The Effect of Variability and Volatility of BIR on Financing Decision

2020 ◽  
Vol 18 (2) ◽  
pp. 3-47
Author(s):  
Rae Soo Park
Keyword(s):  
Financing Decision

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. 

scholarly journals CASH FLOW, DEBT ISSUANCE, EQUITY ISSUANCE, AND FIXED ASSET INVESTMENT ON MANUFACTURE COMPANY 2010-2014CASH FLOW, DEBT ISSUANCE, EQUITY ISSUANCE, AND FIXED ASSET INVESTMENT ON MANUFACTURE COMPANY 2010-2014

2020 ◽  
Vol 4 (1) ◽  
pp. 11-21
Author(s):  
Ritma Palupi
Keyword(s):  
Cash Flow ◽  
Equity Issuance ◽  
Pecking Order ◽  
Fixed Asset ◽  
Financing Decision ◽  
Manufacturing Company ◽  
Debt Issuance ◽  
Manufacture Company ◽  
Internal Fund ◽  
Fixed Asset Investment

Matters about financing decision based on pecking order theory’s hierarchy are currently appealing. This research strives to discover how corporate’s fixed asset investment reacts to cash flow, debt issuance, and equity issuance. Researcher uses 75 samples of manufacturing company in Indonesia during 2010-2014 period with 199 firm-year observation. Multiple linear regression’s result indicates that cash flow and debt issuance have influence towards corporate’s fixed asset investment, but the equity issuance have no influence towards corporate’s fixed asset investment. Also regression coefficient exhibits that manufacturing company in Indonesia follows pecking order theory’s hierarchy.  Cash flow’s influence towards fixed asset investment is more significant than debt issuance’s, and debt issuance’s influence is stronger than equity issuance. This points out that corporate’s fixed asset investment is more sensitive towards cash flow (internal fund) compared to debt issuance (external fund), and so is debt issuance is more sensitive compared to equity issuance. With all that in mind, it is concluded that manufacturing company in Indonesia follows pecking order theory in terms of financing decision, which uses internal fund at first then started to use external fund if deemed necessary. 

The Governance of International Organisations

2020 ◽  
pp. 203-229
Author(s):  
Cecilia Cannon ◽  
Thomas Biersteker
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Humanitarian Assistance ◽  
International Organisations ◽  
Financing Decision ◽  
Peace And Security ◽  
Governance Challenges ◽  
Executive Boards ◽  
Global Economic Governance ◽  
Regional Representativeness

International organisations (IOs) are central players in the architecture of global governance—from international peace and security to global economic governance, humanitarian assistance, and sustainable development. They draw on their expertise and the legitimacy they derive from their global or regional representativeness to facilitate international cooperation to address collective challenges. In this chapter, we examine the means and mechanisms through which IOs are governed. We begin with an introduction to IOs, focusing on the three foundational bodies that constitute the governance components of most IOs: member states, secretariats, and executive boards. We examine oversight and accountability mechanisms and consider four governance design features that vary across IOs: their mandate, financing, decision-making, and engagement with non-state actors. Finally, we reflect on some of the contemporary governance challenges IOs face today and describe different ways they are adapting and reforming to address some of the challenges.

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