[go: up one dir, main page]

create a website
Testing Sukuk And Conventional Bond Offers Based On Corporate Financing Theories Using Partial Adjustment Models: Evidence From Malaysian Listed Firms. (2014). Masih, Abul ; Bacha, Obiyathulla ; Hanifa, Mohamed Hisham .
In: MPRA Paper.
RePEc:pra:mprapa:56953.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 68

References cited by this document

Cocites: 35

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Yield spread determinants of sukuk and conventional bonds. (2021). Tsionas, Mike ; Izzeldin, Marwan ; Elnahass, Marwa ; Saeed, Momna.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:105:y:2021:i:c:s0264999321002534.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abor, J. (2008) ‘Determinants of the Capital Structure of Ghanaian Firms,’ African Economic Research Consortium, AERC Research Paper 176, Nairobi, March 2008

  2. Ali and Salman S. (2003), ‘Risk, Control and Choice of Islamic Financial Contracts’, Islamic Research and Training Institute, Islamic Development Bank, Jeddah
    Paper not yet in RePEc: Add citation now
  3. Alves, PFP and Ferreira, MA. (2011), ‘Capital Structure and Law Around the World’, Journal of Multinational Financial Management, 21, 119-150.

  4. Antoniou, A., Guney, Y. and Paudyal, K. (2008), ‘The determinants of capital structure: capital market oriented versus bank oriented institutions, Journal of Financial and Quantitative Analysis, 43, 59–92.

  5. Arellano, M. and Bond, SR. (1991), ‘Some tests of specification for panel data: monte carlo evidence and application to employment equations’, Review of Economic Studies, 58(2), 277-297.

  6. Bakar, D. (2009), ‘Collaborative sukuk report, ‘ zawya. [online]. https://www.zawya.com/sukuk/
    Paper not yet in RePEc: Add citation now
  7. Baker, M. and Wurgler, J. (2002), ‘Market Timing and Capital Structure’, The Journal of Finance, 57(1), 1-32.

  8. Baltagi, BH. (2008), ‘Econometric Analysis of Panel Data’, John Wiley and Sons, West Sussex.
    Paper not yet in RePEc: Add citation now
  9. Bank Negara Malaysia, annual reports 2002 – 2011 Bank Negara Malaysia, monthly statistical extracted from www.bnm.gov.my
    Paper not yet in RePEc: Add citation now
  10. Berkovitch, E., Gesser, R. and Sarig, O. (2004), ‘Going public: public debt or public equity?’ The Rodney L. White Center for Financial Research, Working paper 31-04. The Wharton School, University of Pennsylvania
    Paper not yet in RePEc: Add citation now
  11. Blundell, RW. and Bond, SR. (1998), ‘Initial conditions and moment restrictions in dynamic panel data models’, Journal of Econometrics, 87, 115–43.

  12. Bradley, M., Jarrell GA. and Kim EH. (1984), ‘On the existence of an optimal capital structure: Theory and evidence,’ J. Finance, 39(3), 857-880.

  13. Brennan, M. and Kraus, A. (1987), ‘Efficient financing under asymmetric information’, Journal of Finance, 42, 1225-1243.

  14. Brennan, M. and Schwartz, E. (1988), ‘The case for convertibles’, Journal of Applied Corporate Finance, 55-64.
    Paper not yet in RePEc: Add citation now
  15. Byoun, S. (2008), ‘How and when do firms adjust their capital structures toward targets?’, Journal of Finance,63, 3069–96.

  16. Chang, X. and Dasgupta, S. (2009), ‘Target behavior and financing: how conclusive is the evidence’, Journal of Finance, 64, 1767–96.

  17. Dang, VA. (2013), ‘Testing capital structure theories using error correction model: evidence from UK, France and Germany’, Applied Economics, 45, 171-190.

  18. De Jong, A., Kabir, R. and Nguyen, TT. (2008), ‘Capitalstructure around the world: the roles of firm- and country-specific determinants’, Journal of Banking and Finance, 32, 1954–69.

  19. De Jong, A., Verbeek, M, and Verwijmeren, P. (2011), ‘Firms’ Debt-Equity Decision when The Static Trade-Off Theory and The Pecking Order Theory Disagree’, Journal of Banking and Finance, 35, 1301-14.
    Paper not yet in RePEc: Add citation now
  20. DeAngelo, H. and Masulis, R. (1980), ‘Optimal capital structure under corporate and personal taxation’, Journal of Financial Economics, 8, 3–29.

  21. Deesomsak, R., Paudyal, K. and Pescetto, G. (2004), ‘The Determinants of Capital Structure: Evidence from the Asia Pacific Region’, Journal of Multinational Financial Management, 14, 387–405.

  22. Drobetz, W. and Wanzenried, G. (2006), ‘What Determines the Speed of Adjustment to the Target Capital Structure?,’ Applied Financial Economics, 16, 941-958.

  23. Dutordoir, M. and De Gucht, LV. (2004), ‘Why do western europe firms issue convertibles instead of straight debt or equity?,’ Research workshop, Columbia University.
    Paper not yet in RePEc: Add citation now
  24. Essig, S. (1991), ‘Convertible securities and capital structure determinants,’ Unpublised PhD thesis, Graduate School of Business, University of Chicago.
    Paper not yet in RePEc: Add citation now
  25. Fama, EF and French, KR. (2005), ‘Financing decisions: who issues stock?’, Journal of Financial Economics, 76, 549–82.

  26. Flannery, MJ and Hankins, KW. (2013), ‘Estimating Dynamic Panel Model In Corporate Finance’, Journal of Corporate Finance, 19, 1-19.

  27. Flannery, MJ and Rangan, KP. (2006), ‘Partial adjustment toward target capital structures’, Journal of Financial Economics, 79, 469–506.

  28. Frank, M and Goyal, VK. (2009), ‘Capital structure decisions: which factors are reliably important?’, Financial Management, 38, 1–37.

  29. Frank, MZ and Goyal, VK. (2003), ‘Testing the pecking order theory of capital structure, Journal of Financial Economics, 67, 217–48.

  30. Frank, MZ. and Goyal, VK. (2007), ‘Trade-off and pecking order theories of debt, in Handbook of Corporate Finance: Empirical Corporate Finance, Chap. 12, Vol. 2 (Ed.) B. E. Eckbo, North Holland, Elsevier Science, Amsterdam, 135–202.
    Paper not yet in RePEc: Add citation now
  31. Gaud, P., Jani, E., Hoesli M. and Bender A. (2005), ‘The Capital Structure of Swiss Companies: An Empirical Analysis Using Dynamic Panel Data,’European Financial Management, 11(1), 1-28.

  32. Green, R. (1984), ‘Investment incentives, debt and warrants,’Journal of Financial Economics, 13, 115-136.

  33. Harris, M and Raviv, A. (1991), ‘The theory of capital structure, Journal of Finance, 46, 297–356.

  34. Hennessy, CA. and Whited, TM. (2006), ‘Debt dynamics’, Journal of Finance, 60, 1129–65.
    Paper not yet in RePEc: Add citation now
  35. Hovakimian, A., Opler, T., and Titman, S. (2001), ‘The debt equity choice’, Journal of Financial Quantitaive Analysis, 36, 1-24.

  36. Huang, R. and Ritter, JR. (2009), ‘Testing theories of capital structure and estimating the speed of adjustment’, Journal of Financial and Quantitative Analysis, 44, 237–71.

  37. Jensen, M. (1986), ‘Agency costs of free cash flow, corporate finance and takeovers,’ American Economic Review, 76,323–39.

  38. Khairunisah, I. and Razali, H. (2012), ‘The Impact of Sukuk on Corporate Financing: Malaysia Evidence,’ Journal of Islamic Finance, 1(1), 001 – 011.
    Paper not yet in RePEc: Add citation now
  39. Kim, YC. and Stulz, RM. (1992), ‘Is there a global market for convertible bonds?,’ Journal of Business, 75-91.

  40. Lemmon, ML. and Zender, JF. (2010), ‘Debt capacity and test of capital structure theories,’ Journal of Financial and Quantitative Analysis, 45, 1161-87.

  41. Lemmon, ML., Roberts, MR. and Zender, JF. (2008), ‘Back to the beginning: persistence and the crosssection of corporate capital structure,’ Journal of Finance, 63, 1575–608.

  42. Lewis, CM., Rogalski, RJ. and Seward, JK. (1999), ‘Is convertible debt a substitute for straight debt or for common equity?,’ Financial Management, 28, 5-27.

  43. Lewis, CM., Rogalski, RJ. and Seward, JK. (2001), ‘The long-run performance of firms that issue convertible debt: an empirical analysis of operating chracteristics, analyst forecast, and risk effects,’ Journal of Corporate Finance, 7 (4), 447-474.

  44. Marsh, P. (1982), ‘The choice between equity and debt: an empirical study,’ Journal of Finance, 37, 121-144.

  45. Mayers, D. (1998), ‘Why firms issue convertible bonds: the matching of financial and real investment options,’Journal of Financial Economics, 83-102.
    Paper not yet in RePEc: Add citation now
  46. Mayers, D. (2000), ‘Convertible bonds: matching financial and real options,’ Journal of Applied Corporate Finance, 13 (1), 8-16.

  47. Modigliani and Miller MH. (1963), ‘Corporate income taxes and the cost of capital: a correction’, Amer. Econ, 53(3), 433-443.
    Paper not yet in RePEc: Add citation now
  48. Modigliani and Miller, MH. (1958), ‘The cost of capital, corporation finance and the theory of investment’, Amer. Econ. Rev, 48(3), 261-297.
    Paper not yet in RePEc: Add citation now
  49. Myers SC. (1986) The search for optimal capital structure, in J. M. Stern and D. H. Chew Jr., The Revolution in Corporate Finance, Oxford, Basil Blackwell, 91-99.
    Paper not yet in RePEc: Add citation now
  50. Myers, SC. (1977), ‘Determinants of corporate borrowing,’ Journal of Financial Economics, 5, 145–75.

  51. Myers, SC. (1984), ‘The capital structure puzzle,’ Journal of Finance, 34, 575–92.

  52. Myers, SC. and Majluf, NS. (1984), ‘Corporate financing and investments decisions when firms have information that investors do not have,’ Journal of Financial Economics, 13, 187–221.

  53. Nagano, M. (2010), ‘Islamic Finance and the Theory of Capital Structure,’ MPRA Paper 24567, University Library of Munich, Germany.

  54. Narayanan, MP. (1988), ‘Debt versus equity under asymmetric information,’ Journal of Financial and Quantitative Analysis, 23, 39-51.

  55. Ozkan, A. (2001), ‘Determinants of capital structure and adjustment to long run target: evidence from UK company panel data,’ Journal of Business Finance and Accounting, 28, 175–98.

  56. Pandey, IM. (2001), ‘Capital structure and firm characteristics: evidence from an emerging market,’ Indian Institute of Management Ahmadabad, India.

  57. Rajan, RG. and Zingales, L. (1995), ‘What do we know about capital structure? Some evidence from international data’, Journal of Finance, 50, 1421–61.

  58. Rauh JD. and Ameer S., (2010), ‘Capital Structure and Debt Structure,’ SSRN working paper . [Online], [Retrieved January 22, 2012], http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1097577

  59. Roodman, D. (2006), ‘How to Do xtabond2: An Introduction to "Difference" and "System" GMM in Stata,’ Center for Global Development, December.1-44.

  60. Ross, SA. (1977), ‘The Determinants of financial structure: The incentive-signaling approach,’ Bell Journal of Economics, 8, 23-40.

  61. Securities Commission of Malaysia Annual Reports, available at: http://www.sc.com.my/(accessed 9 April 2012).
    Paper not yet in RePEc: Add citation now
  62. Shah, MESMR. (2012), ‘Dynamic Capital Structure Under Political Patronage: A Pre- And Post- Crisis Analysis Of Malaysia,’ Unpublished doctoral dissertation, University of Nottingham.
    Paper not yet in RePEc: Add citation now
  63. Shahida, S. and Saharah, S. (2013), ‘Why Do Firms Issue Sukuk Over Bonds? Malaysian Evidence,’ Proceeding of the 15th Malaysian Finance Association Conference 2013 (MFA), 2-4 June 2013, Kuala Lumpur, Malaysia.
    Paper not yet in RePEc: Add citation now
  64. Shyam-Sunder, L. and Myers, S. (1999), ‘Testing static trade-off against pecking order models of capital structure,’ Journal of Financial Economics, 51,219–44.
    Paper not yet in RePEc: Add citation now
  65. Smith, J., Clifford, W. and Warner, JB. (1979), ‘On financial contracting: an analysis of bond covenants,’ Journal of Financial Economics, 7 (2), 117-161.

  66. Stein, JC. (1992), ‘Convertible bonds as backdoor equity financing,’ Journal of Financial Economics, 9, 88-104.

  67. Strebulaev, IA. (2007), ‘Do tests of capital structure theory mean what they say,’ Journal of Finance, 62, 1747–87.

  68. Titman, S. and Wessels, R. (1988), ‘The determinants of capital structure choice,’ Journal of Finance, 43, 1–19.

Cocites

Documents in RePEc which have cited the same bibliography

  1. .

    Full description at Econpapers || Download paper

  2. .

    Full description at Econpapers || Download paper

  3. Effect of Capital Structure on the Profitability of Non-Financial Institutions in Nigeria. (2022). Okpanachi, Sylvester Elias ; Jude, Arinzechukwu Okpara.
    In: Journal of Business Administration Research.
    RePEc:jfr:jbar11:v:11:y:2022:i:1:p:37.

    Full description at Econpapers || Download paper

  4. Export Decision and Credit Constraints under Institution Obstacles. (2022). Hong, Hai Thi ; Stachuletz, Rainer ; Phan, Trang Hoai.
    In: Sustainability.
    RePEc:gam:jsusta:v:14:y:2022:i:9:p:5638-:d:810420.

    Full description at Econpapers || Download paper

  5. Bribery—Export Nexus under the Firm’s Growth Obstacles. (2022). Stachuletz, Rainer ; Phan, Trang Hoai.
    In: Economies.
    RePEc:gam:jecomi:v:10:y:2022:i:2:p:28-:d:728300.

    Full description at Econpapers || Download paper

  6. Export Decision and Credit Constraints under Institution Obstacles. (2022). Hong, Hai Thi ; Stachuletz, Rainer ; Phan, Trang Hoai.
    In: Publications of Darmstadt Technical University, Institute for Business Studies (BWL).
    RePEc:dar:wpaper:132783.

    Full description at Econpapers || Download paper

  7. Debt policy, firm value, and the macroeconomic environment nexus: Evidence from non?financial sector firms in Ghana. (2021). Abdulmalik, Abdulai ; Suhaibu, Iddrisu.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:26:y:2021:i:2:p:2106-2117.

    Full description at Econpapers || Download paper

  8. Determinants of debt ratio levels among small-scale manufacturing enterprises in Ethiopia: Do government policies matter?. (2020). Melesse, Wondemhunegn Ezezew.
    In: MPRA Paper.
    RePEc:pra:mprapa:103240.

    Full description at Econpapers || Download paper

  9. Financing preferences and practices of Indian SMEs. (2020). Baker, Kent H ; Rao, Purnima ; Kumar, Satish.
    In: Global Finance Journal.
    RePEc:eee:glofin:v:43:y:2020:i:c:s1044028317301837.

    Full description at Econpapers || Download paper

  10. Shareholders control rights, family ownership and the firms leverage decisions. (2020). Liu, Jia ; Amin, Qazi Awais.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:72:y:2020:i:c:s1057521920302350.

    Full description at Econpapers || Download paper

  11. Capital Structure and Profitability of Manufacturing Firms listed on the Nigerian Stock Exchange. (2019). Akomolafe, Lovetholuwatosin ; Akinleye, Gideon Tayo.
    In: Information Management and Business Review.
    RePEc:rnd:arimbr:v:11:y:2019:i:3:p:27-34.

    Full description at Econpapers || Download paper

  12. AN EMPIRICAL ANALYSIS OF CORPORATE CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED CONGLOMERATES IN NIGERIA. (2019). Quadri, Yusuf Olamilekan ; Saheed, Daud Omotosho ; Oke, Lukman Adebayo.
    In: Copernican Journal of Finance & Accounting.
    RePEc:cpn:umkcjf:v:8:y:2019:i:3:p:95-114.

    Full description at Econpapers || Download paper

  13. Financial Management Practices, Firm Growth and Profitability of Small and Medium Scale Enterprises (SMEs). (2018). Pomaa, Portia ; Gakpetor, Erasmus Dodzi ; Musah, Alhassan.
    In: Information Management and Business Review.
    RePEc:rnd:arimbr:v:10:y:2018:i:3:p:25-37.

    Full description at Econpapers || Download paper

  14. DETERMINANTS OF CAPITAL STRUCTURE – A SECTOR SPECIFIC APPROACH. (2018). Janor, Huwati ; Singh, Shailender ; Hedau, Amit.
    In: Romanian Economic Business Review.
    RePEc:rau:journl:v:13:y:2018:i:4:p:14-30.

    Full description at Econpapers || Download paper

  15. The Debt Maturity Structure of Nigerian Quoted Firms. (2018). Olowe, Rufus ; Paseda, Oluseun.
    In: MPRA Paper.
    RePEc:pra:mprapa:117061.

    Full description at Econpapers || Download paper

  16. The Impact of Capital Structure on Profitability of Commercial Banks in Ghana. (2018). Musah, Alhassan.
    In: Asian Journal of Economic Modelling.
    RePEc:asi:ajemod:2018:p:21-36.

    Full description at Econpapers || Download paper

  17. The Effect of Capital Structure Choice on the Performance of Corporate Organizations: A Case of Quoted Agro-Based Firms in Nigeria. (2017). Bassey, Nsikan Edet ; Solomon, Ubong Udo ; Ukpe, Offiong Uma .
    In: Bulletin of Business and Economics (BBE).
    RePEc:rfh:bbejor:v:6:y:2017:i:2:p:58-67.

    Full description at Econpapers || Download paper

  18. Access to Finance Constraint and SMEs Functioning in Ghana. (2017). Nyanzu, Frederick ; Quaidoo, Matthew.
    In: MPRA Paper.
    RePEc:pra:mprapa:83202.

    Full description at Econpapers || Download paper

  19. The Relationship between Non-financial Factors, Capital Structure and the Performance of the Listed Companies on the Stock Exchange. (2017). Bakhshani, Safiye .
    In: International Journal of Economics and Financial Issues.
    RePEc:eco:journ1:2017-03-71.

    Full description at Econpapers || Download paper

  20. DOES CAPITAL STRUCTURE INFLUENCE COMPANY’S PROFITABILITY?. (2017). herciu, mihaela ; Claudia, Ogrean.
    In: Studies in Business and Economics.
    RePEc:blg:journl:v:12:y:2017:i:3:p:50-62.

    Full description at Econpapers || Download paper

  21. Internal Financial Markets and Corporate Investment Strategies in Africa — A Case Study of Mauritius. (2016). Coomar, Prayagsing Chakeel ; Kheswar, Jankee .
    In: The Review of Finance and Banking.
    RePEc:rfb:journl:v:08:y:2016:i:1:p:007-020.

    Full description at Econpapers || Download paper

  22. Impact of Capital Structure on Stock Prices: Evidence from Oman. (2016). Menon, Udayakumari Vidhyasagara .
    In: International Journal of Economics and Finance.
    RePEc:ibn:ijefaa:v:8:y:2016:i:9:p:249-257.

    Full description at Econpapers || Download paper

  23. The Casual Relationship Between Debt and Profitability: The Case of Italy. (2016). Muscettola, Marco ; Naccarato, Francesco.
    In: Athens Journal of Business & Economics.
    RePEc:ate:journl:ajbev2i1-2.

    Full description at Econpapers || Download paper

  24. Determinants of Capital Structure of Banks: Evidence from Sub-Sahara Africa. (2015). Anarfo, Ebenezer Bugri .
    In: Asian Economic and Financial Review.
    RePEc:asi:aeafrj:2015:p:624-640.

    Full description at Econpapers || Download paper

  25. Testing Sukuk And Conventional Bond Offers Based On Corporate Financing Theories Using Partial Adjustment Models: Evidence From Malaysian Listed Firms. (2014). Masih, Abul ; Bacha, Obiyathulla ; Hanifa, Mohamed Hisham .
    In: MPRA Paper.
    RePEc:pra:mprapa:56953.

    Full description at Econpapers || Download paper

  26. ANALYSIS OF CAPITAL STRUCTURE AND EFFICIENCY OF CAPITAL EMPLOYEDIN AGRO-ALLIED FIRMS IN NIGERIA. (2014). Okpukpara, B C ; Arene, C J ; Bassey, Nsikan E.
    In: Review of Agricultural and Applied Economics (RAAE).
    RePEc:ags:roaaec:196623.

    Full description at Econpapers || Download paper

  27. COMPARATIVE STUDY OF THE DETERMINANTS OF CAPITAL STRUCTURE OF QUOTED AND UNQUOTED AGRO-BASED FIRMS IN NIGERIA. (2014). Akpaeti, Aniekan Jim ; Bassey, Nsikan Edet ; Arene, Chukwuemeka John .
    In: International Journal of Food and Agricultural Economics (IJFAEC).
    RePEc:ags:ijfaec:168588.

    Full description at Econpapers || Download paper

  28. Announcements Effect of Corporate Bond Issuance and Its Determinants. (2013). Nur Adiana Hiau Abdullah, ; Chin, Sze Kim .
    In: Contemporary Economics.
    RePEc:wyz:journl:id:271.

    Full description at Econpapers || Download paper

  29. Dynamism, Capital Structure, and Performance in a Sub-Saharan Economy: Extending the Institutional Difference Hypothesis. (2013). Ofori-Dankwa, Joseph ; Julian, Scott D.
    In: Organization Science.
    RePEc:inm:ororsc:v:24:y:2013:i:5:p:1422-1438.

    Full description at Econpapers || Download paper

  30. Determinants of capital structuring: an empirical study of growth and financing behavior of firms of textile sector in Pakistan. (2012). Chhapra, Imran ; Asim, Muhammad.
    In: MPRA Paper.
    RePEc:pra:mprapa:51068.

    Full description at Econpapers || Download paper

  31. DETERMINANTS OF CAPITAL STRUCTURING: AN EMPIRICAL STUDY OF GROWTH AND FINANCING BEHAVIOR OF FIRMS OF TEXTILE SECTOR IN PAKISTAN. (2012). Asim, Muhammad ; Chhapra, Imran Umer.
    In: IBT Journal of Business Studies (JBS).
    RePEc:aib:ibtjbs:v:8:y:2012:i:2:p:8-1.

    Full description at Econpapers || Download paper

  32. DETERMINANTS OF CAPITAL STRUCTURING: AN EMPIRICAL STUDY OF GROWTH AND FINANCING BEHAVIOR OF FIRMS OF TEXTILE SECTOR IN PAKISTAN. (2012). Asim, Muhammad ; Chhapra, Imran Umer.
    In: IBT Journal of Business Studies (JBS).
    RePEc:aib:ibtjbs:v:8:y:2012:i:2:p:1-10.

    Full description at Econpapers || Download paper

  33. How do Firm Characteristics Affect Capital Structure? Some UK Evidence... (2010). AKDAL, Sinan.
    In: MPRA Paper.
    RePEc:pra:mprapa:29657.

    Full description at Econpapers || Download paper

  34. How do Firm Characteristics Affect Capital Structure? Some UK Evidence.. (2010). AKDAL, Sinan.
    In: MPRA Paper.
    RePEc:pra:mprapa:29199.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-24 17:54:59 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.