Ibrahim, Ali Herman and Daihani, Dadan Umar and Mariyanti, Tatik and Siahaan, Uke Marius (2019) The effect of sukuk financing and capital structure on financial performance and corporate value: A study of sukuk issuer listed in Indonesian stock exchange. International Journal of Islamic Business (IJIB), 4 (2). pp. 38-50. ISSN 0127- 662X

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Abstract

This research aims to understand what factors will actually affect the corporate to increased profitability and corporate value, especially for the corporate which issuing syariah bonds or sukuk. In particular, the influence of Sukuk bonds funding integrated with the capital structure to the corporate financial performance and value. This research used panel data that processed by Partial Least Square (PLS) method to see the influence of Sukuk funding and capital structure on liquidity, financial performance, and corporate value. Based on this research, it found that there are significant and negative influences of Sukuk funding, to the corporate value, which leads to the conclusion that especially for investors in Indonesia, has a negative opinion and avoided investing in sukuk issuer, which is most likely due to the investor avoiding Negative impact on the corporate dividend distribution. The results of this research are expected to give a new point of view about sukuk funding in Indonesia especially for academics, investors, and government. Practically, the result of this research show that corporate need to make different action and decision between sukuk bonds and conventional financing.

Item Type:	Article
Uncontrolled Keywords:	Sukuk funding, capital structure, financial performance, liquidity, corporate value, PLS
Subjects:	H Social Sciences > HG Finance
Divisions:	Islamic Business School
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	21 Nov 2022 07:38
Last Modified:	21 Nov 2022 07:38
URI:	https://repo.uum.edu.my/id/eprint/28975

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