Factors influencing the financial performance of listed property companies in Malaysia
The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q...
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| المؤلف الرئيسي: | |
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| التنسيق: | أطروحة |
| اللغة: | eng eng eng eng |
| منشور في: |
2020
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf https://etd.uum.edu.my/10340/2/s823642_01.pdf https://etd.uum.edu.my/10340/3/s823642_02.pdf https://etd.uum.edu.my/10340/4/references_s823642.docx |
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my-uum-etd.103402023-03-01T04:09:05Z Factors influencing the financial performance of listed property companies in Malaysia 2020 Sim, Khim Teing Wong, Woei Chyuan School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q ratio. This research finds firm size, asset growth and liquidity (cash holdings) to be positive and significantly related to individual firms’ operating performance measured by ROA and ROE. These findings are consistent with the prediction of financial distress where firms that are larger in size, more liquid and experience greater growth opportunities are associated with higher operating profits. Leverage on the other hand is negative and significantly related to ROA and ROE. These findings are consistent with the prediction of trade-off theory where firm’s trade-off between the tax shield benefits and bankruptcy costs from using debt. Similarly, liquidity and asset growth variables are found to be positive and significantly related firm valuation measured by Tobin’s Q ratio. Interestingly, firm size and debt ratio are found to be negative and positively related to Tobin’s Q. These findings are contrary to the findings from ROA and ROE equations. 2020 Thesis https://etd.uum.edu.my/10340/ https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf text eng staffonly https://etd.uum.edu.my/10340/2/s823642_01.pdf text eng staffonly https://etd.uum.edu.my/10340/3/s823642_02.pdf text eng staffonly https://etd.uum.edu.my/10340/4/references_s823642.docx text eng public other masters Universiti Utara Malaysia |
| institution |
Universiti Utara Malaysia |
| collection |
UUM ETD |
| language |
eng eng eng eng |
| advisor |
Wong, Woei Chyuan |
| topic |
HG Finance |
| spellingShingle |
HG Finance Sim, Khim Teing Factors influencing the financial performance of listed property companies in Malaysia |
| description |
The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q ratio. This research finds firm size, asset growth and liquidity (cash holdings) to be positive and significantly related to individual firms’ operating performance measured by ROA and ROE. These findings are consistent with the prediction of financial distress where firms that are larger in size, more liquid and experience greater growth opportunities are associated with higher operating profits. Leverage on the other hand is negative and significantly related to ROA and ROE. These findings are consistent with the prediction of trade-off theory where firm’s trade-off between the tax shield benefits and bankruptcy costs from using debt. Similarly, liquidity and asset growth variables are found to be positive and significantly related firm valuation measured by Tobin’s Q ratio. Interestingly, firm size and debt ratio are found to be negative and positively related to Tobin’s Q. These findings are contrary to the findings from ROA and ROE equations. |
| format |
Thesis |
| qualification_name |
other |
| qualification_level |
Master's degree |
| author |
Sim, Khim Teing |
| author_facet |
Sim, Khim Teing |
| author_sort |
Sim, Khim Teing |
| title |
Factors influencing the financial performance of listed property companies in Malaysia |
| title_short |
Factors influencing the financial performance of listed property companies in Malaysia |
| title_full |
Factors influencing the financial performance of listed property companies in Malaysia |
| title_fullStr |
Factors influencing the financial performance of listed property companies in Malaysia |
| title_full_unstemmed |
Factors influencing the financial performance of listed property companies in Malaysia |
| title_sort |
factors influencing the financial performance of listed property companies in malaysia |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
School of Economics, Finance & Banking |
| publishDate |
2020 |
| url |
https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf https://etd.uum.edu.my/10340/2/s823642_01.pdf https://etd.uum.edu.my/10340/3/s823642_02.pdf https://etd.uum.edu.my/10340/4/references_s823642.docx |
| _version_ |
1776103795021840384 |