those factors on the capital structures appeared to be inconsistent among these Shariah-compliant firms. It is therefore apparent that capital structure decision is not only the consequence of the firm’s own characteristics only, but it is also due to the impact of sector and institutional environment in which the firm operates and these Shariah-compliant firms are no exception. |
| first_indexed | 2025-11-14T16:05:35Z |
| format | Proceeding Paper |
| id | iium-43421 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:05:35Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-434212015-08-26T03:47:49Z http://irep.iium.edu.my/43421/ Capital structure determinants of Shariah-compliant firms: Malaysian evidence Sahudin, Zahariah Wan Mahmood, Wan Mansor Haron, Razali Isa, Zaidi HG4001 Financial management. Business finance. Corporation finance. The objective of this study is to examine the determinants of capital structure of Shariah-compliant firms in Malaysia using the static framework. The study also analysed the impact of sector specific and country specific factor on the corporate financing decisions within the Shariah-compliant firms. The introduction of sector specific factor, Herfindahl-Hirschman Index and country specific factors such as the stock market development level, rates of interest and growth domestic product (GDP) enriches these results. The importance of sector specific and country specific factor were also documented in this study. The impact of those factors on the capital structures appeared to be inconsistent among these Shariah-compliant firms. It is therefore apparent that capital structure decision is not only the consequence of the firm’s own characteristics only, but it is also due to the impact of sector and institutional environment in which the firm operates and these Shariah-compliant firms are no exception. 2015-06-02 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/43421/1/MFA_2015_Itenary.pdf application/pdf en http://irep.iium.edu.my/43421/2/MFA_2015.pdf Sahudin, Zahariah and Wan Mahmood, Wan Mansor and Haron, Razali and Isa, Zaidi (2015) Capital structure determinants of Shariah-compliant firms: Malaysian evidence. In: 17th Malaysian Finance Association Conference 2015 (MFAC 2015), 2-4 June 2015, Kota Kinabalu, Sabah. (Unpublished) |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Sahudin, Zahariah Wan Mahmood, Wan Mansor Haron, Razali Isa, Zaidi Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title | Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title_full | Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title_fullStr | Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title_full_unstemmed | Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title_short | Capital structure determinants of Shariah-compliant firms: Malaysian evidence |
| title_sort | capital structure determinants of shariah-compliant firms: malaysian evidence |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/43421/ http://irep.iium.edu.my/43421/1/MFA_2015_Itenary.pdf http://irep.iium.edu.my/43421/2/MFA_2015.pdf |