Debt financing behaviour: panel data evidence on medium enterprise

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...

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Main Authors: Haron, Razali, Ibrahim, Khairunisah
Format: Article
Language:English
Published: 2016
Subjects:
HG4001 Financial management. Business finance. Corporation finance.
Online Access: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
id iium-50054
recordtype eprints
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
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG4001 Financial management. Business finance. Corporation finance.
spellingShingle HG4001 Financial management. Business finance. Corporation finance.
Haron, Razali
Ibrahim, Khairunisah
Debt financing behaviour: panel data evidence on medium enterprise
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.
format Article
author Haron, Razali
Ibrahim, Khairunisah
author_facet Haron, Razali
Ibrahim, Khairunisah
author_sort Haron, Razali
title Debt financing behaviour: panel data evidence on medium enterprise
title_short 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_sort debt financing behaviour: panel data evidence on medium enterprise
publishDate 2016
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
first_indexed 2023-09-18T21:10:44Z
last_indexed 2023-09-18T21:10:44Z
_version_ 1777411234804531200

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