Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia

This study examines the impact of ownership concentration on debt structure. Based on market capitalisation, we obtained financial and governance data from Top 100 public listed companies in Malaysia for the period 2011-2015. Ordinary least squares and fixed-effect panel models were employed for exa...

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Main Authors:	Neshaleni, S. Paramanantham, Irene, Wei Kiong Ting, Qian, Long Kweh
Format:	Article
Language:	English
Published:	University of Malaya 2018
Subjects:	HD28 Management. Industrial Management
Online Access:	http://umpir.ump.edu.my/id/eprint/21361/ http://umpir.ump.edu.my/id/eprint/21361/ http://umpir.ump.edu.my/id/eprint/21361/1/Ownership%20Concentration%20and%20Debt-fim-2018.pdf

id	ump-21361
recordtype	eprints
spelling	ump-213612018-10-11T07:46:11Z http://umpir.ump.edu.my/id/eprint/21361/ Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia Neshaleni, S. Paramanantham Irene, Wei Kiong Ting Qian, Long Kweh HD28 Management. Industrial Management This study examines the impact of ownership concentration on debt structure. Based on market capitalisation, we obtained financial and governance data from Top 100 public listed companies in Malaysia for the period 2011-2015. Ordinary least squares and fixed-effect panel models were employed for examining data. The regression results showed that ownership held by the top five shareholders significantly and negatively affected long term debt and total debt ratios. The results remain qualitatively similar in both estimations using the ordinary least squares and fixed-effect panel models. In summary, this study offers some insights into how concentrated ownership influence corporate debt structure. University of Malaya 2018 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/21361/1/Ownership%20Concentration%20and%20Debt-fim-2018.pdf Neshaleni, S. Paramanantham and Irene, Wei Kiong Ting and Qian, Long Kweh (2018) Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia. Institutions and Economies, 10 (3). pp. 1-13. ISSN 2232-1349 https://ijie.um.edu.my/index.php/ijie/article/view/11946
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Neshaleni, S. Paramanantham Irene, Wei Kiong Ting Qian, Long Kweh Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
description	This study examines the impact of ownership concentration on debt structure. Based on market capitalisation, we obtained financial and governance data from Top 100 public listed companies in Malaysia for the period 2011-2015. Ordinary least squares and fixed-effect panel models were employed for examining data. The regression results showed that ownership held by the top five shareholders significantly and negatively affected long term debt and total debt ratios. The results remain qualitatively similar in both estimations using the ordinary least squares and fixed-effect panel models. In summary, this study offers some insights into how concentrated ownership influence corporate debt structure.
format	Article
author	Neshaleni, S. Paramanantham Irene, Wei Kiong Ting Qian, Long Kweh
author_facet	Neshaleni, S. Paramanantham Irene, Wei Kiong Ting Qian, Long Kweh
author_sort	Neshaleni, S. Paramanantham
title	Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
title_short	Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
title_full	Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
title_fullStr	Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
title_full_unstemmed	Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
title_sort	ownership concentration and debt structure: evidence from top 100 plcs in malaysia
publisher	University of Malaya
publishDate	2018
url	http://umpir.ump.edu.my/id/eprint/21361/ http://umpir.ump.edu.my/id/eprint/21361/ http://umpir.ump.edu.my/id/eprint/21361/1/Ownership%20Concentration%20and%20Debt-fim-2018.pdf
first_indexed	2023-09-18T22:31:18Z
last_indexed	2023-09-18T22:31:18Z
_version_	1777416303548563456

Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia

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