Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek

Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefo...

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Main Author:	Putek, Erna Sharida
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Investment companies Investment trusts Mutual funds
Online Access:	https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf
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id	my-uitm-ir.92171
record_format	uketd_dc
spelling	my-uitm-ir.921712024-03-15T07:36:19Z Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek 2013 Putek, Erna Sharida Investment companies. Investment trusts. Mutual funds Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefore, this study is designed to investigate which theories is the most dominant in Capital structure decision. Several factors such as firm size, profitability, liquidity and growth have been analysed. A set of panel data for a 6 year period (2006-2011), which consists of data from Government-Linked Companies (GLCs) has been used. Based on the Random Effects GLS Regression estimation, the results successfully highlight on the dominance of the firm size and growth. This is because large firm tend to be more diversified in their investment. Growth were significant because tend to borrow on short term basis. For future studies, it is proposed to have a lot of Government-Linked Companies to be analysis. 2013 Thesis https://ir.uitm.edu.my/id/eprint/92171/ https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf text en public degree Universiti Teknologi MARA, Terengganu Faculty Of Business Management Wan Mahmood, Wan Mansor
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Wan Mahmood, Wan Mansor
topic	Investment companies Investment trusts Mutual funds
spellingShingle	Investment companies Investment trusts Mutual funds Putek, Erna Sharida Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
description	Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefore, this study is designed to investigate which theories is the most dominant in Capital structure decision. Several factors such as firm size, profitability, liquidity and growth have been analysed. A set of panel data for a 6 year period (2006-2011), which consists of data from Government-Linked Companies (GLCs) has been used. Based on the Random Effects GLS Regression estimation, the results successfully highlight on the dominance of the firm size and growth. This is because large firm tend to be more diversified in their investment. Growth were significant because tend to borrow on short term basis. For future studies, it is proposed to have a lot of Government-Linked Companies to be analysis.
format	Thesis
qualification_level	Bachelor degree
author	Putek, Erna Sharida
author_facet	Putek, Erna Sharida
author_sort	Putek, Erna Sharida
title	Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
title_short	Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
title_full	Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
title_fullStr	Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
title_full_unstemmed	Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
title_sort	capital structure in malaysia government-linked companies (glcs) / erna sharida putek
granting_institution	Universiti Teknologi MARA, Terengganu
granting_department	Faculty Of Business Management
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf
_version_	1794192265045868544

Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek

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