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Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms

Link to publisher's homepage at http://ijbt.unimap.edu.my

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Main Author: Mohd Hafiz, Bakar
Other Authors: mohdhafiz.bakar@yahoo.com
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2017
Subjects:
Leasing
Debt finance
Financial constraint
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49158
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id my.unimap-49158
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spelling my.unimap-491582018-07-24T02:55:15Z Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms Mohd Hafiz, Bakar mohdhafiz.bakar@yahoo.com Leasing Debt finance Financial constraint Link to publisher's homepage at http://ijbt.unimap.edu.my The purpose of this study is to analyze the relationship between financial constraint factors that can affect the chosen of leasing for the firm in Malaysia. The sample of data consist of 1150 firms including listed firm, unlisted firm and SMEs with the total number of firm-years observation are 8339. This study covers 7 years period from year 2007 until 2014. The dependent variables are lease ratio and debt ratio while the independent variables are the financial constraint determinant such as internal funds, growth, collateral, and size. This study also include control variables such as uniqueness (R&D expenses), tax loss and macroeconomics factor such as based lending rates (BLR). The results indicate that not all financial constraint firms tend to used lease financing compare to debt financing. It depends on what types of financial constraint that the firm faces. For this analysis, the firm that have financial constraint in internal funds, collateral and size tend to used lease compare to debt financing. However, for the firms have less growth opportunities, it is difficult for them to choose either lease or debt financing because of their future survival. 2017-07-26T03:50:27Z 2017-07-26T03:50:27Z 2016-06 Article International Journal of Business and Technopreneurship, vol.6(2), 2016, pages 189 -208 2231-7090 2232-1543 (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49158 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Leasing
Debt finance
Financial constraint
spellingShingle Leasing
Debt finance
Financial constraint
Mohd Hafiz, Bakar
Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
description Link to publisher's homepage at http://ijbt.unimap.edu.my
author2 mohdhafiz.bakar@yahoo.com
author_facet mohdhafiz.bakar@yahoo.com
Mohd Hafiz, Bakar
format Article
author Mohd Hafiz, Bakar
author_sort Mohd Hafiz, Bakar
title Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
title_short Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
title_full Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
title_fullStr Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
title_full_unstemmed Do Financial Constraints Expand Lease Financing Capacity? In Perspective of Malaysian Firms
title_sort do financial constraints expand lease financing capacity? in perspective of malaysian firms
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2017
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/49158
_version_ 1643804048849108992
score 13.211869

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