Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
This paper examines the link between financial design and Islamic bank variables on firm investment. It is aimed to support additional empirical evidence based on previous studies. The firm-level data for Malaysian Shariah listed firms between 2000 and 2010 are used. This paper also utilizes the sam...
| Main Authors: | , |
|---|---|
| Format: | Research Reports |
| Language: | English |
| Published: |
Research Management Institute (RMI)
2013
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/23011/ |
| _version_ | 1848805640794800128 |
|---|---|
| author | Ma'in, Masturah Mohd Rafien, Nor Shahrina |
| author_facet | Ma'in, Masturah Mohd Rafien, Nor Shahrina |
| author_sort | Ma'in, Masturah |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This paper examines the link between financial design and Islamic bank variables on firm investment. It is aimed to support additional empirical evidence based on previous studies. The firm-level data for Malaysian Shariah listed firms between 2000 and 2010 are used. This paper also utilizes the same estimation method i.e. generalised method of moments for dynamic panel data, as proposed by Arellano and Bover (1995). The findings show that: first, the investment of Shariah listed firms are positively related to the development of the banking system and the capital market. Second, the cash flow shows a negative impact on investment of firms. Third, the debt asset ratio has a negative impact on firm investment. Fourth, BaP Bithaman Ajil and Ijarah financing show a negative effect on investment of firm. Fifth, the zakah variable shows a mixed result on firm investment. |
| first_indexed | 2025-11-14T22:14:15Z |
| format | Research Reports |
| id | uitm-23011 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:14:15Z |
| publishDate | 2013 |
| publisher | Research Management Institute (RMI) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-230112019-01-30T08:57:52Z https://ir.uitm.edu.my/id/eprint/23011/ Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien Ma'in, Masturah Mohd Rafien, Nor Shahrina Investment, capital formation, speculation This paper examines the link between financial design and Islamic bank variables on firm investment. It is aimed to support additional empirical evidence based on previous studies. The firm-level data for Malaysian Shariah listed firms between 2000 and 2010 are used. This paper also utilizes the same estimation method i.e. generalised method of moments for dynamic panel data, as proposed by Arellano and Bover (1995). The findings show that: first, the investment of Shariah listed firms are positively related to the development of the banking system and the capital market. Second, the cash flow shows a negative impact on investment of firms. Third, the debt asset ratio has a negative impact on firm investment. Fourth, BaP Bithaman Ajil and Ijarah financing show a negative effect on investment of firm. Fifth, the zakah variable shows a mixed result on firm investment. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/23011/1/LP_MASTURAH%20MA%27IN%20RMI%2013_5.pdf Ma'in, Masturah and Mohd Rafien, Nor Shahrina (2013) Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien. (2013) [Research Reports] (Unpublished) |
| spellingShingle | Investment, capital formation, speculation Ma'in, Masturah Mohd Rafien, Nor Shahrina Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title | Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title_full | Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title_fullStr | Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title_full_unstemmed | Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title_short | Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien |
| title_sort | investment, islamic bank and financial design from malaysian listed firms / masturah ma'in and nor shahrina mohd rafien |
| topic | Investment, capital formation, speculation |
| url | https://ir.uitm.edu.my/id/eprint/23011/ |