The relationship between corporate governance and firm's capital structure Malaysian evidence

This study examines the relationships between corporate governance mechanisms (bankers on board, family-owned company, CEO duality, board size, and board composition), including control variables (firm size, firm age and firm‟s profitability) with capital structure (debt-equity ratio) of listed com...

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Main Author:	Muhammad Ashraf, Anuar
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4671/1/s814433.pdf https://etd.uum.edu.my/4671/2/s814433_abstract.pdf
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id	my-uum-etd.4671
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ahmad, Norafifah
topic	HG Finance
spellingShingle	HG Finance Muhammad Ashraf, Anuar The relationship between corporate governance and firm's capital structure Malaysian evidence
description	This study examines the relationships between corporate governance mechanisms (bankers on board, family-owned company, CEO duality, board size, and board composition), including control variables (firm size, firm age and firm‟s profitability) with capital structure (debt-equity ratio) of listed companies in Malaysia. This study uses data from 60 largest listed companies, based on their market capitalization, from all sectors in Malaysia except financial institution and insurance companies. The time period covered is from 2000 to 2004, that is, after the announcement of the Malaysian Code of Corporate Governance in 2000. This study finds positive relationships between capital structure and bankers on board, family-owned company, board composition, and firm size. The relationships on family-owned company and firm size are significant, with both have strongly influencing the firms‟ capital structure. Profitability has a negative relationship. Board size and firm age both have negative, but significant relationships with the firms‟ capital structure. Generally, the existing literature on the relationships between corporate governance and capital structure has supported the findings of this study
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Muhammad Ashraf, Anuar
author_facet	Muhammad Ashraf, Anuar
author_sort	Muhammad Ashraf, Anuar
title	The relationship between corporate governance and firm's capital structure Malaysian evidence
title_short	The relationship between corporate governance and firm's capital structure Malaysian evidence
title_full	The relationship between corporate governance and firm's capital structure Malaysian evidence
title_fullStr	The relationship between corporate governance and firm's capital structure Malaysian evidence
title_full_unstemmed	The relationship between corporate governance and firm's capital structure Malaysian evidence
title_sort	relationship between corporate governance and firm's capital structure malaysian evidence
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/4671/1/s814433.pdf https://etd.uum.edu.my/4671/2/s814433_abstract.pdf
_version_	1747827777569030144
spelling	my-uum-etd.46712021-04-04T07:55:15Z The relationship between corporate governance and firm's capital structure Malaysian evidence 2015 Muhammad Ashraf, Anuar Ahmad, Norafifah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study examines the relationships between corporate governance mechanisms (bankers on board, family-owned company, CEO duality, board size, and board composition), including control variables (firm size, firm age and firm‟s profitability) with capital structure (debt-equity ratio) of listed companies in Malaysia. This study uses data from 60 largest listed companies, based on their market capitalization, from all sectors in Malaysia except financial institution and insurance companies. The time period covered is from 2000 to 2004, that is, after the announcement of the Malaysian Code of Corporate Governance in 2000. This study finds positive relationships between capital structure and bankers on board, family-owned company, board composition, and firm size. The relationships on family-owned company and firm size are significant, with both have strongly influencing the firms‟ capital structure. Profitability has a negative relationship. Board size and firm age both have negative, but significant relationships with the firms‟ capital structure. Generally, the existing literature on the relationships between corporate governance and capital structure has supported the findings of this study 2015 Thesis https://etd.uum.edu.my/4671/ https://etd.uum.edu.my/4671/1/s814433.pdf text eng public https://etd.uum.edu.my/4671/2/s814433_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abor, J. (2007). Corporate governance and financing decisions of Ghanaian listed firms. Corporate Governance, 7(1), 83–92. Abor, J., & Fiador, V. (2013). 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