Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek
Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefo...
Saved in:
Main Author: | |
---|---|
Format: | Thesis |
Language: | English |
Published: |
2013
|
Subjects: | |
Online Access: | https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my-uitm-ir.92171 |
---|---|
record_format |
uketd_dc |
spelling |
my-uitm-ir.921712024-03-15T07:36:19Z Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek 2013 Putek, Erna Sharida Investment companies. Investment trusts. Mutual funds Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefore, this study is designed to investigate which theories is the most dominant in Capital structure decision. Several factors such as firm size, profitability, liquidity and growth have been analysed. A set of panel data for a 6 year period (2006-2011), which consists of data from Government-Linked Companies (GLCs) has been used. Based on the Random Effects GLS Regression estimation, the results successfully highlight on the dominance of the firm size and growth. This is because large firm tend to be more diversified in their investment. Growth were significant because tend to borrow on short term basis. For future studies, it is proposed to have a lot of Government-Linked Companies to be analysis. 2013 Thesis https://ir.uitm.edu.my/id/eprint/92171/ https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf text en public degree Universiti Teknologi MARA, Terengganu Faculty Of Business Management Wan Mahmood, Wan Mansor |
institution |
Universiti Teknologi MARA |
collection |
UiTM Institutional Repository |
language |
English |
advisor |
Wan Mahmood, Wan Mansor |
topic |
Investment companies Investment trusts Mutual funds |
spellingShingle |
Investment companies Investment trusts Mutual funds Putek, Erna Sharida Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
description |
Capital structure becomes the mainstream theme of corporate finance. The Modigliani-Miller known as MM theory define capital structure do not affects firms financing. There were three theory for capital structure, firstly static trade-off theory, pecking order theory and agency costs theory. Therefore, this study is designed to investigate which theories is the most dominant in Capital structure decision. Several factors such as firm size, profitability, liquidity and growth have been analysed. A set of panel data for a 6 year period (2006-2011), which consists of data from Government-Linked Companies (GLCs) has been used. Based on the Random Effects GLS Regression estimation, the results successfully highlight on the dominance of the firm size and growth. This is because large firm tend to be more diversified in their investment. Growth were significant because tend to borrow on short term basis. For future studies, it is proposed to have a lot of Government-Linked Companies to be analysis. |
format |
Thesis |
qualification_level |
Bachelor degree |
author |
Putek, Erna Sharida |
author_facet |
Putek, Erna Sharida |
author_sort |
Putek, Erna Sharida |
title |
Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
title_short |
Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
title_full |
Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
title_fullStr |
Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
title_full_unstemmed |
Capital structure in Malaysia Government-Linked Companies (GLCs) / Erna Sharida Putek |
title_sort |
capital structure in malaysia government-linked companies (glcs) / erna sharida putek |
granting_institution |
Universiti Teknologi MARA, Terengganu |
granting_department |
Faculty Of Business Management |
publishDate |
2013 |
url |
https://ir.uitm.edu.my/id/eprint/92171/1/92171.pdf |
_version_ |
1794192265045868544 |