Capital Structure of Malaysian Listed Companies
This study was attempted to identify the determinants of Malaysian companies' capital structure, the relationship between profit ability, size, growth opportunities, assets structure and non-debt tax shields with the leverage and to see whether Malaysian companies followed the pecking order the...
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| Format: | Thesis |
| Language: | English English |
| Published: |
2005
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| Online Access: | http://etd.uum.edu.my/1371/1/WAN_MURSYIDAH_BT._WAN_ISMAIL.pdf http://etd.uum.edu.my/1371/2/1.WAN_MURSYIDAH_BT._WAN_ISMAIL.pdf http://etd.uum.edu.my/1371/ |
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| Institution: | Universiti Utara Malaysia |
| Language: | English English |
| Summary: | This study was attempted to identify the determinants of Malaysian companies' capital structure, the relationship between profit ability, size, growth opportunities, assets structure and non-debt tax shields with the leverage and to see whether Malaysian companies followed the pecking order theory in making a decision concerning the capital structure. The findings showed that profitability, non-debt tax shields and size were significant in determining the capital structure. Profit of Malaysian companies gave a significant result and this was consistent with the
pecking order theory. Growth opportunities and assets structure were not significant.
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