Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien

Ma'in, Masturah and Mohd Rafien, Nor Shahrina (2013) Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien. Research Reports. Research Management Institute (RMI), UiTM Shah Alam. (Unpublished)

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Abstract

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 also utilizes the same estimation method i.e. 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, BaP Bithaman Ajil and Ijarah financing show a negative effect on investment of firm. Fifth, the zakah variable shows a mixed result on firm investment.

Item Type: Monograph (Research Reports)
Creators:
CreatorsEmail
Ma'in, MasturahUNSPECIFIED
Mohd Rafien, Nor ShahrinaUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Research Management Institute (RMI)
Item ID: 23011
Uncontrolled Keywords: Investment
Last Modified: 30 Jan 2019 08:57
Depositing User: Staf Pendigitalan 5
URI: http://ir.uitm.edu.my/id/eprint/23011

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