The determinants of capital structure and its speed of adjustment : An optimal capital structure case of ASEAN-5 listed companies
Following the outbreak of the Asian Financial Crisis 1997, the issue of overleveraged became important as several highly leveraged firms in ASEAN declared bankruptcy or were rescued by the governments while the financial institutions became preoccupied with the non performing loans. The ASEAN coun...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English English |
| Published: |
unimas
2016
|
| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/20929/1/The%20determinants%20of%20capital%20structure%2024pgs.pdf http://ir.unimas.my/id/eprint/20929/8/Lewis.pdf http://ir.unimas.my/id/eprint/20929/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Universiti Malaysia Sarawak |
| Language: | English English |
| Summary: | Following the outbreak of the Asian Financial Crisis 1997, the issue of overleveraged became important as several highly leveraged firms in ASEAN declared bankruptcy or were
rescued by the governments while the financial institutions became preoccupied with the non performing loans. The ASEAN countries soon realized the importance of sustaining future
growth and development through resourceful financing and thereby have undergone several phases of financial reforms in the last decade to strengthen their capital market and financial.
market. In light of this development, it is of interest to inquire whether the reforms have
successfully provided the firms with incentives and financing facilities to adopt an optimizing
behavior in their financing mode |
|---|