Adilbek Tleubayev, Kin Boon Tang, Veronika Koptleuova

Determinants of capital structure

Evidence from Malaysia

• Broschiertes Buch

Produktbeschreibung

This study investigates characteristics of capital structure and use of financing for Malaysian listed companies for the period of 2001-2008. In purpose of identifying the difference of Malaysian capital mix from other countries and testing applicability of major theoretical models, leverage variables were examined using series of firm characteristics including: growth, profitability, size, tangibility, investment opportunities and risk. The results suggest that as in other countries, leverage in Malaysian companies increases with tangibility and size, but decreases with profitability. It was also found that different from findings in other markets, leverage increases with business risk, while growth and investment opportunities have negative impact on short-term debt and positive on long-term debt. The results generally support trade-off and pecking order propositions advocated in theoretical models.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Aufl.
• Seitenzahl: 72
• Erscheinungstermin: 20. Dezember 2011
• Englisch
• Abmessung: 220mm x 150mm x 5mm
• Gewicht: 125g
• ISBN-13: 9783846592182
• ISBN-10: 3846592188
• Artikelnr.: 34690260

Autorenporträt

Adilbek Tleubayev graduated from Kazakhstan Institute of Management, Economics and Strategic Research in 2007 with a bachelor degree in Finance and Accounting. He completed MA in Finance and Investments from Iniversity of Nottingham in Malaysia in 2009. Professionally involved in agricultural business.