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Determinants of corporate demand for Islamic insurance in Malaysia

This study is the first attempt to empirically investigate the determinants of corporate demand for Islamic insurance (takaful) using data from main board of public listed companies at Bursa Malaysia. Factors like leverage, growth opportunities, expected bankruptcy costs, company size, managerial ow...

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Main Authors: Abdul Hamid, Mohamad, Osman, Jamil, Amin Noordin, Bany Ariffin
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2009
Online Access:http://psasir.upm.edu.my/id/eprint/13942/1/13942.pdf
http://psasir.upm.edu.my/id/eprint/13942/
http://econ.upm.edu.my/ijem/vol3_no2.htm
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spelling my.upm.eprints.139422016-09-05T06:57:21Z http://psasir.upm.edu.my/id/eprint/13942/ Determinants of corporate demand for Islamic insurance in Malaysia Abdul Hamid, Mohamad Osman, Jamil Amin Noordin, Bany Ariffin This study is the first attempt to empirically investigate the determinants of corporate demand for Islamic insurance (takaful) using data from main board of public listed companies at Bursa Malaysia. Factors like leverage, growth opportunities, expected bankruptcy costs, company size, managerial ownership, tax considerations and regulated effects have been examined in this study. The data covers a five-year period from year 2002 – 2006. The findings show that leverage, expected bankruptcy costs, tax considerations, company size, and managerial ownership play an important role in determining the corporate demand for Islamic insurance in Malaysia. Our conclusions are robust to alternative specifications model of GLS with Fixed Effects that help us to control for unobservable heterogeneity. Faculty of Economics and Management, Universiti Putra Malaysia 2009-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/13942/1/13942.pdf Abdul Hamid, Mohamad and Osman, Jamil and Amin Noordin, Bany Ariffin (2009) Determinants of corporate demand for Islamic insurance in Malaysia. International Journal of Economics and Management, 3 (2). pp. 278-296. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol3_no2.htm
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This study is the first attempt to empirically investigate the determinants of corporate demand for Islamic insurance (takaful) using data from main board of public listed companies at Bursa Malaysia. Factors like leverage, growth opportunities, expected bankruptcy costs, company size, managerial ownership, tax considerations and regulated effects have been examined in this study. The data covers a five-year period from year 2002 – 2006. The findings show that leverage, expected bankruptcy costs, tax considerations, company size, and managerial ownership play an important role in determining the corporate demand for Islamic insurance in Malaysia. Our conclusions are robust to alternative specifications model of GLS with Fixed Effects that help us to control for unobservable heterogeneity.
format Article
author Abdul Hamid, Mohamad
Osman, Jamil
Amin Noordin, Bany Ariffin
spellingShingle Abdul Hamid, Mohamad
Osman, Jamil
Amin Noordin, Bany Ariffin
Determinants of corporate demand for Islamic insurance in Malaysia
author_facet Abdul Hamid, Mohamad
Osman, Jamil
Amin Noordin, Bany Ariffin
author_sort Abdul Hamid, Mohamad
title Determinants of corporate demand for Islamic insurance in Malaysia
title_short Determinants of corporate demand for Islamic insurance in Malaysia
title_full Determinants of corporate demand for Islamic insurance in Malaysia
title_fullStr Determinants of corporate demand for Islamic insurance in Malaysia
title_full_unstemmed Determinants of corporate demand for Islamic insurance in Malaysia
title_sort determinants of corporate demand for islamic insurance in malaysia
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2009
url http://psasir.upm.edu.my/id/eprint/13942/1/13942.pdf
http://psasir.upm.edu.my/id/eprint/13942/
http://econ.upm.edu.my/ijem/vol3_no2.htm
_version_ 1643825483572314112
score 13.211869

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