The impact of state affiliated directed on the capital structure speed of adjustment in an emerging market

• Main Authors: Hussain, Hafezali Iqbal, Zainal Abidin, Irwan Shah, Kamarulzaman, Rashidah, Shawtari, Fekri Ali
• Format: Article
• Language: English
• Published: Index Copernicus 2018
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/26327/1/PJMS%2018%201%202018%20133%20148.pdf; http://repo.uum.edu.my/26327/; http://doi.org/10.17512/pjms.2018.18.1.11
• Institution: Universiti Utara Malaysia

This study analyses a unique aspect of the speed of adjustment to optimal debt levels in an emerging market by accounting for the impact of State Affiliated Directors (SAD) on internal governance mechanisms. The paper is motivated based view where firms adjust to reach an optimal level of debt ratio...