Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia

This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principl...

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Main Author:	Haron, Razali
Format:	Article
Language:	English English
Published:	International Islamic University Malaysia 2017
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/59714/ http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf

id	iium-59714
recordtype	eprints
spelling	iium-597142018-03-23T03:42:39Z http://irep.iium.edu.my/59714/ Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia Haron, Razali HG3368 Islamic Banking and Finance This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principles with the restriction imposed on the debt consumption level allowed seem to have significant effect on the debt financing of Shari’ah-compliant firms understudy as well. Fear of the dilution of controlling power over the firms for these family owned and the characteristics of Shari’ah-compliant being governed by certain Shari’ah regulation have significant influence on debt consumption in the capital structure. Certain significant determinants seem to enhance the unique nature of these firms regarding the debt financing decision. This study contributes to the literature by providing insights of the factors affecting the debt financing of family owned, Shari’ah-compliant firms in Malaysia. International Islamic University Malaysia 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf application/pdf en http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf Haron, Razali (2017) Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia. Al-Shajarah, Special Issue: Islamic Banking and Finance. pp. 139-163. ISSN 1394-6870
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Haron, Razali Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
description	This study examines the impact of ownership structure on the debt financing of 556 Shari’ah compliant firms in Malaysia from 2000-2015. This study reveals that the nature of family-owned firms does have great influence in the debt financing decisions and being closely guided by the Shari’ah principles with the restriction imposed on the debt consumption level allowed seem to have significant effect on the debt financing of Shari’ah-compliant firms understudy as well. Fear of the dilution of controlling power over the firms for these family owned and the characteristics of Shari’ah-compliant being governed by certain Shari’ah regulation have significant influence on debt consumption in the capital structure. Certain significant determinants seem to enhance the unique nature of these firms regarding the debt financing decision. This study contributes to the literature by providing insights of the factors affecting the debt financing of family owned, Shari’ah-compliant firms in Malaysia.
format	Article
author	Haron, Razali
author_facet	Haron, Razali
author_sort	Haron, Razali
title	Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_short	Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_full	Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_fullStr	Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_full_unstemmed	Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia
title_sort	ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in malaysia
publisher	International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/59714/ http://irep.iium.edu.my/59714/1/06%20-%20Al%20Shajarah.pdf http://irep.iium.edu.my/59714/8/59714_Ownership%20structure%20of%20family-owned_Scopus.pdf
first_indexed	2023-09-18T21:24:37Z
last_indexed	2023-09-18T21:24:37Z
_version_	1777412108087984128

Ownership structure of family-owned firms and debt financing. evidence on shari’ah-compliant firms in Malaysia

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