Investment, Islamic bank and financial design from Malaysian listed firms
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 utilizes the estimation...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Malaysia Sarawak
2013
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| Online Access: | https://repo.uum.edu.my/id/eprint/12314/1/Mas.pdf |
| _version_ | 1803626400522960896 |
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| author | Ma’in, Masturah Mohd Rafien, Nor Shahrina Che Arshad, Noraziah |
| author_facet | Ma’in, Masturah Mohd Rafien, Nor Shahrina Che Arshad, Noraziah |
| author_sort | Ma’in, Masturah |
| collection | UUM |
| 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 utilizes the estimation method from 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, Bai’ 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 | 2024-07-04T05:49:34Z |
| format | Article |
| id | uum-12314 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:49:34Z |
| publishDate | 2013 |
| publisher | Universiti Malaysia Sarawak |
| record_format | dspace |
| spelling | uum-123142016-04-18T07:35:13Z https://repo.uum.edu.my/id/eprint/12314/ Investment, Islamic bank and financial design from Malaysian listed firms Ma’in, Masturah Mohd Rafien, Nor Shahrina Che Arshad, Noraziah HG Finance 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 utilizes the estimation method from 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, Bai’ Bithaman Ajil and Ijarah financing show a negative effect on investment of firm. Fifth, the zakah variable shows a mixed result on firm investment. Universiti Malaysia Sarawak 2013 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/12314/1/Mas.pdf Ma’in, Masturah and Mohd Rafien, Nor Shahrina and Che Arshad, Noraziah (2013) Investment, Islamic bank and financial design from Malaysian listed firms. International Journal of Business and Society (IJBS), 14 (3). pp. 480-495. ISSN 1511- 6670 http://www.ijbs.unimas.my/ |
| spellingShingle | HG Finance Ma’in, Masturah Mohd Rafien, Nor Shahrina Che Arshad, Noraziah Investment, Islamic bank and financial design from Malaysian listed firms |
| title | Investment, Islamic bank and financial design from Malaysian listed firms |
| title_full | Investment, Islamic bank and financial design from Malaysian listed firms |
| title_fullStr | Investment, Islamic bank and financial design from Malaysian listed firms |
| title_full_unstemmed | Investment, Islamic bank and financial design from Malaysian listed firms |
| title_short | Investment, Islamic bank and financial design from Malaysian listed firms |
| title_sort | investment islamic bank and financial design from malaysian listed firms |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/12314/1/Mas.pdf |
| work_keys_str_mv | AT mainmasturah investmentislamicbankandfinancialdesignfrommalaysianlistedfirms AT mohdrafiennorshahrina investmentislamicbankandfinancialdesignfrommalaysianlistedfirms AT chearshadnoraziah investmentislamicbankandfinancialdesignfrommalaysianlistedfirms |