rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: determinants of debt financing and firm performance
    sub title: evidence on shariah approved firms
  name:
    name part: Nurshamimitul Ezza binti Ramli
    role:
      role term: creator
    role:
      role term: author
  name:
    name part: International Islamic University Malaysia
    name part: Institute of Islamic Banking and Finance.
  genre: Theses, IIUM local
  origin info:
    place:
      place term: my
    date issued: 2018
  language:
    language term: eng
  physical description:
    extent: xv, 204 leaves : illustrations ; 30cm.
  abstract: The issue of high reliance on debt has raised major concern since it has created several downfalls of large US's corporation such as Enron (2001) and Lehman Brothers (2008) and the 2009 Greek Depression. In Malaysia, statistic shows that after the 2008 global financial crisis, its average corporate debt-to-GDP increased tremendously for the period of 2009 to 2015—from 75.60% to 94.10%. This figure is alarming as financial crises in many emerging countries have been preceded by a rapid growth in debt level of the countries. Further, in the revised Shariah screening methodology in 2013, listed firms on Bursa Malaysia are now required to comply with 33% debt ratio benchmark if they are to be classified as Shariah-approved stocks. Therefore, the first part of analysis focuses on examining factors that affect debt level of Shariah-approved firms in Malaysia. This study covers a balanced panel of 239 Shariah-approved firms listed on the Bursa Malaysia from 2000 to 2014—which a firm must be Shariah-approved firms consistently during that period. The study employs a static panel regression model which includes the pooled OLS, random effect model (REM) and fixed effect model (FEM). The results show that growth opportunity, size, bankruptcy risk, and non-debt tax shield (NDTS) are robust evidence to determine debt level of Shariah-approved firms in Malaysia. Further, industry determinant proxies by Herfindahl-Hirschman (HH) Index and economic determinants that include inflation, GDP and economic crisis are also significantly affect firm's debt level. The study also found that there is a variation of results across the industries that confirms industry nature plays a role in determining debt level of the firms. In the second part of the analysis, it was extended to the performance context aim to assess the impact of debt level on the performance of Shariah-approved firms in Malaysia. Using panel non-linear regression, the analysis proved that a non-linear relationship exists b…
  note: byNurshamimitul Ezza binti Ramli
  note: Thesis (Ph.D)--International Islamic University Malaysia, 2018.
  note: Includes bibliographical references (leaves 184-196).
  subject:
    geographic code: a-my---
  classification: BPH333
  identifier: https://lib.iium.edu.my/mom/services/mom/document/getFile/OoMrJo5hELbyQ4aAaJ7dXQd9y00DNSEp20180927150606047
  record info:
    record content source: UIAM
    record creation date: 180301
    language of cataloging:
      language term: eng