Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia

Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia

The aims of this study are to determine the level of debt of Shariah-compliant firms, the determinants of their capital structure, and the influence of managerial ownership on the relationship between capital structure and its determinants. The study uses cross-sectional and time-series data coverin...

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Main Author: Omer Ahmed Salmeen Bin Thabet
Format: Thesis
Language:en_US
Subjects:
Capital market > Religious aspects > Islam
Capital market > Malaysia
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id my-usim-ddms-12893
record_format uketd_dc
spelling my-usim-ddms-128932024-05-29T05:03:13Z Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia Omer Ahmed Salmeen Bin Thabet The aims of this study are to determine the level of debt of Shariah-compliant firms, the determinants of their capital structure, and the influence of managerial ownership on the relationship between capital structure and its determinants. The study uses cross-sectional and time-series data covering 263 Shariah-compliant firms listed on Bursa Malaysia over the period 2006-201 1. Pooled ordinary least square, fixed effects and random effects methods are used to test the hypotheses of this study. The results show that, first, 79% of Shariah-complaint firms have debt level less than 33%. Second, a significant relationship exists between tangibility, profitability, liquidity, dividends, stock return, risks, zakah, and tax with leverage of Shariah-compliant firms. Finally, in the presence of managerial ownership as moderating variable, only profitability, liquidity, dividends, zakah, tax, and NDTS are found to be a significant with compliant firms' capital structure. Universiti Sains Islam Malaysia 2015 Thesis en_US https://oarep.usim.edu.my/handle/123456789/12893 https://oarep.usim.edu.my/bitstreams/65aa6e72-68a6-4ae9-b7c9-9bfe9a487883/download 8a4605be74aa9ea9d79846c1fba20a33 Capital market--Religious aspects--Islam Capital market--Malaysia
institution Universiti Sains Islam Malaysia
collection USIM Institutional Repository
language en_US
topic Capital market--Religious aspects--Islam
Capital market--Malaysia
spellingShingle Capital market--Religious aspects--Islam
Capital market--Malaysia
Omer Ahmed Salmeen Bin Thabet
Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
description The aims of this study are to determine the level of debt of Shariah-compliant firms, the determinants of their capital structure, and the influence of managerial ownership on the relationship between capital structure and its determinants. The study uses cross-sectional and time-series data covering 263 Shariah-compliant firms listed on Bursa Malaysia over the period 2006-201 1. Pooled ordinary least square, fixed effects and random effects methods are used to test the hypotheses of this study. The results show that, first, 79% of Shariah-complaint firms have debt level less than 33%. Second, a significant relationship exists between tangibility, profitability, liquidity, dividends, stock return, risks, zakah, and tax with leverage of Shariah-compliant firms. Finally, in the presence of managerial ownership as moderating variable, only profitability, liquidity, dividends, zakah, tax, and NDTS are found to be a significant with compliant firms' capital structure.
format Thesis
author Omer Ahmed Salmeen Bin Thabet
author_facet Omer Ahmed Salmeen Bin Thabet
author_sort Omer Ahmed Salmeen Bin Thabet
title Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
title_short Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
title_full Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
title_fullStr Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
title_full_unstemmed Capital Structures In Islamic Capital Markets: Evidences From Bursa Malaysia
title_sort capital structures in islamic capital markets: evidences from bursa malaysia
granting_institution Universiti Sains Islam Malaysia
_version_ 1812444849168711680

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