The purpose of this paper is to examine whether or not the basic premises according to the pecking order theory provide an explanation for the capital structure mix of firms operating under Islamic principles. Pooled OLS and random effect regressions were performed to test the pecking order...

Purpose: This paper aims to examine the mediating effect of dividend payout on the relationship between internal governance mechanisms (board of directors and ownership structure) and the free cash flow level. Design/methodology/approach: Linear regression models are used to investigate such...

Purpose: The purpose of this paper is to examine whether the sensitivity of investment to cash flow varies with exogenous financial conditions. Design/methodology/approach: A dynamic model of investment based on the Euler equation approach is employed to investigate the impact of...

Purpose: This paper aims to explore how Sharia principles could impact capital structure determinants and speed of adjustment of Islamic banks (IBs) compared to conventional banks (CBs) in the Gulf Cooperation Council countries (GCC). Design/methodology/approach: This study applies the...

Purpose: The purpose of this paper is to investigate how Islamic banks (IBs) and conventional banks (CBs) in Malaysia choose their capital structure and what are the most significant factors that affect their decisions regarding their capital structure. Design/methodology/approach: This study...

Purpose: This study aims to examine the mediating effect of board independence on the relationship between ownership structure and audit quality. Design/methodology/approach: The research uses generalized methods of moments regression to test the relationship between ownership structure and...

The purpose of this paper is to examine whether or not the basic premises according to the pecking order theory provide an explanation for the capital structure mix of firms operating under Islamic principles. Pooled OLS and random effect regressions were performed to test the pecking order...