Matches in SemOpenAlex for { <https://semopenalex.org/work/W3127381355> ?p ?o ?g. }
- W3127381355 endingPage "1871" @default.
- W3127381355 startingPage "1854" @default.
- W3127381355 abstract "Purpose The purpose of this paper is to examine whether and how Islamic banks' financing affects corporate investment efficiency. Design/methodology/approach To achieve the research purpose, an empirical model was constructed to describe the relationship between Islamic banks' financing and corporate investment efficiency. The empirical model was tested through generalized method of moments (GMM) estimation technique using a panel data of 163 Malaysian listed firms for the period 2007–2017. Findings This study provides evidence that Islamic banks' financing plays an important role in enhancing investment efficiency and that this positive effect comes mainly from non-PLS contracts. Moreover, the results show that the effect of Islamic banks' financing in preventing suboptimal investments is stronger in the financial crisis period. The results also reveal that the contribution of Islamic banks' financing in reducing suboptimal investments is more prominent when firms face over-investment problems. Research limitations/implications This research contributes to the debate on the financial implications of Islamic banks' financing modes by exploring their effect on corporate investment efficiency. Practical implications From a managerial perspective, the research findings are beneficial to Islamic bank managers to the extent that they highlight the role of Islamic financial contracts in improving corporate investment efficiency. In addition, the lower effect of PLS contracts on investment efficiency implies that policymakers in Malaysia should multiply their efforts to further expand the PLS financing. Originality/value This paper offers some insights on the role of Islamic banks' financing in mitigating agency conflicts and reducing asymmetric information problems. It is the first attempt focusing on the role of Islamic financing in fostering corporate investment decisions." @default.
- W3127381355 created "2021-02-15" @default.
- W3127381355 creator A5007250962 @default.
- W3127381355 creator A5067060351 @default.
- W3127381355 date "2021-02-11" @default.
- W3127381355 modified "2023-10-18" @default.
- W3127381355 title "Islamic banking and corporate investment efficiency: empirical evidence from Malaysia" @default.
- W3127381355 cites W1480859200 @default.
- W3127381355 cites W2000578291 @default.
- W3127381355 cites W2064102527 @default.
- W3127381355 cites W2089172772 @default.
- W3127381355 cites W2129123189 @default.
- W3127381355 cites W2140964565 @default.
- W3127381355 cites W2152438413 @default.
- W3127381355 cites W2196685453 @default.
- W3127381355 cites W2604609670 @default.
- W3127381355 cites W2804165035 @default.
- W3127381355 cites W2975717588 @default.
- W3127381355 cites W3013812976 @default.
- W3127381355 cites W3124087472 @default.
- W3127381355 cites W3124114405 @default.
- W3127381355 cites W3125293776 @default.
- W3127381355 cites W4231457160 @default.
- W3127381355 doi "https://doi.org/10.1108/ijppm-06-2020-0331" @default.
- W3127381355 hasPublicationYear "2021" @default.
- W3127381355 type Work @default.
- W3127381355 sameAs 3127381355 @default.
- W3127381355 citedByCount "5" @default.
- W3127381355 countsByYear W31273813552022 @default.
- W3127381355 countsByYear W31273813552023 @default.
- W3127381355 crossrefType "journal-article" @default.
- W3127381355 hasAuthorship W3127381355A5007250962 @default.
- W3127381355 hasAuthorship W3127381355A5067060351 @default.
- W3127381355 hasConcept C10138342 @default.
- W3127381355 hasConcept C108170787 @default.
- W3127381355 hasConcept C111472728 @default.
- W3127381355 hasConcept C120936955 @default.
- W3127381355 hasConcept C121955636 @default.
- W3127381355 hasConcept C138885662 @default.
- W3127381355 hasConcept C144024400 @default.
- W3127381355 hasConcept C144133560 @default.
- W3127381355 hasConcept C149782125 @default.
- W3127381355 hasConcept C162324750 @default.
- W3127381355 hasConcept C162748667 @default.
- W3127381355 hasConcept C162853370 @default.
- W3127381355 hasConcept C166052673 @default.
- W3127381355 hasConcept C17744445 @default.
- W3127381355 hasConcept C190248442 @default.
- W3127381355 hasConcept C199539241 @default.
- W3127381355 hasConcept C200707436 @default.
- W3127381355 hasConcept C27206212 @default.
- W3127381355 hasConcept C27548731 @default.
- W3127381355 hasConcept C2776950860 @default.
- W3127381355 hasConcept C2778964270 @default.
- W3127381355 hasConcept C36289849 @default.
- W3127381355 hasConcept C39389867 @default.
- W3127381355 hasConcept C4445939 @default.
- W3127381355 hasConcept C6422946 @default.
- W3127381355 hasConcept C94625758 @default.
- W3127381355 hasConceptScore W3127381355C10138342 @default.
- W3127381355 hasConceptScore W3127381355C108170787 @default.
- W3127381355 hasConceptScore W3127381355C111472728 @default.
- W3127381355 hasConceptScore W3127381355C120936955 @default.
- W3127381355 hasConceptScore W3127381355C121955636 @default.
- W3127381355 hasConceptScore W3127381355C138885662 @default.
- W3127381355 hasConceptScore W3127381355C144024400 @default.
- W3127381355 hasConceptScore W3127381355C144133560 @default.
- W3127381355 hasConceptScore W3127381355C149782125 @default.
- W3127381355 hasConceptScore W3127381355C162324750 @default.
- W3127381355 hasConceptScore W3127381355C162748667 @default.
- W3127381355 hasConceptScore W3127381355C162853370 @default.
- W3127381355 hasConceptScore W3127381355C166052673 @default.
- W3127381355 hasConceptScore W3127381355C17744445 @default.
- W3127381355 hasConceptScore W3127381355C190248442 @default.
- W3127381355 hasConceptScore W3127381355C199539241 @default.
- W3127381355 hasConceptScore W3127381355C200707436 @default.
- W3127381355 hasConceptScore W3127381355C27206212 @default.
- W3127381355 hasConceptScore W3127381355C27548731 @default.
- W3127381355 hasConceptScore W3127381355C2776950860 @default.
- W3127381355 hasConceptScore W3127381355C2778964270 @default.
- W3127381355 hasConceptScore W3127381355C36289849 @default.
- W3127381355 hasConceptScore W3127381355C39389867 @default.
- W3127381355 hasConceptScore W3127381355C4445939 @default.
- W3127381355 hasConceptScore W3127381355C6422946 @default.
- W3127381355 hasConceptScore W3127381355C94625758 @default.
- W3127381355 hasIssue "5" @default.
- W3127381355 hasLocation W31273813551 @default.
- W3127381355 hasOpenAccess W3127381355 @default.
- W3127381355 hasPrimaryLocation W31273813551 @default.
- W3127381355 hasRelatedWork W1597773442 @default.
- W3127381355 hasRelatedWork W1988005249 @default.
- W3127381355 hasRelatedWork W2360786904 @default.
- W3127381355 hasRelatedWork W2370857480 @default.
- W3127381355 hasRelatedWork W2585214592 @default.
- W3127381355 hasRelatedWork W2896937956 @default.
- W3127381355 hasRelatedWork W3042805147 @default.
- W3127381355 hasRelatedWork W3122003433 @default.
- W3127381355 hasRelatedWork W3152548757 @default.