Assessing The Influence Of Ownership Structure And Board Diversity On Capital Structure Adjustment Speed: Evidence From Malaysia
This study estimates the adjustment speed towards target capital structure based on 237 non-financial firms listed on Bursa Malaysia for the period of 2012-2017. This study validates the existence of target capital structure in Malaysian firms found in previous studies and revealed that the speed of...
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| Format: | Thesis |
| Language: | English |
| Published: |
2022
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| Online Access: | http://eprints.usm.my/60001/1/Pages%20from%20HANIS%20ADIELA%20BINTI%20IBRAHIM%20-%20TESIS.pdf http://eprints.usm.my/60001/ |
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| Institution: | Universiti Sains Malaysia |
| Language: | English |
| Summary: | This study estimates the adjustment speed towards target capital structure based on 237 non-financial firms listed on Bursa Malaysia for the period of 2012-2017. This study validates the existence of target capital structure in Malaysian firms found in previous studies and revealed that the speed of adjustment for the sample firms ranges between 33.6% to 45% annually, depending on the leverage proxies used. |
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