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Jurnal Ekonomi Malaysia

47 (1) 2013 173 – 180

Pertumbuhan Firma, Kewangan dan Kebebasan Ekonomi: Suatu Kajian Data Panel
Firm Growth, Finance and Economic Freedom: Panel Data Study

Pusat Pengajian Ekonomi
Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 Bangi, Selangor
MALAYSIA

mz@ukm.my

Kolej Profesional MARA Bandar Penawar
Jalan Ungku Abdul Aziz
81930 Bandar Penawar, Kota Tinggi
Johor Darul Takzim

drmusamuhamadali@yahoo.com

Pusat Pengajian Ekonomi
Fakulti Ekonomi dan Pengurusan
Universiti Kebangsaan Malaysia
43600 Bangi, Selangor
MALAYSIA

azlan@ukm.my

Abstract

This paper aims to examine empirically the influence of finance (sources of financing) and economic freedom upon the growth of syariah compliance firms’ and conventional firms’, in which listed in Bursa Malaysia for the period of 2000-2010. A static panel data technique namely a fixed effect model is used to estimate the determinants of firms’ growth. The findings revealed that the internal and external financing has a positive effects and statistically significance in influencing the firms’ growth. The growth of syariah compliance firms’ are more sensitive to internal finance than external finance, whereas, the growth of conventional firms’ are more sensitive to external finance than internal finance. On the other hand, the growth of syariah compliance firms’ are negatively affected by economic freedom, whereas, the growth of conventional firms’ are positively influenced by economic freedom.

Keywords

economic freedom; Financial constraint; firms’ growth; static panel data
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Abdul Karim, , Ali, , & Zaidi, (2013). Pertumbuhan Firma, Kewangan dan Kebebasan Ekonomi: Suatu Kajian Data Panel. Jurnal Ekonomi Malaysia, 47(1), 173–180.

@article{karim2013pertumbuhan,
  title={Pertumbuhan Firma, Kewangan dan Kebebasan Ekonomi: Suatu Kajian Data Panel},
  author={Abdul Karim, Zulkefly and Ali, Musa and Zaidi, Mohd Azlan Shah},
  journal={Jurnal Ekonomi Malaysia},
  volume={47},
  number={1},
  pages={173—180},
 

year={2013},
}

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