How to cite this paper
Khokher, Z & Alhabshi, S. (2019). Determinants of capital structure decisions among publicly listed Islamic banks.Management Science Letters , 9(10), 1577-1598.
Refrences
Admati, A. R. (2014). The Compelling Case for Stronger and More Effective Leverage Regulation in Banking. The Journal of Legal Studies, 43(S2), S35–S61. http://doi.org//10.1086/677557
Admati, A. R., DeMarzo, P. M., Hellwig, M. F., & Pfleiderer, P. (2010). Fallacies , Irrelevant Facts , and Myths in the Discussion of Capital Regulation : Why Bank Equity is Not Expensive. The Rock Center for Corporate Governance at Stanford University Working Paper Series No. Retrieved from http://ssrn.com/abstract=1669704
Ahmed, H. (2009). Financial Crisis : Risks and Lessons for Islamic Finance. ISRA International Journal of Islamic Finance, 1(1), 7–32. Retrieved from http://kantakji.com/media/7513/c47.pdf
Al-Kayed, L., Raihan Syed Mohd Zain, S., & Duasa, J. (2014). The relationship between capital struc-ture and performance of Islamic banks. Journal of Islamic Accounting and Business Research, 5(2), 158-181.
Allen, F., & Carletti, E. (2013). New theories to underpin financial reform. Journal of Financial Stability, 9(2), 242–249.
Allen, F., Carletti, E., & Marquez, R. (2009). Credit market competition and capital regulation. Review of Financial Studies, 24(4), 983–1018.
Atiyet, B. A. (2012). The Pecking Order Theory and the Static Trade Off Theory : Comparison of the Alternative Explanatory Power in French Firms. Journal of Business Studies Quaterly, 4(1), 1–14.
Baker, M., & Wurgler, J. (2013). Do strict capital requirements raise the cost of capital? Banking regulation and the low risk anomaly. American Economic Review, 105(5), 315–320.
BCBS. (2010). Basel III. Basel III: A global regulatory framework for more resilient banks and banking systems (Vol. 2010). Retrieved from http://www.bis.org/publ/bcbs189.pdf
Bitar, M., Kabir Hassan, M., & Hippler, W. J. (2018). The determinants of Islamic bank capital decisions. Emerging Markets Review, 35, 48–68.
Dagher, J., Dell’Ariccia, G., Laeven, L., Ratnovski, L., & Tong, H. (2016). Benefits and Costs of Bank Capital. IMF Working Paper, (March), 1–38.
DeAngelo, H., & Stulz, R. M. (2013). Why High Leverage is Optimal for Banks. SSRN Electronic Journal, (May). http://doi.org/10.2139/ssrn.2254998
Diamond, D., & Rajan, R. (2000). A theory of bank capital, Journal of Finance, LV(6), 2431–2465.
Donaldson, G. (1961). Corporate Debt Capacity: A Study of Corporate Debt Policy and the Determination of Corporate Debt Capacity. Division of Research, Graduate School of Business Administration, Harvard University.
Donaldson, G. (1962). New Framework for Corporate Debt Policy. Harvard Business Review.
Frank, M. Z., & Goyal, V. K. (2009). Capital Structure Decisions : Which Factors Are Reliably Important ? Financial Management, 38(1), 1–37.
Gropp, R., & Heider, F. (2009). THE DETERMINANTS OF BANK CAPITAL STRUCTURE (ECB Working Paper Series). ECB Working Paper Series. Frankfurt am Main.
Gropp, R., & Heider, F. (2010). The determinants of bank capital structure. Review of Finance, 14(4), 587–622. http://doi.org/10.1093/rof/rfp030
Hamza, H. (2016). Does investment deposit return in Islamic banks reflect PLS principle? Borsa Istanbul Review, 16(1), 32–42.
Hamza, H., & Saadaoui, Z. (2013). Investment Deposits , Risk-Taking and Capital Decisions in Islamic Banks. Studies in Economics and Finance, 30(3), 244–265.
Hamzah, A. A., Ruzaiman, F. S., & Gazali, H. M. (2014). Islamic Investment Deposit Account Through Mudarabah & Commodity Murabahah Contract: An Overview. In Persidangan Kebangsaan Ekonomi Malaysia ke-9 (PERKEM) (Vol. 9, pp. 28–33). Kuala Terengganu.
Harris, M., & Raviv, A. (1991). The Theory of Capital Structure. The Journal of Finance, 46(1), 297–355.
Hoenig, T. M. (2013). Basel III Capital: A Well-Intended Illusion. In International Association of Deposit Insurers Research Conference (p. 12). Basel: Federal Deposit Insurance Corporation.
IFSB. (2010). IFSB GN-2- Commodity Murabahah Transactions in Connection With Risk Management and Capital Adequacy Standards.
IFSB. Revised Capital Adequacy Standard (IFSB-15), IFSB 156 (2013).
IFSB. (2015). Islamic Financial Services Industry Stability Report 2015. Kaula Lumpur: Islamic Financial Services Board.
International Monetary Fund. (2018). The Core Principles for Islamic Finance Regulations and Assessment Methodology (IMF Policy Paper Series). Staff Report (Vol. 18/193).
Islamic Financial Services board. (2008). Islamic Financial Services Industry Stability Report 2018. Kuala Lumpur.
Izhar, H., & Asutay, M. (2007). Estimating the Profitability of Islamic Banking : Evidence from Bank Muamalat Indonesia. Review of Islamic Economics, 11(2), 17–29.
Kalemli-ozcan, S., Sorensen, B., & Yesiltas, S. (2012). Leverage across firms, banks and countries. Journal of International Economics, 88(2), 284–298.
Kamada, K., & Nasu, K. (2010). How Can Leverage Regulations Work for the Stabilization of Financial Systems? (Bank of Japan Working Paper Series How No. 10- E-2). Bank of Japan Working Paper Series. Tokyo. Retrieved from http://www.ssrn.com/abstract=1921201
Kellermann, K., & Schlag, C.-H. (2013). Occupy risk weighting: how the minimum leverage ratio dominates capital requirements: A Swiss example. Journal of Financial Regulation and Compliance, 21(4), 353–372.
Kraus, A., & Robert H. Litzenberger. (1973). A State-Preference Model of Optimal Financial Leverage. American Finance Association, 28(4), 911–922.
Miglo, A. (2010). The Pecking Order, Trade-Off, Signaling, and Market-Timing Theories of Capital Structure: A Review. SSRN Electronic Journal, (203). http://doi.org/10.2139/ssrn.1629304
Miles, D., Yang, J., & Marcheggiano, G. (2013). Optimal Bank Capital. The Economic Journal, 123(567), 1–37.
Modigliani, F., & Miller, M. H. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(3), 261–297.
Modigliani, F., & Miller, M. H. (1963). Corporate Income Taxes and the Cost of Capital: A Correction. The American Economic Review, 53(3), 433–443.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of financial economics, 5(2), 147-175.
Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187–221.
Najeeb, S. F., & Mustafa, M. M. (2016). Strengthening the Financial Safety Net: The Role of Shariah-Compliant Deposit Insurance Schemes (IFSB Working Paper Series No. WP-06/03/2). IFSB Working Paper Series. Kaula Lumpur. Retrieved from http://www.ifsb.org/docs/2016-03-31 Working Paper on SCDIS (WP-06)(Final).pdf
Nigeria, C. B. of. Framework for Regulation and Supervision of Domestic Systemically Important Banks (2014). Retrieved from https://www.cbn.gov.ng/out/2014/bsd/approved sib supervisory framework .pdf
O’Brien, R. M. (2007). A caution regarding rules of thumb for variance inflation factors. Quality and Quantity, 41(5), 673–690. http://doi.org/10.1007/s11135-006-9018-6
Pratomo, W. A., & Ismail, A. G. (2007). ISLAMIC BANK PERFORMANCE AND CAPITAL STRUCTURE. Munich Personal RePEc Archive, (6012). Retrieved from http://mpra.ub.uni-muenchen.de/6012/
Rajan, R. G., & Zingales, L. (1995). What Do We Know About Capital Structure - Some Evidence From International Data. Journal of Finance, 50(5), 1421–1460. http://doi.org/10.2307/2329322
Sairally, B. S., Muhammad, M., & Mustafa, M. M. (2015). STRUCTURING INNOVATIVE TIER 2 (T2) CAPITAL INSTRUMENTS UNDER BASEL III: A SHARĪʿAH PERSPECTIVE. ISRA International Journal of Islamic Finance, 7(2), 163–190.
Shah, M. A. R., Rashid, A., & M. Khaleequzzaman. (2017). Capital Structure Decisions in Islamic Banking: Empirical Evidence from Pakistan. Journal of Islamic Banking and Finance, 34(June), 88–103.
Sheikh, N. A., & Qureshi, M. A. (2017). Determinants of capital structure of Islamic and conventional commercial banks: Evidence from Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 10(1), 24–41.
Shin, H. S. (2011). Macroprudential policies beyond Basel III. In Macroprudential regulation and policy (Vol. 60, pp. 5–15). Bank for International Settlements.
Shleifer, A., & Vishny, R. W. (2010). Unstable banking. Journal of Financial Economics, 97(3), 306–318.
Sorokina, N. Y. (2014). Bank Capital and Theory of Capital Structure. Kent State University, Ohio, USA. Retrieved from https://etd.ohiolink.edu/pg_10?0::NO:10:P10_ACCESSION_NUM:kent1402795531
Thabet, O. Bin, Shawtari, F. A., Ayedh, A. M., & Ali, F. (2017). Capital Structure of Malaysian Sharīʿah-Compliant Firms. JKAU: Islamic Economics, 30(1), 105–116.
Titman, S. and Wessels, R. (1988). The determinants of capital structure choice. The Journal of Finance, 43(1), 1–19.
Admati, A. R., DeMarzo, P. M., Hellwig, M. F., & Pfleiderer, P. (2010). Fallacies , Irrelevant Facts , and Myths in the Discussion of Capital Regulation : Why Bank Equity is Not Expensive. The Rock Center for Corporate Governance at Stanford University Working Paper Series No. Retrieved from http://ssrn.com/abstract=1669704
Ahmed, H. (2009). Financial Crisis : Risks and Lessons for Islamic Finance. ISRA International Journal of Islamic Finance, 1(1), 7–32. Retrieved from http://kantakji.com/media/7513/c47.pdf
Al-Kayed, L., Raihan Syed Mohd Zain, S., & Duasa, J. (2014). The relationship between capital struc-ture and performance of Islamic banks. Journal of Islamic Accounting and Business Research, 5(2), 158-181.
Allen, F., & Carletti, E. (2013). New theories to underpin financial reform. Journal of Financial Stability, 9(2), 242–249.
Allen, F., Carletti, E., & Marquez, R. (2009). Credit market competition and capital regulation. Review of Financial Studies, 24(4), 983–1018.
Atiyet, B. A. (2012). The Pecking Order Theory and the Static Trade Off Theory : Comparison of the Alternative Explanatory Power in French Firms. Journal of Business Studies Quaterly, 4(1), 1–14.
Baker, M., & Wurgler, J. (2013). Do strict capital requirements raise the cost of capital? Banking regulation and the low risk anomaly. American Economic Review, 105(5), 315–320.
BCBS. (2010). Basel III. Basel III: A global regulatory framework for more resilient banks and banking systems (Vol. 2010). Retrieved from http://www.bis.org/publ/bcbs189.pdf
Bitar, M., Kabir Hassan, M., & Hippler, W. J. (2018). The determinants of Islamic bank capital decisions. Emerging Markets Review, 35, 48–68.
Dagher, J., Dell’Ariccia, G., Laeven, L., Ratnovski, L., & Tong, H. (2016). Benefits and Costs of Bank Capital. IMF Working Paper, (March), 1–38.
DeAngelo, H., & Stulz, R. M. (2013). Why High Leverage is Optimal for Banks. SSRN Electronic Journal, (May). http://doi.org/10.2139/ssrn.2254998
Diamond, D., & Rajan, R. (2000). A theory of bank capital, Journal of Finance, LV(6), 2431–2465.
Donaldson, G. (1961). Corporate Debt Capacity: A Study of Corporate Debt Policy and the Determination of Corporate Debt Capacity. Division of Research, Graduate School of Business Administration, Harvard University.
Donaldson, G. (1962). New Framework for Corporate Debt Policy. Harvard Business Review.
Frank, M. Z., & Goyal, V. K. (2009). Capital Structure Decisions : Which Factors Are Reliably Important ? Financial Management, 38(1), 1–37.
Gropp, R., & Heider, F. (2009). THE DETERMINANTS OF BANK CAPITAL STRUCTURE (ECB Working Paper Series). ECB Working Paper Series. Frankfurt am Main.
Gropp, R., & Heider, F. (2010). The determinants of bank capital structure. Review of Finance, 14(4), 587–622. http://doi.org/10.1093/rof/rfp030
Hamza, H. (2016). Does investment deposit return in Islamic banks reflect PLS principle? Borsa Istanbul Review, 16(1), 32–42.
Hamza, H., & Saadaoui, Z. (2013). Investment Deposits , Risk-Taking and Capital Decisions in Islamic Banks. Studies in Economics and Finance, 30(3), 244–265.
Hamzah, A. A., Ruzaiman, F. S., & Gazali, H. M. (2014). Islamic Investment Deposit Account Through Mudarabah & Commodity Murabahah Contract: An Overview. In Persidangan Kebangsaan Ekonomi Malaysia ke-9 (PERKEM) (Vol. 9, pp. 28–33). Kuala Terengganu.
Harris, M., & Raviv, A. (1991). The Theory of Capital Structure. The Journal of Finance, 46(1), 297–355.
Hoenig, T. M. (2013). Basel III Capital: A Well-Intended Illusion. In International Association of Deposit Insurers Research Conference (p. 12). Basel: Federal Deposit Insurance Corporation.
IFSB. (2010). IFSB GN-2- Commodity Murabahah Transactions in Connection With Risk Management and Capital Adequacy Standards.
IFSB. Revised Capital Adequacy Standard (IFSB-15), IFSB 156 (2013).
IFSB. (2015). Islamic Financial Services Industry Stability Report 2015. Kaula Lumpur: Islamic Financial Services Board.
International Monetary Fund. (2018). The Core Principles for Islamic Finance Regulations and Assessment Methodology (IMF Policy Paper Series). Staff Report (Vol. 18/193).
Islamic Financial Services board. (2008). Islamic Financial Services Industry Stability Report 2018. Kuala Lumpur.
Izhar, H., & Asutay, M. (2007). Estimating the Profitability of Islamic Banking : Evidence from Bank Muamalat Indonesia. Review of Islamic Economics, 11(2), 17–29.
Kalemli-ozcan, S., Sorensen, B., & Yesiltas, S. (2012). Leverage across firms, banks and countries. Journal of International Economics, 88(2), 284–298.
Kamada, K., & Nasu, K. (2010). How Can Leverage Regulations Work for the Stabilization of Financial Systems? (Bank of Japan Working Paper Series How No. 10- E-2). Bank of Japan Working Paper Series. Tokyo. Retrieved from http://www.ssrn.com/abstract=1921201
Kellermann, K., & Schlag, C.-H. (2013). Occupy risk weighting: how the minimum leverage ratio dominates capital requirements: A Swiss example. Journal of Financial Regulation and Compliance, 21(4), 353–372.
Kraus, A., & Robert H. Litzenberger. (1973). A State-Preference Model of Optimal Financial Leverage. American Finance Association, 28(4), 911–922.
Miglo, A. (2010). The Pecking Order, Trade-Off, Signaling, and Market-Timing Theories of Capital Structure: A Review. SSRN Electronic Journal, (203). http://doi.org/10.2139/ssrn.1629304
Miles, D., Yang, J., & Marcheggiano, G. (2013). Optimal Bank Capital. The Economic Journal, 123(567), 1–37.
Modigliani, F., & Miller, M. H. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(3), 261–297.
Modigliani, F., & Miller, M. H. (1963). Corporate Income Taxes and the Cost of Capital: A Correction. The American Economic Review, 53(3), 433–443.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of financial economics, 5(2), 147-175.
Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187–221.
Najeeb, S. F., & Mustafa, M. M. (2016). Strengthening the Financial Safety Net: The Role of Shariah-Compliant Deposit Insurance Schemes (IFSB Working Paper Series No. WP-06/03/2). IFSB Working Paper Series. Kaula Lumpur. Retrieved from http://www.ifsb.org/docs/2016-03-31 Working Paper on SCDIS (WP-06)(Final).pdf
Nigeria, C. B. of. Framework for Regulation and Supervision of Domestic Systemically Important Banks (2014). Retrieved from https://www.cbn.gov.ng/out/2014/bsd/approved sib supervisory framework .pdf
O’Brien, R. M. (2007). A caution regarding rules of thumb for variance inflation factors. Quality and Quantity, 41(5), 673–690. http://doi.org/10.1007/s11135-006-9018-6
Pratomo, W. A., & Ismail, A. G. (2007). ISLAMIC BANK PERFORMANCE AND CAPITAL STRUCTURE. Munich Personal RePEc Archive, (6012). Retrieved from http://mpra.ub.uni-muenchen.de/6012/
Rajan, R. G., & Zingales, L. (1995). What Do We Know About Capital Structure - Some Evidence From International Data. Journal of Finance, 50(5), 1421–1460. http://doi.org/10.2307/2329322
Sairally, B. S., Muhammad, M., & Mustafa, M. M. (2015). STRUCTURING INNOVATIVE TIER 2 (T2) CAPITAL INSTRUMENTS UNDER BASEL III: A SHARĪʿAH PERSPECTIVE. ISRA International Journal of Islamic Finance, 7(2), 163–190.
Shah, M. A. R., Rashid, A., & M. Khaleequzzaman. (2017). Capital Structure Decisions in Islamic Banking: Empirical Evidence from Pakistan. Journal of Islamic Banking and Finance, 34(June), 88–103.
Sheikh, N. A., & Qureshi, M. A. (2017). Determinants of capital structure of Islamic and conventional commercial banks: Evidence from Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 10(1), 24–41.
Shin, H. S. (2011). Macroprudential policies beyond Basel III. In Macroprudential regulation and policy (Vol. 60, pp. 5–15). Bank for International Settlements.
Shleifer, A., & Vishny, R. W. (2010). Unstable banking. Journal of Financial Economics, 97(3), 306–318.
Sorokina, N. Y. (2014). Bank Capital and Theory of Capital Structure. Kent State University, Ohio, USA. Retrieved from https://etd.ohiolink.edu/pg_10?0::NO:10:P10_ACCESSION_NUM:kent1402795531
Thabet, O. Bin, Shawtari, F. A., Ayedh, A. M., & Ali, F. (2017). Capital Structure of Malaysian Sharīʿah-Compliant Firms. JKAU: Islamic Economics, 30(1), 105–116.
Titman, S. and Wessels, R. (1988). The determinants of capital structure choice. The Journal of Finance, 43(1), 1–19.