Capital structure and firm performance: an analysis of consumer products industry in Malaysia
This study is established to determine the relationship between capital structures and firm performance. In this analysis, 120 consumer product companies were selected as a sample from the Bursa Malaysia. The financial reports that collected by current study is started from year 2013 to year 2017. T...
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| Online Access: | https://etd.uum.edu.my/8441/1/s821321_01.pdf https://etd.uum.edu.my/8441/2/s821321_02.pdf https://etd.uum.edu.my/8441/3/s821321%20references.docx |
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my-uum-etd.84412022-04-13T02:49:21Z Capital structure and firm performance: an analysis of consumer products industry in Malaysia 2019 Tan, Chin Seng Hanafi, Norshafizah School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance This study is established to determine the relationship between capital structures and firm performance. In this analysis, 120 consumer product companies were selected as a sample from the Bursa Malaysia. The financial reports that collected by current study is started from year 2013 to year 2017. This study used pooled ordinary least square (OLS) and fixed effect model (FE) to examine the association between capital structure and firm performance. Mostly consumer product firm raise funds though issuance shares and need to improve its assets management. Current study result showed that there is a significant relation between capital structure and firm performance. Total debt to total assets (TD) and total equity to total assets (TE) have a significant and negative relation with Tobin's Q (TQ). Liquidity (LIQUD) and tangibility (TANG) have a significant and negative impact on firm performance; while, firm size (SIZE) has a significant and positive impact on firm performance. Consumer product firm should diversify its investment and involve in different market segment in order to maximize shareholders' wealth. Future study can be including the external factor variable in his or her research such as income tax, inflation rate, exchange rate and so on. 2019 Thesis https://etd.uum.edu.my/8441/ https://etd.uum.edu.my/8441/1/s821321_01.pdf text eng public https://etd.uum.edu.my/8441/2/s821321_02.pdf text eng public https://etd.uum.edu.my/8441/3/s821321%20references.docx text eng public other masters Universiti Utara Malaysia |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng eng |
| advisor |
Hanafi, Norshafizah |
| topic |
HG Finance |
| spellingShingle |
HG Finance Tan, Chin Seng Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| description |
This study is established to determine the relationship between capital structures and firm performance. In this analysis, 120 consumer product companies were selected as a sample from the Bursa Malaysia. The financial reports that collected by current study is started from year 2013 to year 2017. This study used pooled ordinary least square (OLS) and fixed effect model (FE) to examine the association between capital structure
and firm performance. Mostly consumer product firm raise funds though issuance shares and need to improve its assets management. Current study result showed that there is a significant relation between capital structure and firm performance. Total debt to total assets (TD) and total equity to total assets (TE) have a significant and negative relation with Tobin's Q (TQ). Liquidity (LIQUD) and tangibility (TANG)
have a significant and negative impact on firm performance; while, firm size (SIZE) has a significant and positive impact on firm performance. Consumer product firm should diversify its investment and involve in different market segment in order to
maximize shareholders' wealth. Future study can be including the external factor variable in his or her research such as income tax, inflation rate, exchange rate and so on. |
| format |
Thesis |
| qualification_name |
other |
| qualification_level |
Master's degree |
| author |
Tan, Chin Seng |
| author_facet |
Tan, Chin Seng |
| author_sort |
Tan, Chin Seng |
| title |
Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| title_short |
Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| title_full |
Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| title_fullStr |
Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| title_full_unstemmed |
Capital structure and firm performance: an analysis of consumer products industry in Malaysia |
| title_sort |
capital structure and firm performance: an analysis of consumer products industry in malaysia |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
School of Economics, Finance & Banking |
| publishDate |
2019 |
| url |
https://etd.uum.edu.my/8441/1/s821321_01.pdf https://etd.uum.edu.my/8441/2/s821321_02.pdf https://etd.uum.edu.my/8441/3/s821321%20references.docx |
| _version_ |
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