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

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 sam...

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Main Authors:	Ma'in, Masturah, Mohd Rafien, Nor Shahrina
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2013
Subjects:	Investment, capital formation, speculation
Online Access:	http://ir.uitm.edu.my/id/eprint/23011/ http://ir.uitm.edu.my/id/eprint/23011/1/LP_MASTURAH%20MA%27IN%20RMI%2013_5.pdf

id	uitm-23011
recordtype	eprints
spelling	uitm-230112019-01-30T08:57:52Z http://ir.uitm.edu.my/id/eprint/23011/ Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien Ma'in, Masturah Mohd Rafien, Nor Shahrina Investment, capital formation, speculation 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. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/23011/1/LP_MASTURAH%20MA%27IN%20RMI%2013_5.pdf 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 [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Investment, capital formation, speculation
spellingShingle	Investment, capital formation, speculation Ma'in, Masturah Mohd Rafien, Nor Shahrina Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
description	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.
format	Research Reports
author	Ma'in, Masturah Mohd Rafien, Nor Shahrina
author_facet	Ma'in, Masturah Mohd Rafien, Nor Shahrina
author_sort	Ma'in, Masturah
title	Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
title_short	Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
title_full	Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
title_fullStr	Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
title_full_unstemmed	Investment, Islamic bank and financial design from Malaysian listed firms / Masturah Ma'in and Nor Shahrina Mohd Rafien
title_sort	investment, islamic bank and financial design from malaysian listed firms / masturah ma'in and nor shahrina mohd rafien
publisher	Research Management Institute (RMI)
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/23011/ http://ir.uitm.edu.my/id/eprint/23011/1/LP_MASTURAH%20MA%27IN%20RMI%2013_5.pdf
first_indexed	2023-09-18T23:09:53Z
last_indexed	2023-09-18T23:09:53Z
_version_	1777418731608080384

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

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