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Debt Financing And Firm Performance: An Analysis Of Securities Commission Of Malaysia 2013 Revised Shariah Approved Firms Screening Method

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dc.contributor.authorNurshamimitul Ezza Ramlien_US
dc.contributor.authorGairuzazmi M Ghanien_US
dc.contributor.authorRazali Haronen_US
dc.contributor.authorNorazizan Che Embien_US
dc.date.accessioned2024-05-28T04:28:22Z
dc.date.available2024-05-28T04:28:22Z
dc.date.issued2020
dc.date.submitted21/12/2020
dc.descriptionVolume :5 Issue:1en_US
dc.description.abstractThis study aims to assess the impact of Securities Commission (SC) of Malaysia 2013 revised Shariah approved firms screening method in relation to the levels of debt and the Shariah- approved firms’ performance. Panel regressions were employed to examine the impact for firms that are consistently Shariah-approved as determined by the SC of Malaysia.The period of study is 2000 to 2014. There gression result indicatesa non-monotone association between Shariah-approved firms’ performance and debt levels. The optimum level of debt, however, is much higher than the 33% benchmark set by SC. Hence, it can be concluded that the 2013 revised Shariah- approved firms screening method which introduced the 33% debt ratio benchmark did not improve the performance of Shariah-approved firms for the period studied. Nevertheless, since the observations are only until 2014, it is possible that the observations have not capture the true impact of the change.en_US
dc.identifier.doi10.26652/cjif.5202014
dc.identifier.epage85
dc.identifier.issn2519-707X
dc.identifier.issue1
dc.identifier.spage64
dc.identifier.urihttps://lahore.comsats.edu.pk/CIF/Journal/Vo5-1/DOI10.26652.cjif.5202014.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/5710
dc.identifier.volume5
dc.language.isoen_USen_US
dc.publisherComsat University Islamabaden_US
dc.relation.ispartofCOMSATS Journal of Islamic Finance (CJIF)en_US
dc.subjectDebt financing, Firm performance, Shariah-approved firms, Shariah screening method, Optimum debt level.en_US
dc.titleDebt Financing And Firm Performance: An Analysis Of Securities Commission Of Malaysia 2013 Revised Shariah Approved Firms Screening Methoden_US
dc.typeArticleen_US
dspace.entity.typePublication

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