Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia

This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size,...

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Main Author: Maslina, Samiran
Format: Thesis
Language:English
English
Published: 2010
Subjects:
Online Access:http://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf
http://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf
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Institution: Universiti Utara Malaysia
Language: English
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spelling my.uum.etd.21812013-07-24T12:14:47Z http://etd.uum.edu.my/2181/ Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia Maslina, Samiran HG Finance This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size, profitability, nature of assets (tangibility), non-debt tax shields, liquidity, growth opportunities and tax charge, which incorporates both leverage measures, constituting market leverage ratio level and the book leverage ratio level to relate on which capital structure theory is more applicable to the construction industry players in Malaysia. The outcome of the findings demonstrated that liquidity and growth opportunities are highly negatively significant in determining the capital structure choice of the construction firms in Malaysia, in consistent with the Pecking Order Theory. 2010-05 Thesis NonPeerReviewed application/pdf en http://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf application/pdf en http://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf Maslina, Samiran (2010) Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia. Masters thesis, Universiti Utara Malaysia. http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000759291
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Maslina, Samiran
Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
description This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size, profitability, nature of assets (tangibility), non-debt tax shields, liquidity, growth opportunities and tax charge, which incorporates both leverage measures, constituting market leverage ratio level and the book leverage ratio level to relate on which capital structure theory is more applicable to the construction industry players in Malaysia. The outcome of the findings demonstrated that liquidity and growth opportunities are highly negatively significant in determining the capital structure choice of the construction firms in Malaysia, in consistent with the Pecking Order Theory.
format Thesis
author Maslina, Samiran
author_facet Maslina, Samiran
author_sort Maslina, Samiran
title Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
title_short Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
title_full Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
title_fullStr Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
title_full_unstemmed Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia
title_sort capital structure determinants: empirical research on construction firms in malaysia
publishDate 2010
url http://etd.uum.edu.my/2181/1/Maslina_Samiran.pdf
http://etd.uum.edu.my/2181/2/1.Maslina_Samiran.pdf
http://etd.uum.edu.my/2181/
http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000759291
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