A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi

Employing the ordinary least square methodology, this study examines the capital structure determinants of 20 property companies quoted in Malaysia. The researcher interested to focus in the property sectors because this sectors is in developing phase in Malaysia and these property companies react t...

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Main Author:	Affandi, Salwani
Format:	Thesis
Language:	English
Published:	2007
Subjects:	Capital budget Capital investments Fixed capital
Online Access:	https://ir.uitm.edu.my/id/eprint/92767/1/92767.pdf
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id	my-uitm-ir.92767
record_format	uketd_dc
spelling	my-uitm-ir.927672024-03-18T00:32:50Z A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi 2007 Affandi, Salwani Capital budget. Capital investments. Fixed capital Employing the ordinary least square methodology, this study examines the capital structure determinants of 20 property companies quoted in Malaysia. The researcher interested to focus in the property sectors because this sectors is in developing phase in Malaysia and these property companies react to the economic condition in the country. Moreover, the capital structure of the property companies is still relatively underexplored area in the property literature. This study is conducted to gain a clear understanding of what factors influenced these property companies to choose their financing behavior. The objective that to be achieved by the researcher is to examine the relationship between the independent variables (PAI, SZE,GRW, EBIT, BLR) and dependent variable (TDR). Besides, we are going to investigate what factors are the most determinants of the property companies’ capital structure. The empirical test reveals how the debt-equity structure of the companies is influenced by the various firm-specific attributes and macro-economic factors. In particular, the evidence shows that property asset intensity (PAI) and profitability (EBIT) of these property companies are significant determinants of corporate debt policy. In addition, the firm size (SZE), growth rate (GRW) and base lending rate (BLR) do not appear to have any significant effect on the capital structure decision of property companies. 2007 Thesis https://ir.uitm.edu.my/id/eprint/92767/ https://ir.uitm.edu.my/id/eprint/92767/1/92767.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	Capital budget Capital investments Fixed capital
spellingShingle	Capital budget Capital investments Fixed capital Affandi, Salwani A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
description	Employing the ordinary least square methodology, this study examines the capital structure determinants of 20 property companies quoted in Malaysia. The researcher interested to focus in the property sectors because this sectors is in developing phase in Malaysia and these property companies react to the economic condition in the country. Moreover, the capital structure of the property companies is still relatively underexplored area in the property literature. This study is conducted to gain a clear understanding of what factors influenced these property companies to choose their financing behavior. The objective that to be achieved by the researcher is to examine the relationship between the independent variables (PAI, SZE,GRW, EBIT, BLR) and dependent variable (TDR). Besides, we are going to investigate what factors are the most determinants of the property companies’ capital structure. The empirical test reveals how the debt-equity structure of the companies is influenced by the various firm-specific attributes and macro-economic factors. In particular, the evidence shows that property asset intensity (PAI) and profitability (EBIT) of these property companies are significant determinants of corporate debt policy. In addition, the firm size (SZE), growth rate (GRW) and base lending rate (BLR) do not appear to have any significant effect on the capital structure decision of property companies.
format	Thesis
qualification_level	Bachelor degree
author	Affandi, Salwani
author_facet	Affandi, Salwani
author_sort	Affandi, Salwani
title	A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
title_short	A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
title_full	A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
title_fullStr	A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
title_full_unstemmed	A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi
title_sort	study on the determinants of capital structure: evidence of malaysians property companies / salwani affandi
granting_institution	Universiti Teknologi MARA, Terengganu
granting_department	Faculty Of Business Management
publishDate	2007
url	https://ir.uitm.edu.my/id/eprint/92767/1/92767.pdf
_version_	1794192283545894912

A study on the determinants of capital structure: evidence of Malaysians property companies / Salwani Affandi

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