Debt financing behaviour: panel data evidence on medium enterprises
Motivated by the recent outstanding growth of Islamic Capital Market (ICM) in Malaysia, this study aims to investigate the debt financing behaviour of Shariah compliant E50 Medium Enterprises (MEs) in Malaysia covering the existence of target debt and the speed of adjustment to target debt from 2009...
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2015
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| Online Access: | http://irep.iium.edu.my/46022/ http://irep.iium.edu.my/46022/1/46022.pdf |
| _version_ | 1848782889775267840 |
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| author | Haron, Razali |
| author_facet | Haron, Razali |
| author_sort | Haron, Razali |
| building | IIUM Repository |
| collection | Online Access |
| description | Motivated by the recent outstanding growth of Islamic Capital Market (ICM) in Malaysia, this study aims to investigate the debt financing behaviour of Shariah compliant E50 Medium Enterprises (MEs) in Malaysia covering the existence of target debt and the speed of adjustment to target debt from 2009 to 2013. The dynamic model employed and estimated using the Generalized Method of Moment revealed the existence of target debt ratio and firms readjust when deviated. Results also showed inclination to Shariah compliant characteristics of these MEs. This study contributes to the literature and fills the gap by exploring into a relatively new area of debt financing which is the dynamic aspects and also help to enhance the understanding on debt financing behaviour of Shariah compliant MEs in Malaysia ICM. |
| first_indexed | 2025-11-14T16:12:38Z |
| format | Proceeding Paper |
| id | iium-46022 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:12:38Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-460222016-05-24T03:01:53Z http://irep.iium.edu.my/46022/ Debt financing behaviour: panel data evidence on medium enterprises Haron, Razali HG4001 Financial management. Business finance. Corporation finance. Motivated by the recent outstanding growth of Islamic Capital Market (ICM) in Malaysia, this study aims to investigate the debt financing behaviour of Shariah compliant E50 Medium Enterprises (MEs) in Malaysia covering the existence of target debt and the speed of adjustment to target debt from 2009 to 2013. The dynamic model employed and estimated using the Generalized Method of Moment revealed the existence of target debt ratio and firms readjust when deviated. Results also showed inclination to Shariah compliant characteristics of these MEs. This study contributes to the literature and fills the gap by exploring into a relatively new area of debt financing which is the dynamic aspects and also help to enhance the understanding on debt financing behaviour of Shariah compliant MEs in Malaysia ICM. 2015-11-25 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/46022/1/46022.pdf Haron, Razali (2015) Debt financing behaviour: panel data evidence on medium enterprises. In: International Conference on Global Business & Social Entrepreneurship (ICoGBSE2015), 25th-26th Nov. 2015, Geopark Hotel, Langkawi, Kedah. http://submit.confbay.com/conf/icogbse2015 |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Haron, Razali Debt financing behaviour: panel data evidence on medium enterprises |
| title | Debt financing behaviour: panel data evidence on medium enterprises |
| title_full | Debt financing behaviour: panel data evidence on medium enterprises |
| title_fullStr | Debt financing behaviour: panel data evidence on medium enterprises |
| title_full_unstemmed | Debt financing behaviour: panel data evidence on medium enterprises |
| title_short | Debt financing behaviour: panel data evidence on medium enterprises |
| title_sort | debt financing behaviour: panel data evidence on medium enterprises |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/46022/ http://irep.iium.edu.my/46022/ http://irep.iium.edu.my/46022/1/46022.pdf |