Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size,...
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2010
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| Online Access: | https://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf https://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf |
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my-uum-etd.21812013-07-24T12:14:47Z Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia 2010-05 Maslina, Samiran Md Rus, Rohani College of Business (COB) College of Business HG Finance This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size, profitability, nature of assets (tangibility), non-debt tax shields, liquidity, growth opportunities and tax charge, which incorporates both leverage measures, constituting market leverage ratio level and the book leverage ratio level to relate on which capital structure theory is more applicable to the construction industry players in Malaysia. The outcome of the findings demonstrated that liquidity and growth opportunities are highly negatively significant in determining the capital structure choice of the construction firms in Malaysia, in consistent with the Pecking Order Theory. 2010-05 Thesis https://etd.uum.edu.my/2181/ https://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf application/pdf eng validuser https://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf application/pdf eng public http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000759291 masters masters Universiti Utara Malaysia |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng |
| advisor |
Md Rus, Rohani |
| topic |
HG Finance |
| spellingShingle |
HG Finance Maslina, Samiran Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| description |
This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size, profitability, nature of assets (tangibility), non-debt tax shields, liquidity, growth opportunities and tax charge, which incorporates both leverage measures, constituting market leverage ratio level and the book leverage ratio level to relate on which capital structure theory is more applicable to the construction industry players in Malaysia. The outcome of the findings demonstrated that liquidity and growth opportunities are highly negatively significant in determining the capital structure choice of the construction firms in Malaysia, in consistent with the Pecking Order Theory. |
| format |
Thesis |
| qualification_name |
masters |
| qualification_level |
Master's degree |
| author |
Maslina, Samiran |
| author_facet |
Maslina, Samiran |
| author_sort |
Maslina, Samiran |
| title |
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| title_short |
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| title_full |
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| title_fullStr |
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| title_full_unstemmed |
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia |
| title_sort |
capital structure determinants: empirical research on construction firms in malaysia |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
College of Business (COB) |
| publishDate |
2010 |
| url |
https://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf https://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf |
| _version_ |
1747827284030521344 |