Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri

The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structu...

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Main Author:	Bakri, Siti Fadzlina
Format:	Thesis
Language:	English
Published:	2011
Online Access:	http://ir.uitm.edu.my/id/eprint/17194/ http://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf

id	uitm-17194
recordtype	eprints
spelling	uitm-171942018-11-21T04:33:55Z http://ir.uitm.edu.my/id/eprint/17194/ Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri Bakri, Siti Fadzlina The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structure by testing the determinants developed by prior theories of capital structure such as trade-off theory and pecking order theory. It also includes determinants from other literature. Samples of the study comprise of 77 companies being listed in Bursa Malaysia main market for the period of five years from 2005 to 2009. The results of the study show that Malaysian PLCs employ low debt level whereby the debt ratio is less than 50%. Then, the study used panel Ordinary Least Square regression analysis to examine the relationship between debt ratio and capital structure determinants. The result shows that size and growth opportunities of the companies have a positive relationship towards both total debt ratio and long-term debt ratio. Liquidity position however reveals a negative relationship while asset tangibility shows an insignificant result. In addition, this study also creates industry dummies to examine whether industry classification would influence the capital structure among Malaysian PLCs. It reveals the same results as before the industry dummies were input into the regression except that, growth opportunities become insignificant towards the long term-debt. 2011 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf Bakri, Siti Fadzlina (2011) Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri. Masters thesis, Universiti Teknologi MARA.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	The main objective of this study is to examine the level debt employed among Malaysian Public Listed Companies (PLCs). To achieve this objective, this study examines the debt ratio of Malaysian PLCs for both total debts and long-term debt. This study also examines the determinants of capital structure by testing the determinants developed by prior theories of capital structure such as trade-off theory and pecking order theory. It also includes determinants from other literature. Samples of the study comprise of 77 companies being listed in Bursa Malaysia main market for the period of five years from 2005 to 2009. The results of the study show that Malaysian PLCs employ low debt level whereby the debt ratio is less than 50%. Then, the study used panel Ordinary Least Square regression analysis to examine the relationship between debt ratio and capital structure determinants. The result shows that size and growth opportunities of the companies have a positive relationship towards both total debt ratio and long-term debt ratio. Liquidity position however reveals a negative relationship while asset tangibility shows an insignificant result. In addition, this study also creates industry dummies to examine whether industry classification would influence the capital structure among Malaysian PLCs. It reveals the same results as before the industry dummies were input into the regression except that, growth opportunities become insignificant towards the long term-debt.
format	Thesis
author	Bakri, Siti Fadzlina
spellingShingle	Bakri, Siti Fadzlina Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
author_facet	Bakri, Siti Fadzlina
author_sort	Bakri, Siti Fadzlina
title	Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
title_short	Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
title_full	Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
title_fullStr	Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
title_full_unstemmed	Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri
title_sort	capital structure: evidence from malaysian public listed companies / siti fadzlina bakri
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/17194/ http://ir.uitm.edu.my/id/eprint/17194/2/TM_SITI%20FADZLINA%20BAKRI%20AC%2011_5.pdf
first_indexed	2023-09-18T22:57:45Z
last_indexed	2023-09-18T22:57:45Z
_version_	1777417968261529600

Capital structure: evidence from Malaysian Public Listed Companies / Siti Fadzlina Bakri

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