Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia
The purpose of this study is to examine the relationship between capital structure and corporate performance of public listed oil and gas companies in Malaysia. For this, unbalanced panel data sets of 12 oil and gas companies were tested using panel data regression technique over the period of 2003-...
Saved in:
Main Authors: | , , , |
---|---|
Format: | Non-Indexed Article |
Published: |
2015
|
Online Access: | http://discol.umk.edu.my/id/eprint/8103/ http://www.ijbmer.com/docs/volumes/vol6issue6/ijbmer2015060606.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Universiti Malaysia Kelantan |
id |
my.umk.eprints.8103 |
---|---|
record_format |
eprints |
spelling |
my.umk.eprints.81032022-05-23T10:25:18Z http://discol.umk.edu.my/id/eprint/8103/ Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia Varian Foo Amer Azlan Abdul Jamal Mohd Rahimie Abdul Karim Zatul Karamah Ahmad Baharul Ulum The purpose of this study is to examine the relationship between capital structure and corporate performance of public listed oil and gas companies in Malaysia. For this, unbalanced panel data sets of 12 oil and gas companies were tested using panel data regression technique over the period of 2003-2013. Capital structure, the independent variable is measured by three proxies namely short-term to total debt (STDTA), long-term to total debt (LTDTA) and total debt to total asset (TTDTA). While corporate performance is measured by the company’s return on equity (ROE), return on asset (ROA) and gross margin (GM). The finding shows that capital structure is negatively related to firm’s return on equity, suggesting that an increase in the firm’s debt level would negatively affect its shareholders return. The effect of firm’s debt level with ROA and GM on the other hand, shows no impact and appears to be insignificant. 2015 Non-Indexed Article NonPeerReviewed Varian Foo and Amer Azlan Abdul Jamal and Mohd Rahimie Abdul Karim and Zatul Karamah Ahmad Baharul Ulum (2015) Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia. International Journal of Business Management and Economic Research, 6 (6). pp. 371-379. ISSN 2229-6247 http://www.ijbmer.com/docs/volumes/vol6issue6/ijbmer2015060606.pdf |
institution |
Universiti Malaysia Kelantan |
building |
Perpustakaan Universiti Malaysia Kelantan |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Malaysia Kelantan |
content_source |
UMK Institutional Repository |
url_provider |
http://umkeprints.umk.edu.my/ |
description |
The purpose of this study is to examine the relationship between capital structure and corporate performance of
public listed oil and gas companies in Malaysia. For this, unbalanced panel data sets of 12 oil and gas companies were tested using panel data regression technique over the period of 2003-2013. Capital structure, the independent variable is measured by three proxies namely short-term to total debt (STDTA), long-term to total debt (LTDTA) and total debt to total asset (TTDTA). While corporate performance is measured by the company’s return on equity (ROE), return on asset (ROA) and gross margin (GM). The finding shows that capital structure is negatively related to firm’s return on equity, suggesting that an increase in the firm’s debt level would negatively affect its shareholders return. The effect of firm’s debt level with ROA and GM on the other hand, shows no impact and appears to be insignificant. |
format |
Non-Indexed Article |
author |
Varian Foo Amer Azlan Abdul Jamal Mohd Rahimie Abdul Karim Zatul Karamah Ahmad Baharul Ulum |
spellingShingle |
Varian Foo Amer Azlan Abdul Jamal Mohd Rahimie Abdul Karim Zatul Karamah Ahmad Baharul Ulum Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
author_facet |
Varian Foo Amer Azlan Abdul Jamal Mohd Rahimie Abdul Karim Zatul Karamah Ahmad Baharul Ulum |
author_sort |
Varian Foo |
title |
Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
title_short |
Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
title_full |
Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
title_fullStr |
Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
title_full_unstemmed |
Capital structure and corporate performance: panel evidence from oil and gas companies in Malaysia |
title_sort |
capital structure and corporate performance: panel evidence from oil and gas companies in malaysia |
publishDate |
2015 |
url |
http://discol.umk.edu.my/id/eprint/8103/ http://www.ijbmer.com/docs/volumes/vol6issue6/ijbmer2015060606.pdf |
_version_ |
1763303936183238656 |