@article{Haron_2018, title={OWNERSHIP STRUCTURE OF FAMILY-OWNED FIRMS AND DEBT FINANCING. EVIDENCE ON SHARI’AH-COMPLIANT FIRMS IN MALAYSIA}, url={https://journals.iium.edu.my/shajarah/index.php/shaj/article/view/613}, DOI={10.31436/shajarah.v0i0.613}, abstractNote={<p>This study examines the impact of ownership structure on the debt<br>financing of 556 Shari’ah compliant firms in Malaysia from<br>2000-2015. This study reveals that the nature of family-owned firms<br>does have great influence in the debt financing decisions and being<br>closely guided by the Shari’ah principles with the restriction imposed<br>on the debt consumption level allowed seem to have significant effect<br>on the debt financing of Shari’ah-compliant firms understudy as well.<br>Fear of the dilution of controlling power over the firms for these<br>family owned and the characteristics of Shari’ah-compliant being<br>governed by certain Shari’ah regulation have significant influence on<br>debt consumption in the capital structure. Certain significant<br>determinants seem to enhance the unique nature of these firms<br>regarding the debt financing decision. This study contributes to the<br>literature by providing insights of the factors affecting the debt<br>financing of family owned, Shari’ah-compliant firms in Malaysia.</p>}, journal={Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC)}, author={Haron, Razali}, year={2018}, month={Mar.}, pages={139–163} }