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The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies

Yıl 2014, Cilt: 4 Sayı: 4, 930 - 945, 01.12.2014

Siti Nur Aqilah Ab Wahab Nur Ainna Ramli

Öz

In this study, we explore how the debt equity choices of Listed Malaysian Government linked Companies (GLCs) are influenced by the firm specific characteristics and macroeconomic variables using a sample of 13 GLCs from 1997 to 2009. Two elements of leverage, book value of total debt ratio (BVTDR) and long term debt ratio (BVLTDR), were used to check for any significant changes in corporate financing and found mixed results. Tangibility and firm size are the most significant variables to determine the corporate financing of GLCs. Liquidity and interest rate are negatively significant with BVTDR and BVLTDR, respectively.The study concluded that profitability is inconsequential in determining corporate financing; inconsistent with the findings of previous Malaysian studies. With the proper design of capital structure and intervention from the government, the study also concludes that GLCs are rely less on leverage to support their investment activities.

Anahtar Kelimeler

Capital structure Pecking Order Theory Trade-Off Theory

Yıl 2014, Cilt: 4 Sayı: 4, 930 - 945, 01.12.2014

Siti Nur Aqilah Ab Wahab Nur Ainna Ramli

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA66HU47RU
Bölüm Araştırma Makalesi
Yazarlar

Siti Nur Aqilah Ab Wahab Bu kişi benim

Nur Ainna Ramli Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 4

Kaynak Göster

APA Wahab, S. N. A. A., & Ramli, N. A. (2014). The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies. International Journal of Economics and Financial Issues, 4(4), 930-945.
AMA Wahab SNAA, Ramli NA. The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies. IJEFI. Aralık 2014;4(4):930-945.
Chicago Wahab, Siti Nur Aqilah Ab, ve Nur Ainna Ramli. “The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies”. International Journal of Economics and Financial Issues 4, sy. 4 (Aralık 2014): 930-45.
EndNote Wahab SNAA, Ramli NA (01 Aralık 2014) The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies. International Journal of Economics and Financial Issues 4 4 930–945.
IEEE S. N. A. A. Wahab ve N. A. Ramli, “The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies”, IJEFI, c. 4, sy. 4, ss. 930–945, 2014.
ISNAD Wahab, Siti Nur Aqilah Ab - Ramli, Nur Ainna. “The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies”. International Journal of Economics and Financial Issues 4/4 (Aralık 2014), 930-945.
JAMA Wahab SNAA, Ramli NA. The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies. IJEFI. 2014;4:930–945.
MLA Wahab, Siti Nur Aqilah Ab ve Nur Ainna Ramli. “The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies”. International Journal of Economics and Financial Issues, c. 4, sy. 4, 2014, ss. 930-45.
Vancouver Wahab SNAA, Ramli NA. The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies. IJEFI. 2014;4(4):930-45.