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The Impact of Leverage on Investment: Evidence from Shariah Listed Firms

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dc.contributor.authorIsmail, A. G.en_US
dc.contributor.authorMa'in, M.en_US
dc.contributor.authorAhmat, N.en_US
dc.date.accessioned2024-05-29T08:19:41Z
dc.date.available2024-05-29T08:19:41Z
dc.date.issued2011
dc.description.abstractThis study examines the impact of leverage on the firm's investment decisions using information on Malaysia Shariah listed firms between 2000 and 2007. From the theory, leverage is one mechanism for overcoming the over investment problem, suggesting a negative relationship between debt and investment for firms with low growth opportunities. This paper extends the previous literature by using a panel data methodology. It shows that leverage is negatively related to investment and this impact is significant to different measures of leverage and to alternative empirical models. However, this negative effect is not significant only for firms with low growth opportunities (lower Q) but also refers to firms with high growth opportunities (high Q).en_US
dc.identifier.epage120
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage105
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/134
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14480
dc.identifier.volume8
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.sourceOpen Journal Systems
dc.subjectLeverageen_US
dc.subjectInvestmenten_US
dc.subjectMalaysiaen_US
dc.subjectCorporate financeen_US
dc.titleThe Impact of Leverage on Investment: Evidence from Shariah Listed Firmsen_US
dc.typeArticleen_US
dspace.entity.typePublication

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