Securities Lending and Corporate Financing: Evidence from Bond Issuance

2018 ◽  
Author(s):  
Jennie Bai ◽  
Massimo Massa ◽  
Hong Zhang
Keyword(s):  
Corporate Financing

Qualitative Research on Critical Issues In Halal Logistics

2013 ◽  
Vol 1 (2) ◽  
pp. 131 ◽  
Author(s):  
Mohamed Syazwan Ab Talib ◽  
Lim Rubin ◽  
Vincent Khor Zhengyi
Keyword(s):  
Capital Structure ◽  
Agency Theory ◽  
Random Effect ◽  
Random Effect Model ◽  
Order Theory ◽  
Specific Factor ◽  
Pecking Order ◽  
Pecking Order Theory ◽  
Corporate Financing ◽  
Financing Decision

This is a preliminary study developed to explore the determinants of capital structure of Shariah-compliant firms listed in Bursa Malaysia. This study is primarily motivated by the issue of the determinants still being inconclusive in the area of capital structure. The study is performed using the static models namely Pool Ordinary Least Square, Fixed Effect and Random Effect Model. Empirical analysis on the determinants reveals that country specific factor which is GDP and sector specific factor which is industry concentration are also significant in influencing the corporate financing decisions in this country along with firm specific factors such as efficiency, bankruptcy risk, profitability, tangibility, liquidity and size of the firm. The findings revealed that results are sensitive to models employed in the study. Nevertheless, the applicability of capital structure theories such as the trade-off theory, agency theory and pecking order theory diverge across sectors in Malaysia. The pecking order theory and agency theory are found to be the dominant theories governing the corporate financing decision in the country as well. It indicates strong evidence of hierarchy practised in firms’ financing decision. The finding on agency theory being dominant justifies the function of short-term debt as a controlling mechanism to mitigate the agency problem arises within firms across sectors. 

Corporate Financing in Anticipation of Credit Rating Changes

2013 ◽  
Author(s):  
Anurag Narayan Banerjee ◽  
Chi-Hsiou Daniel Hung ◽  
Qingrui Meng
Keyword(s):  
Credit Rating ◽  
Corporate Financing ◽  
Rating Changes

Do Friendly Boards Have an Influence on Corporate Financing Policy? Evidence from French-Listed Firms

2016 ◽  
Author(s):  
Cedric Van Appelghem ◽  
VVronique Blum ◽  
Aurelie Sannajust ◽  
Samir Trabelsi
Keyword(s):  
Financing Policy ◽  
Corporate Financing ◽  
Listed Firms
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