The determinants of capital structure : plantation industry

This research investigates the relationship between capital structure and firms’ performances. The sample of this study are based on Malaysia plantation companies from year 2010 to 2014 to analyze the most optimum capital structure. This study uses leverage (LEV) as the dependent variable against se...

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Main Author:	Nurul Ain, Rozman
Format:	Thesis
Language:	eng eng
Published:	2017
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7566/2/s816357_01.pdf https://etd.uum.edu.my/7566/3/s816357_02.pdf
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id	my-uum-etd.7566
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ghazali, Zahiruddin
topic	HG Finance
spellingShingle	HG Finance Nurul Ain, Rozman The determinants of capital structure : plantation industry
description	This research investigates the relationship between capital structure and firms’ performances. The sample of this study are based on Malaysia plantation companies from year 2010 to 2014 to analyze the most optimum capital structure. This study uses leverage (LEV) as the dependent variable against seven independent variables which are firm size (SIZE), growth (GROWTH), asset structure (ASTRUCT), business risk (RISK), liquidity (LIQUID), tax shield (TAX) and profitability (PROFIT) in determining the firms’ financial performances. The sample of this study comprises 35 listed companies in Bursa Malaysia with 6 companies are excluded due to insufficient of data. In this paper, asset structure, firm size and tax shield found to be in line with the trade-off theory with positive relationship with leverage. Meanwhile, the profitability follows the pecking order theory with negative correlation with leverage. Business risk, growth and liquidity does not influence the capital structure of Malaysia plantation firms.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Nurul Ain, Rozman
author_facet	Nurul Ain, Rozman
author_sort	Nurul Ain, Rozman
title	The determinants of capital structure : plantation industry
title_short	The determinants of capital structure : plantation industry
title_full	The determinants of capital structure : plantation industry
title_fullStr	The determinants of capital structure : plantation industry
title_full_unstemmed	The determinants of capital structure : plantation industry
title_sort	determinants of capital structure : plantation industry
granting_institution	Universiti Utara Malaysia
granting_department	School of Applied Psychology, Social Work & Policy
publishDate	2017
url	https://etd.uum.edu.my/7566/2/s816357_01.pdf https://etd.uum.edu.my/7566/3/s816357_02.pdf
_version_	1747828235817713664
spelling	my-uum-etd.75662021-08-18T04:42:41Z The determinants of capital structure : plantation industry 2017 Nurul Ain, Rozman Ghazali, Zahiruddin School of Applied Psychology, Social Work & Policy School of Economics, Finance & Banking HG Finance This research investigates the relationship between capital structure and firms’ performances. The sample of this study are based on Malaysia plantation companies from year 2010 to 2014 to analyze the most optimum capital structure. This study uses leverage (LEV) as the dependent variable against seven independent variables which are firm size (SIZE), growth (GROWTH), asset structure (ASTRUCT), business risk (RISK), liquidity (LIQUID), tax shield (TAX) and profitability (PROFIT) in determining the firms’ financial performances. The sample of this study comprises 35 listed companies in Bursa Malaysia with 6 companies are excluded due to insufficient of data. In this paper, asset structure, firm size and tax shield found to be in line with the trade-off theory with positive relationship with leverage. Meanwhile, the profitability follows the pecking order theory with negative correlation with leverage. Business risk, growth and liquidity does not influence the capital structure of Malaysia plantation firms. 2017 Thesis https://etd.uum.edu.my/7566/ https://etd.uum.edu.my/7566/2/s816357_01.pdf text eng public https://etd.uum.edu.my/7566/3/s816357_02.pdf text eng public http://sierra.uum.edu.my/record=b1698124~S1 masters masters Universiti Utara Malaysia Abu Bakar, M. H. (2010). The determinant of Capital Structure under Properties and Plantation Sectors in Malaysia. (Master’s thesis). Universiti Utara Malaysia. Abuzar, M.A. Eljelly. (2004). “Liquidity – Profitability tradeoff: An empirical investigation in an emerging market”. International Journal of Commerce and Management. Vol.14 (2). Pp. 48-61. Afzal Z. (2012). 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The determinants of capital structure : plantation industry

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