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Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia

This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principl...

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Main Author: Haron, Razali
Format: Article
Language:English
English
Published: International Islamic University Malaysia 2017
Subjects:
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf
http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf
http://irep.iium.edu.my/59714/
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spelling my.iium.irep.597142018-03-23T03:42:39Z http://irep.iium.edu.my/59714/ Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia Haron, Razali HG3368 Islamic Banking and Finance This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principles with the restriction imposed on the debt consumption level allowed seem to have significant effect on the debt financing of Shari’ah-compliant firms understudy as well. Fear of the dilution of controlling power over the firms for these family owned and the characteristics of Shari’ah-compliant being governed by certain Shari’ah regulation have significant influence on debt consumption in the capital structure. Certain significant determinants seem to enhance the unique nature of these firms regarding the debt financing decision. This study contributes to the literature by providing insights of the factors affecting the debt financing of family owned, Shari’ah-compliant firms in Malaysia. International Islamic University Malaysia 2017-12 Article REM application/pdf en http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf application/pdf en http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf Haron, Razali (2017) Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia. Al-Shajarah, Special Issue: Islamic Banking and Finance. pp. 139-163. ISSN 1394-6870
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 HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Haron, Razali
Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
description This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principles with the restriction imposed on the debt consumption level allowed seem to have significant effect on the debt financing of Shari’ah-compliant firms understudy as well. Fear of the dilution of controlling power over the firms for these family owned and the characteristics of Shari’ah-compliant being governed by certain Shari’ah regulation have significant influence on debt consumption in the capital structure. Certain significant determinants seem to enhance the unique nature of these firms regarding the debt financing decision. This study contributes to the literature by providing insights of the factors affecting the debt financing of family owned, Shari’ah-compliant firms in Malaysia.
format Article
author Haron, Razali
author_facet Haron, Razali
author_sort Haron, Razali
title Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_short Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_full Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_fullStr Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_full_unstemmed Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_sort ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in malaysia
publisher International Islamic University Malaysia
publishDate 2017
url http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf
http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf
http://irep.iium.edu.my/59714/
_version_ 1643615646060118016
score 13.211869

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