Browsing by Topic Islamic capital markets::Sukuk

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 20 to 20 of 20
  • why_issuers_issue_sukuk_conventional_bond_evidence_malaysian_listed_firms_partial_adjustment_models_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Hisham Hanifa; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2015)

  • Although sukuk has been dominating the Malaysian capital market, the motivations of the firms issuing sukuk or conventional bonds remained largely unexplored. Using the partial adjustment model, we make the initial attempt, to test a firm's target debt optimizing behavior and secondly, to find the firm specific determinants of target debt ratio using a sukuk or conventional bond issuance 3 dataset. Our sample consists of 120 conventional bonds and 80 sukuk issuers from 2000 to 2012. We employ two recent dynamic panel data estimators, 4 which resulted in three major findings. Firstly, our results provide stronger support for trade-off view based on a firm's optimizing behavior among su...

Browsing by Topic Islamic capital markets::Sukuk

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 20 to 20 of 20
  • why_issuers_issue_sukuk_conventional_bond_evidence_malaysian_listed_firms_partial_adjustment_models_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Hisham Hanifa; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2015)

  • Although sukuk has been dominating the Malaysian capital market, the motivations of the firms issuing sukuk or conventional bonds remained largely unexplored. Using the partial adjustment model, we make the initial attempt, to test a firm's target debt optimizing behavior and secondly, to find the firm specific determinants of target debt ratio using a sukuk or conventional bond issuance 3 dataset. Our sample consists of 120 conventional bonds and 80 sukuk issuers from 2000 to 2012. We employ two recent dynamic panel data estimators, 4 which resulted in three major findings. Firstly, our results provide stronger support for trade-off view based on a firm's optimizing behavior among su...