Jump to ContentJump to Main Navigation
Islamic Perspectives on Wealth Creation$
Users without a subscription are not able to see the full content.

Munawar Iqbal and Rodney Wilson

Print publication date: 2005

Print ISBN-13: 9780748621002

Published to Edinburgh Scholarship Online: March 2012

DOI: 10.3366/edinburgh/9780748621002.001.0001

Show Summary Details
Page of

PRINTED FROM EDINBURGH SCHOLARSHIP ONLINE (www.edinburgh.universitypressscholarship.com). (c) Copyright Edinburgh University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in ESO for personal use.date: 28 May 2020

The Demand for Mushārakah in Urban Egypt by Small Business as a Test of the Pecking Order Hypothesis

The Demand for Mushārakah in Urban Egypt by Small Business as a Test of the Pecking Order Hypothesis

Chapter:
(p.217) 13 The Demand for Mushārakah in Urban Egypt by Small Business as a Test of the Pecking Order Hypothesis
Source:
Islamic Perspectives on Wealth Creation
Author(s):

Mohamed Nasr

Publisher:
Edinburgh University Press
DOI:10.3366/edinburgh/9780748621002.003.0014

For a long time, Islamic finance has been discussed from the supply side, and asymmetric information and agency problems have been given as the reasons for lack of use of mushārakah by Islamic banks. This chapter aims to provide some empirical evidence on the relationship between mushārakah and the degree of preference by end users of such a tool. While the relationship between equity finance and control is well documented in the literature, the relation in terms of Islamic finance is not. Therefore, the chapter attempts to link Islamic finance tools with the mainstream theory of finance. The first section of the chapter discusses the existing literature on the Pecking Order Hypothesis and the empirical results of similar studies. The second section focuses on the hypothesis and research methodology used in the chapter. The last section presents the empirical results of the chapter.

Keywords:   Islamic finance, mushārakah, equity finance, Pecking Order Hypothesis

Edinburgh Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.