Equity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesia

Fianto, Bayu Arie; Gan, Christopher; Hu, Baiding; Roudaki, Jamal

doi:10.1016/j.pacfin.2017.09.010

Cited by 87 publications

(106 citation statements)

References 29 publications

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“…However, Leon and Weill (2018) seem to paint a negative picture whether Islamic finance can widen financial access. Likewise, Islamic microfinance may not benefit the poorest due to collateral requirements in securing microfinancing (Fianto et al, 2018). In other words, access remains an obstacle to the poor.…”

Section: Resultsmentioning

confidence: 99%

“…Apart from the above research on Islamic banking and Islamic stock markets, three articles are devoted to Islamic mutual funds, Islamic microfinance, and financing policy. These are contributed respectively by , Fianto et al (2018), and Zaman et al (2018).…”

Section: Other Islamic Financementioning

confidence: 99%

“…The study by Fianto et al (2018) is interesting in its own way. It examines whether modes of Islamic microfinancing, equity versus debt-based financing, has differential welfare implications on recipients of microfinance (rural households in Indonesia).…”

Section: Other Islamic Financementioning

confidence: 99%

See 2 more Smart Citations

Islamic Banking and Finance: Beyond Comparison and Investment Opportunities

Ibrahim

Ebrahim

2018

Pacific-Basin Finance Journal

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Section: Resultsmentioning

confidence: 99%

Section: Other Islamic Financementioning

confidence: 99%

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Islamic Banking and Finance: Beyond Comparison and Investment Opportunities

Ibrahim

Ebrahim

2018

Pacific-Basin Finance Journal

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“…For example, rather than comparing Islamic bank with conventional banks, Fianto et al . () examine whether modes of Islamic microfinancing and equity versus debt‐based financing have differential welfare implications on recipients in Indonesia. Aligning dividend tax shield to the Islamic financial principle, Zaman et al .…”

Section: Output–expert Judgementmentioning

confidence: 99%

Machine Learning and Expert Judgement: Analyzing Emerging Topics in Accounting and Finance Research in the Asia–Pacific

Cai

Linnenluecke

Marrone

et al. 2019

Abacus

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In this paper, we focus on the question to what extent machine learning (ML) tools can be used to support systematic literature reviews. We apply a ML approach for topic detection to analyze emerging topics in the literature-our context is accounting and finance research in the Asia-Pacific region. To evaluate the robustness of the approach, we compare findings from the automated ML approach with the results from a manual analysis of the literature. The automated approach uses a keyword algorithm detection mechanism whereby the manual analysis uses common techniques for qualitative data analysis, that is, triangulation between researchers (expert judgement). From our paper, we conclude that both methods have strengths and weaknesses. The automated analysis works well for large corpora of text and provides a very standardized and non-biased way of analyzing the literature. However, the human researcher is potentially better equipped to evaluate current issues and future trends in the literature. Overall, the best results might be achieved when a variety of tools are used together.

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“…Pemilihan DER dirasa paling tepat untuk mengukur susunan mo dal korporasi ritel di Indonesia karena me ngukur keseluruhan kewajiban yang harus dibayarkan kepada para kreditur terhadap keseluruhan saham yang beredar di ma syarakat. DER juga dapat digunakan untuk mengukur kemampuan korporasi ritel dalam membayar setiap utangnya dari ekuitas yang dimiliki (Anuar & Chin, 2016;Fianto, Gan, Hu, & Roudaki, 2018).…”

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Manfaat Laba Untuk Menambah Utang Dan Mengurangi Pajak

Hidayah

Rahmawati

2019

jamal

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Manfaat Laba untuk Menambah Utang dan Mengurangi Pajak. Penelitian ini bertujuan menemukan dampak serentak dan parsial pada likuiditas, struktur aset serta laba korporasi atas struktur modal. Regresi linear berganda digunakan sebagai metode terhadap 25 korporasi ritel sejak tahun 2011-2017. Hasil temuan mengindikasikan korporasi ritel cenderung memaksimalkan pemanfaatan pembiayaan internal dari pada laba ditahan. Laba ditahan digunakan untuk membiayai aktivitas operasional serta ekspansi bisnisnya sehingga tingkat utang mengalami penurunan. Namun laba korporasi tidak dimanfaatkan manajemen untuk menarik kreditur baru sehingga pembayaran pajak menjadi lebih tinggi. Oleh sebab itu, manajemen harus memanfaatkan laba untuk menambah utang korporasi sebagai pengurang biaya pajak.

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Equity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesia

Abstract: Compulsory charity for Muslim (if their wealth exceeds the condition (nisab), equal to 85 grams of gold and held for a year (Haul)).

Cited by 87 publications

References 29 publications

Islamic Banking and Finance: Beyond Comparison and Investment Opportunities

Islamic Banking and Finance: Beyond Comparison and Investment Opportunities

Machine Learning and Expert Judgement: Analyzing Emerging Topics in Accounting and Finance Research in the Asia–Pacific

Manfaat Laba Untuk Menambah Utang Dan Mengurangi Pajak

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