Capital structure and corporate performance of public listed oil and gas companies in Malaysia

The purpose of this study is to examine empirically the relationship between capital structure and corporate performance of the public listed oil and gas companies in Malaysia. Various capital structure theories were presented to support the aim of this study. By using a total of 12 public listed...

Full description

Saved in:

Bibliographic Details
Main Author:	Foo, Varian Tian Ren
Format:	Thesis
Language:	English
Published:	2014
Subjects:	HG Finance
Online Access:	https://eprints.ums.edu.my/id/eprint/17889/1/Capital%20structure%20and%20corporate.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-ums-ep.17889
record_format	uketd_dc
spelling	my-ums-ep.178892017-12-28T22:36:29Z Capital structure and corporate performance of public listed oil and gas companies in Malaysia 2014 Foo, Varian Tian Ren HG Finance The purpose of this study is to examine empirically the relationship between capital structure and corporate performance of the public listed oil and gas companies in Malaysia. Various capital structure theories were presented to support the aim of this study. By using a total of 12 public listed oil and gas companies, the significance of the proposed relationship was proven through two models with the help of regression analysis. Capital structure, the independent variable was measured by three ratios namely short-term to total debt (STDTA), long-term to total debt (LTDTA) and total debt to total asset (TTOTA). On the other hand, the dependent variable, corporate performance was measured by return on equity (ROE), return on asset (ROA) and gross margin (GM). The findings showed that capital structure and ROE had a negative and significant relationship, indicating that an increase in the debt level of a company will negatively affect the profitability especially towards shareholders. On the other hand, capital structure choices in terms of debt level were found to have no significant relationship with corporate performance measured by ROA and GM. This result was found to be consistent with similar studies done in Malaysia as well. Subsequently, limitations of this study and recommendations for future research were discussed. 2014 Thesis https://eprints.ums.edu.my/id/eprint/17889/ https://eprints.ums.edu.my/id/eprint/17889/1/Capital%20structure%20and%20corporate.pdf text en public masters Universiti Malaysia Sabah Faculty of Business, Economics and Accounting
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Foo, Varian Tian Ren Capital structure and corporate performance of public listed oil and gas companies in Malaysia
description	The purpose of this study is to examine empirically the relationship between capital structure and corporate performance of the public listed oil and gas companies in Malaysia. Various capital structure theories were presented to support the aim of this study. By using a total of 12 public listed oil and gas companies, the significance of the proposed relationship was proven through two models with the help of regression analysis. Capital structure, the independent variable was measured by three ratios namely short-term to total debt (STDTA), long-term to total debt (LTDTA) and total debt to total asset (TTOTA). On the other hand, the dependent variable, corporate performance was measured by return on equity (ROE), return on asset (ROA) and gross margin (GM). The findings showed that capital structure and ROE had a negative and significant relationship, indicating that an increase in the debt level of a company will negatively affect the profitability especially towards shareholders. On the other hand, capital structure choices in terms of debt level were found to have no significant relationship with corporate performance measured by ROA and GM. This result was found to be consistent with similar studies done in Malaysia as well. Subsequently, limitations of this study and recommendations for future research were discussed.
format	Thesis
qualification_level	Master's degree
author	Foo, Varian Tian Ren
author_facet	Foo, Varian Tian Ren
author_sort	Foo, Varian Tian Ren
title	Capital structure and corporate performance of public listed oil and gas companies in Malaysia
title_short	Capital structure and corporate performance of public listed oil and gas companies in Malaysia
title_full	Capital structure and corporate performance of public listed oil and gas companies in Malaysia
title_fullStr	Capital structure and corporate performance of public listed oil and gas companies in Malaysia
title_full_unstemmed	Capital structure and corporate performance of public listed oil and gas companies in Malaysia
title_sort	capital structure and corporate performance of public listed oil and gas companies in malaysia
granting_institution	Universiti Malaysia Sabah
granting_department	Faculty of Business, Economics and Accounting
publishDate	2014
url	https://eprints.ums.edu.my/id/eprint/17889/1/Capital%20structure%20and%20corporate.pdf
_version_	1747836472446156800

Capital structure and corporate performance of public listed oil and gas companies in Malaysia

Similar Items