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dc.contributor.authorFianto, Bayuen
dc.contributor.authorGan, Christopheren
dc.contributor.authorHu, Baidingen
dc.contributor.authorRoudaki, Jamalen
dc.date.accessioned2018-03-06T23:56:34Z
dc.date.available2018-11-14T11:30:25Z
dc.date.issued2017-09-23en
dc.date.submitted2017-09-20en
dc.identifier.citationFianto, B.A., Gan, C., Hu, B., & Roudaki, J. (2017). Equity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesia. Pacific-Basin Finance Journal. doi:10.1016/j.pacfin.2017.09.010en
dc.identifier.issn0927-538Xen
dc.identifier.urihttps://hdl.handle.net/10182/9137
dc.description.abstractThis paper investigates the impact of Islamic microfinance on rural households' welfare in Indonesia. Using a survey questionnaire, this study explores two group of financing in Islamic microfinance, equity and debt-based financing. A two-year panel dataset and a double difference-in-difference approach are used to examine the impact of the two Islamic microfinance groups on rural household in Indonesia. The study also evaluates shari'a compliance based on the national shari'a board of Indonesia. The study results indicate that both financing groups exhibit a positive and significant impact on rural households' income, but equity financing performed better than debt-based financing. Moreover, the shari'a compliance evaluation indicates that clients received financing that is comparable with the national shari'a board of Indonesia.en
dc.format.extent10en
dc.language.isoenen
dc.publisherElsevier BVen
dc.relationThe original publication is available from - Elsevier BV - https://doi.org/10.1016/j.pacfin.2017.09.010en
dc.relation.urihttps://doi.org/10.1016/j.pacfin.2017.09.010en
dc.rights© 2017 Elsevier B.V. All rights reserved.en
dc.subjectequity financingen
dc.subjectdebt-based financingen
dc.subjectdifference-in-differenceen
dc.subjectshari'a complianceen
dc.subjectIslamic microfinanceen
dc.subjectIndonesiaen
dc.subjectFinanceen
dc.titleEquity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesiaen
dc.typeJournal Article
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Financial and Business Systemsen
lu.contributor.unitDepartment of Global Value Chains and Tradeen
lu.contributor.unitResearch Management Officeen
lu.contributor.unit/LU/Research Management Office/2018 PBRF Staff groupen
dc.identifier.doi10.1016/j.pacfin.2017.09.010en
dc.subject.anzsrc140210 International Economics and International Financeen
dc.subject.anzsrc150203 Financial Institutions (Incl. Banking)en
dc.subject.anzsrc150205 Investment and Risk Managementen
dc.subject.anzsrc1502 Banking, Finance And Investmenten
dc.subject.anzsrc1501 Accounting, Auditing And Accountabilityen
dc.relation.isPartOfPacific-Basin Finance Journalen
pubs.notesIn Press, corrected proofen
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/FABS
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/GVCT
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/2018 PBRF Staff group
pubs.publication-statusPublished onlineen
lu.identifier.orcid0000-0002-5618-1651
lu.identifier.orcid0000-0002-0991-1375
lu.identifier.orcid0000-0002-2886-7349


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