Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi

An important concern in financial decision making is to determine the optimal level of capital structure. This is because a smart choice on capital structure can maximize the firm’s profit and shareholder’s value. Capital structure is one of the financing decisions for a company to maximize sharehol...

Full description

Saved in:

Bibliographic Details
Main Author:	Fauzi, Nik Zuraidah
Format:	Thesis
Language:	English
Published:	2015
Subjects:	Capital Capital investments
Online Access:	https://ir.uitm.edu.my/id/eprint/89425/1/89425.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uitm-ir.89425
record_format	uketd_dc
spelling	my-uitm-ir.894252024-01-14T08:21:22Z Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi 2015-06 Fauzi, Nik Zuraidah Capital. Capital investments An important concern in financial decision making is to determine the optimal level of capital structure. This is because a smart choice on capital structure can maximize the firm’s profit and shareholder’s value. Capital structure is one of the financing decisions for a company to maximize shareholder’s value. A good management of capital structure will increase value to the company and poor management will result badly of capital structure to the company. This study is an attempt to examine the capital structure of properties companies in this rapid growth economy. Explicitly, this study will investigate the determinants of capital structure on properties listed companies in Malaysia which is comparatively still new and under-explored. This study is attempts to determine the relationship between the leverage ratio and its determinants and identify which theory, between Pecking Order Theory (POT) and Trade-off Theory (TOT), explain the financing behaviour of the property companies listed in Bursa Malaysia. The leverage ratio includes Short Term Debt Ratio (STDR), Long Term Debt Ratio (LTDR) and Total Debt Ratio (TDR). The determinants include size (SIZE), profitability (PROF), growth (GROWTH), tangibility (TANG), liquidity (LIQ), business risk (BR) and non-debt tax shields (NDTS). Total of 71 property listed companies were taken as the samples of this study. The period of this study is form 2009 to 2013. This study found that there are positive relationship with firm size, growth opportunity and tangibility determinants but negative relationship with profitability, growth, liquidity, business risk and non-tax shields determinants. This study is significant to the academia, finance manager, finance controller and managing directors the benchmark for the manager for making a good decision. 2015-06 Thesis https://ir.uitm.edu.my/id/eprint/89425/ https://ir.uitm.edu.my/id/eprint/89425/1/89425.pdf text en public masters Universiti Teknologi MARA, Terengganu Faculty of Accountancy Ramli, Mohd Ismail
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Ramli, Mohd Ismail
topic	Capital Capital investments
spellingShingle	Capital Capital investments Fauzi, Nik Zuraidah Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
description	An important concern in financial decision making is to determine the optimal level of capital structure. This is because a smart choice on capital structure can maximize the firm’s profit and shareholder’s value. Capital structure is one of the financing decisions for a company to maximize shareholder’s value. A good management of capital structure will increase value to the company and poor management will result badly of capital structure to the company. This study is an attempt to examine the capital structure of properties companies in this rapid growth economy. Explicitly, this study will investigate the determinants of capital structure on properties listed companies in Malaysia which is comparatively still new and under-explored. This study is attempts to determine the relationship between the leverage ratio and its determinants and identify which theory, between Pecking Order Theory (POT) and Trade-off Theory (TOT), explain the financing behaviour of the property companies listed in Bursa Malaysia. The leverage ratio includes Short Term Debt Ratio (STDR), Long Term Debt Ratio (LTDR) and Total Debt Ratio (TDR). The determinants include size (SIZE), profitability (PROF), growth (GROWTH), tangibility (TANG), liquidity (LIQ), business risk (BR) and non-debt tax shields (NDTS). Total of 71 property listed companies were taken as the samples of this study. The period of this study is form 2009 to 2013. This study found that there are positive relationship with firm size, growth opportunity and tangibility determinants but negative relationship with profitability, growth, liquidity, business risk and non-tax shields determinants. This study is significant to the academia, finance manager, finance controller and managing directors the benchmark for the manager for making a good decision.
format	Thesis
qualification_level	Master's degree
author	Fauzi, Nik Zuraidah
author_facet	Fauzi, Nik Zuraidah
author_sort	Fauzi, Nik Zuraidah
title	Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
title_short	Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
title_full	Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
title_fullStr	Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
title_full_unstemmed	Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi
title_sort	capital structure determinants on listed property companies in malaysia / nik zuraidah fauzi
granting_institution	Universiti Teknologi MARA, Terengganu
granting_department	Faculty of Accountancy
publishDate	2015
url	https://ir.uitm.edu.my/id/eprint/89425/1/89425.pdf
_version_	1794192218700906496

Capital structure determinants on listed property companies in Malaysia / Nik Zuraidah Fauzi

Similar Items