Debt financing behaviour: panel data evidence on medium enterprise
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/50054/ http://irep.iium.edu.my/50054/1/GBSE_1%281%29%2C_1-7_%28March_2016%29.pdf |
| _version_ | 1848783568014147584 |
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| author | Haron, Razali Ibrahim, Khairunisah |
| author_facet | Haron, Razali Ibrahim, Khairunisah |
| 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 (GMM) 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 | 2025-11-14T16:23:25Z |
| format | Article |
| id | iium-50054 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:23:25Z |
| publishDate | 2016 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-500542017-02-02T18:26:21Z http://irep.iium.edu.my/50054/ Debt financing behaviour: panel data evidence on medium enterprise Haron, Razali Ibrahim, Khairunisah 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 (GMM) 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. 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/50054/1/GBSE_1%281%29%2C_1-7_%28March_2016%29.pdf Haron, Razali and Ibrahim, Khairunisah (2016) Debt financing behaviour: panel data evidence on medium enterprise. Journal of Global Business and Social Entrepreneurship (GBSE), 1 (1). pp. 1-7. E-ISSN 2462-1714 http://gbse.com.my/isimarch16/GBSE%201(1),%201-7%20(March%202016).pdf |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Haron, Razali Ibrahim, Khairunisah Debt financing behaviour: panel data evidence on medium enterprise |
| title | Debt financing behaviour: panel data evidence on medium enterprise |
| title_full | Debt financing behaviour: panel data evidence on medium enterprise |
| title_fullStr | Debt financing behaviour: panel data evidence on medium enterprise |
| title_full_unstemmed | Debt financing behaviour: panel data evidence on medium enterprise |
| title_short | Debt financing behaviour: panel data evidence on medium enterprise |
| title_sort | debt financing behaviour: panel data evidence on medium enterprise |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/50054/ http://irep.iium.edu.my/50054/ http://irep.iium.edu.my/50054/1/GBSE_1%281%29%2C_1-7_%28March_2016%29.pdf |