Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri

The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structu...

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Main Author:	Bakri, Siti Fadzlina
Format:	Thesis
Language:	English
Published:	2011
Online Access:	https://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf
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id	my-uitm-ir.17194
record_format	uketd_dc
spelling	my-uitm-ir.171942022-04-06T05:23:34Z Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri 2011-04 Bakri, Siti Fadzlina The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structure by testing the determinants developed by prior theories of capital structure such as trade-off theory and pecking order theory. It also includes determinants from other literature. Samples of the study comprise of 77 companies being listed in Bursa Malaysia main market for the period of five years from 2005 to 2009. The results of the study show that Malaysian PLCs employ low debt level whereby the debt ratio is less than 50%. Then, the study used panel Ordinary Least Square regression analysis to examine the relationship between debt ratio and capital structure determinants. The result shows that size and growth opportunities of the companies have a positive relationship towards both total debt ratio and long-term debt ratio. Liquidity position however reveals a negative relationship while asset tangibility shows an insignificant result. In addition, this study also creates industry dummies to examine whether industry classification would influence the capital structure among Malaysian PLCs. It reveals the same results as before the industry dummies were input into the regression except that, growth opportunities become insignificant towards the long term-debt. 2011-04 Thesis https://ir.uitm.edu.my/id/eprint/17194/ https://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf text en public mphil masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structure by testing the determinants developed by prior theories of capital structure such as trade-off theory and pecking order theory. It also includes determinants from other literature. Samples of the study comprise of 77 companies being listed in Bursa Malaysia main market for the period of five years from 2005 to 2009. The results of the study show that Malaysian PLCs employ low debt level whereby the debt ratio is less than 50%. Then, the study used panel Ordinary Least Square regression analysis to examine the relationship between debt ratio and capital structure determinants. The result shows that size and growth opportunities of the companies have a positive relationship towards both total debt ratio and long-term debt ratio. Liquidity position however reveals a negative relationship while asset tangibility shows an insignificant result. In addition, this study also creates industry dummies to examine whether industry classification would influence the capital structure among Malaysian PLCs. It reveals the same results as before the industry dummies were input into the regression except that, growth opportunities become insignificant towards the long term-debt.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Bakri, Siti Fadzlina
spellingShingle	Bakri, Siti Fadzlina Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
author_facet	Bakri, Siti Fadzlina
author_sort	Bakri, Siti Fadzlina
title	Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
title_short	Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
title_full	Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
title_fullStr	Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
title_full_unstemmed	Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri
title_sort	capital structure: evidence from malaysian public listed companies / siti fadzlina bakri
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2011
url	https://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf
_version_	1783733555633848320

Capital structure: evidence from Malaysian public listed companies / Siti Fadzlina Bakri

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