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The determinants of Shariah banks’ capital structure

This study is an endeavor to identify key significant determinants of capital structure for Shariah-tagged banks. A total of 47 Shariah banks’ 9 years i.e. from 2013 to 2021 Balance Panel Data is used. The leverage ratio is nominated as a dependent variable, whereas, liquidity, return on assets, gro...

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Main Authors: Rehan, Raja, Muhammed Asghar, Khan, Guo, Hong Fu, Adam Sa'ad, Auwal, Auroob, Irshad
Format: Article
Language:English
English
Published: IJEFI 2024
Subjects:
BPH Islamic Economics
Online Access:http://irep.iium.edu.my/114329/7/114329_%20The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf
http://irep.iium.edu.my/114329/13/The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf
http://irep.iium.edu.my/114329/
https://www.econjournals.com/index.php/ijefi/article/view/16923
https://doi.org/10.32479/ijefi.16923
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spelling my.iium.irep.1143292024-11-04T05:45:01Z http://irep.iium.edu.my/114329/ The determinants of Shariah banks’ capital structure Rehan, Raja Muhammed Asghar, Khan Guo, Hong Fu Adam Sa'ad, Auwal Auroob, Irshad BPH Islamic Economics This study is an endeavor to identify key significant determinants of capital structure for Shariah-tagged banks. A total of 47 Shariah banks’ 9 years i.e. from 2013 to 2021 Balance Panel Data is used. The leverage ratio is nominated as a dependent variable, whereas, liquidity, return on assets, gross domestic product, return on equity, tangibility, growth, size, and capital adequacy ratio are designated as explanatory variables. The Panel Data Static model and Dynamic model via the Generalized Method of Moments (GMM) are executed. The results specify that liquidity, gross domestic product, tangibility, lagged dependent variable, and profitability i.e. measured by return on equity are positively significant determinants. Besides, the significant lagged variable, tangibility, liquidity, and existence of SOA infer the significance of the Dynamic Trade- off theory. Based on the identified significant determinants, the policymakers can develop similar policies to formulate the capital structure of whole Shariah banks. IJEFI 2024-09-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/114329/7/114329_%20The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf application/pdf en http://irep.iium.edu.my/114329/13/The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf Rehan, Raja and Muhammed Asghar, Khan and Guo, Hong Fu and Adam Sa'ad, Auwal and Auroob, Irshad (2024) The determinants of Shariah banks’ capital structure. International Journal of Economics and Financial Issues, 14 (5). pp. 193-202. ISSN 2146-4138 https://www.econjournals.com/index.php/ijefi/article/view/16923 https://doi.org/10.32479/ijefi.16923
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic BPH Islamic Economics
spellingShingle BPH Islamic Economics
Rehan, Raja
Muhammed Asghar, Khan
Guo, Hong Fu
Adam Sa'ad, Auwal
Auroob, Irshad
The determinants of Shariah banks’ capital structure
description This study is an endeavor to identify key significant determinants of capital structure for Shariah-tagged banks. A total of 47 Shariah banks’ 9 years i.e. from 2013 to 2021 Balance Panel Data is used. The leverage ratio is nominated as a dependent variable, whereas, liquidity, return on assets, gross domestic product, return on equity, tangibility, growth, size, and capital adequacy ratio are designated as explanatory variables. The Panel Data Static model and Dynamic model via the Generalized Method of Moments (GMM) are executed. The results specify that liquidity, gross domestic product, tangibility, lagged dependent variable, and profitability i.e. measured by return on equity are positively significant determinants. Besides, the significant lagged variable, tangibility, liquidity, and existence of SOA infer the significance of the Dynamic Trade- off theory. Based on the identified significant determinants, the policymakers can develop similar policies to formulate the capital structure of whole Shariah banks.
format Article
author Rehan, Raja
Muhammed Asghar, Khan
Guo, Hong Fu
Adam Sa'ad, Auwal
Auroob, Irshad
author_facet Rehan, Raja
Muhammed Asghar, Khan
Guo, Hong Fu
Adam Sa'ad, Auwal
Auroob, Irshad
author_sort Rehan, Raja
title The determinants of Shariah banks’ capital structure
title_short The determinants of Shariah banks’ capital structure
title_full The determinants of Shariah banks’ capital structure
title_fullStr The determinants of Shariah banks’ capital structure
title_full_unstemmed The determinants of Shariah banks’ capital structure
title_sort determinants of shariah banks’ capital structure
publisher IJEFI
publishDate 2024
url http://irep.iium.edu.my/114329/7/114329_%20The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf
http://irep.iium.edu.my/114329/13/The%20determinants%20of%20Shariah%20banks%E2%80%99%20capital%20structure.pdf
http://irep.iium.edu.my/114329/
https://www.econjournals.com/index.php/ijefi/article/view/16923
https://doi.org/10.32479/ijefi.16923
_version_ 1814932526401060864
score 13.211869

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