Publication:
Capital structure and Shari'ah compliance firms: Malaysian evidence
Abstracts views
288
Views & Download
48
Date
2019
SDG:
Abstract
In the literature of corporate finance, there exists alongside others, an age long inquiry into the behaviour and determinants of corporate capital structure. The study into capital structure behaviour was pioneered by Modigliani and Miller (1958, 1963) and which is still widely research today. Despite years of research, much are still unknown to us, which determinants are reliable explanator of capital structure variations across firms and time. In 1984, Stewart C. Myers officially introduced the "Capital Structure Puzzle" in his American Finance Association Presidential Speech. The capital structure puzzle at its heart asks the question of how do firms decide and manage their capital structure?
Keywords
Islamic capital market , Capital structure , Shari'ah compliant firms , Malaysia
Citation
Abdul Halim, A., Abd Sukor, M. E., & Bacha, O. I. (2019). Capital structure and Shari'ah compliance firms: Malaysian evidence. In Muhamed Zulkhibri and Turkhan Ali Abdul Manap (Eds.), Islamic finance, risk-sharing and macroeconomic stability (pp. 63-79). Cham, Switzerland: Palgrave Macmillan.
Publisher
Palgrave Macmillan
Available in physical copy and ebook (Call Number: HG 3368 A6 I82Z)