The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms
This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research mod...
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| Language: | eng eng |
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1994
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| Online Access: | https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf |
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my-uum-etd.6222013-07-24T12:08:10Z The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms 1994-01 Mohamad Khan, Raji Jamal Sekolah Siswazah Graduate School HD28-70 Management. Industrial Management This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research model justifies that capital structure changes in response to market imperfections which subsequently affect profitability. This findings empirically implies that: (a) higher debt level result in a lower profitability; (b) higher profitability associates positively with taxation expense but negatively with interest expense. 1994-01 Thesis https://etd.uum.edu.my/622/ https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf application/pdf eng validuser https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf application/pdf eng public masters masters Universiti Utara Malaysia |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng |
| topic |
HD28-70 Management Industrial Management |
| spellingShingle |
HD28-70 Management Industrial Management Mohamad Khan, Raji Jamal The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| description |
This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research model justifies that capital structure changes in response to market imperfections
which subsequently affect profitability. This findings empirically implies that:
(a) higher debt level result in a lower profitability;
(b) higher profitability associates positively with taxation
expense but negatively with interest expense. |
| format |
Thesis |
| qualification_name |
masters |
| qualification_level |
Master's degree |
| author |
Mohamad Khan, Raji Jamal |
| author_facet |
Mohamad Khan, Raji Jamal |
| author_sort |
Mohamad Khan, Raji Jamal |
| title |
The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_short |
The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_full |
The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_fullStr |
The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_full_unstemmed |
The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_sort |
effect of capital structure on firm's profitability: a case of listed malaysian industrial firms |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
Sekolah Siswazah |
| publishDate |
1994 |
| url |
https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf |
| _version_ |
1747826958448721920 |