Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies

Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies

This research investigates the relationship between capital structure and firm performance during and after the global financial crisis among Malaysian listed companies. The research uses a panel data approach on a sample of 278 non-financial listed companies. The regression models reveal that Tobin...

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Main Author: Suleiman, Almustapha Muhammad
Format: Thesis
Language:eng
eng
Published: 2014
Subjects:
HB Economic Theory
HG Finance
Online Access:https://etd.uum.edu.my/4647/1/s814850.pdf
https://etd.uum.edu.my/4647/2/s814850_abstract.pdf
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id my-uum-etd.4647
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Lode, Nor Asma
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Suleiman, Almustapha Muhammad
Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
description This research investigates the relationship between capital structure and firm performance during and after the global financial crisis among Malaysian listed companies. The research uses a panel data approach on a sample of 278 non-financial listed companies. The regression models reveal that Tobin`s Q ratio has a significant positive relationship with long term debt and growth, both during and after the global financial crisis. In addition, a significant negative relationship between return on assets and long term debt, short term debt, total debt, was found during and after the financial crisis. The findings imply that Malaysian listed companies should immunize themselves against any financial crisis by maintaining lower short-term debt ratio, because most of these non-financial companies are financed with a higher amount of short-term debt rather than long-term debt. The significant negative relationship between performance and the variables long term debt, short term debt, and total debt do not support the “capital structure irrelevancy theory”, because the lower the amount of debt in the capital structure the better the performance of the sampled companies.
format Thesis
qualification_name masters
qualification_level Master's degree
author Suleiman, Almustapha Muhammad
author_facet Suleiman, Almustapha Muhammad
author_sort Suleiman, Almustapha Muhammad
title Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
title_short Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
title_full Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
title_fullStr Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
title_full_unstemmed Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies
title_sort capital structure and firm performance during and after the global financial crisis among malaysia listed companies
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2014
url https://etd.uum.edu.my/4647/1/s814850.pdf
https://etd.uum.edu.my/4647/2/s814850_abstract.pdf
_version_ 1747827772985704448
spelling my-uum-etd.46472016-04-18T02:36:26Z Capital structure and firm performance during and after the global financial crisis among Malaysia listed companies 2014 Suleiman, Almustapha Muhammad Lode, Nor Asma Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB Economic Theory HG Finance This research investigates the relationship between capital structure and firm performance during and after the global financial crisis among Malaysian listed companies. The research uses a panel data approach on a sample of 278 non-financial listed companies. The regression models reveal that Tobin`s Q ratio has a significant positive relationship with long term debt and growth, both during and after the global financial crisis. In addition, a significant negative relationship between return on assets and long term debt, short term debt, total debt, was found during and after the financial crisis. The findings imply that Malaysian listed companies should immunize themselves against any financial crisis by maintaining lower short-term debt ratio, because most of these non-financial companies are financed with a higher amount of short-term debt rather than long-term debt. The significant negative relationship between performance and the variables long term debt, short term debt, and total debt do not support the “capital structure irrelevancy theory”, because the lower the amount of debt in the capital structure the better the performance of the sampled companies. 2014 Thesis https://etd.uum.edu.my/4647/ https://etd.uum.edu.my/4647/1/s814850.pdf text eng validuser https://etd.uum.edu.my/4647/2/s814850_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abor, J. (2007a). Capital Structure and financing of SMEs : Empirical evidence from Ghana and South Africa. Abor, J. (2007b). Debt policy and performance of SMEs: Evidence from Ghanaian and South African firms. 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