Debt and firm value in Malaysia: A panel threshold regression analysis
There have been number of studies discussing the optimal level of capital structure since the seminal work of Modigliani and Miller (1958).In this study, we examine whether an optimal level of debt exist at which a firm could maximize its value.An advanced panel threshold regression model by Hansen...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2011
|
| Subjects: | |
| Online Access: | http://repo.uum.edu.my/15418/1/06088791.pdf http://repo.uum.edu.my/15418/ http://doi.org/10.1109/ISBEIA.2011.6088791 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Universiti Utara Malaysia |
| Language: | English |
| id |
my.uum.repo.15418 |
|---|---|
| record_format |
eprints |
| spelling |
my.uum.repo.154182016-04-24T00:15:58Z http://repo.uum.edu.my/15418/ Debt and firm value in Malaysia: A panel threshold regression analysis Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau HG Finance There have been number of studies discussing the optimal level of capital structure since the seminal work of Modigliani and Miller (1958).In this study, we examine whether an optimal level of debt exist at which a firm could maximize its value.An advanced panel threshold regression model by Hansen (1999) is employed to test the effect of debt ratio on the firm value among Malaysian listed firms from 2005 to 2009. The findings from this study show that additional debt beyond the threshold level does not add to a firm value. 2011 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/15418/1/06088791.pdf Ahmad, Abd Halim @ Hamilton and Abdullah, Nur Adiana Hiau (2011) Debt and firm value in Malaysia: A panel threshold regression analysis. In: IEEE Symposium on Business, Engineering and Industrial Applications (ISBEIA), 25-28 Sept. 2011, Langkawi, Malaysia. http://doi.org/10.1109/ISBEIA.2011.6088791 doi:10.1109/ISBEIA.2011.6088791 |
| institution |
Universiti Utara Malaysia |
| building |
UUM Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Utara Malaysia |
| content_source |
UUM Institutionali Repository |
| url_provider |
http://repo.uum.edu.my/ |
| language |
English |
| topic |
HG Finance |
| spellingShingle |
HG Finance Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau Debt and firm value in Malaysia: A panel threshold regression analysis |
| description |
There have been number of studies discussing the optimal level of capital structure since the seminal work of Modigliani and Miller (1958).In this study, we examine whether an optimal level of debt exist at which a firm could maximize its value.An advanced panel threshold regression model by Hansen (1999) is employed to test the effect of debt ratio on the firm value among Malaysian listed firms from 2005 to 2009. The findings from this study show that additional debt beyond the threshold level does not add to a firm value. |
| format |
Conference or Workshop Item |
| author |
Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau |
| author_facet |
Ahmad, Abd Halim @ Hamilton Abdullah, Nur Adiana Hiau |
| author_sort |
Ahmad, Abd Halim @ Hamilton |
| title |
Debt and firm value in Malaysia: A panel threshold regression analysis |
| title_short |
Debt and firm value in Malaysia: A panel threshold regression analysis |
| title_full |
Debt and firm value in Malaysia: A panel threshold regression analysis |
| title_fullStr |
Debt and firm value in Malaysia: A panel threshold regression analysis |
| title_full_unstemmed |
Debt and firm value in Malaysia: A panel threshold regression analysis |
| title_sort |
debt and firm value in malaysia: a panel threshold regression analysis |
| publishDate |
2011 |
| url |
http://repo.uum.edu.my/15418/1/06088791.pdf http://repo.uum.edu.my/15418/ http://doi.org/10.1109/ISBEIA.2011.6088791 |
| _version_ |
1644281712519151616 |