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

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Show simple item record Fianto, Bayu en Gan, Christopher en Hu, Baiding en Roudaki, Jamal en 2018-03-06T23:56:34Z 2017-09-23 en 2017-09-23 en 2017-09-20 en
dc.identifier.citation Fianto, 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.2017.09.010 en
dc.identifier.issn 0927-538X en
dc.description.abstract This 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.extent 10 en
dc.language.iso en en
dc.publisher Elsevier BV en
dc.relation The original publication is available from - Elsevier BV - en
dc.relation.uri en
dc.rights © 2017 Elsevier B.V. All rights reserved. en
dc.subject equity financing en
dc.subject debt-based financing en
dc.subject difference-in-difference en
dc.subject shari'a compliance en
dc.subject Islamic microfinance en
dc.subject Indonesia en
dc.title Equity financing and debt-based financing: Evidence from Islamic microfinance institutions in Indonesia en
dc.type Journal Article
lu.contributor.unit Lincoln University en
lu.contributor.unit Faculty of Agribusiness and Commerce en
lu.contributor.unit Department of Financial and Business Systems en
lu.contributor.unit Department of Global Value Chains and Trade en
lu.contributor.unit Research Management Office en
lu.contributor.unit /LU/Research Management Office/2018 PBRF Staff group en
dc.identifier.doi en
dc.subject.anzsrc 140210 International Economics and International Finance en
dc.subject.anzsrc 150203 Financial Institutions (Incl. Banking) en
dc.subject.anzsrc 150205 Investment and Risk Management en
dc.relation.isPartOf Pacific-Basin Finance Journal en
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-status Published online en
lu.identifier.orcid 0000-0002-5618-1651
lu.identifier.orcid 0000-0002-0991-1375
lu.identifier.orcid 0000-0002-2886-7349

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