EconPapers    
Economics at your fingertips  
 

Ownership and control in a double decision framework for raising capital

Mohsin Khawaja, Muhammad Bhatti () and Dawood Ashraf

Emerging Markets Review, 2019, vol. 41, issue C

Abstract: •Shareholders control motives affect the choice of instrument raising funds.•Issuers' choice of instruments for raising fund is modeled using simultaneous eqn.•Higher ownership implies more debt financing as per ownership control hypothesis.•Control at the top level in the form of CEO-duality favor more debt financing.•Sukuk issuance relate to higher tangibility highlighting their risk-sharing feature.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1566014119301505
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:41:y:2019:i:c:s1566014119301505

DOI: 10.1016/j.ememar.2019.100657

Access Statistics for this article

Emerging Markets Review is currently edited by Jonathan A. Batten

More articles in Emerging Markets Review from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-07-10
Handle: RePEc:eee:ememar:v:41:y:2019:i:c:s1566014119301505