Do Singapore listed manufacturing firms follow pecking order theory?
This study examines the determinants of Singapore listed manufacturing firms from 2005 until 2009. The main objective of this study is to examine the determinants of capital structure for Singapore listed manufacturing companies. The results show that profitability and tangibility are significant...
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| Main Author: | |
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| Format: | Final Year Project Report |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, (UNIMAS)
2011
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| Online Access: | http://ir.unimas.my/id/eprint/6407/10/DO%20SINGAPORE%20LISTED%20MANUFACTURING%20FIRMS%20FOLLOW%20PECKING%20ORDER%20THEORY%28OCR%29.pdf http://ir.unimas.my/id/eprint/6407/ |
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| Summary: | This study examines the determinants of Singapore listed manufacturing
firms from 2005 until 2009. The main objective of this study is to examine the
determinants of capital structure for Singapore listed manufacturing companies. The
results show that profitability and tangibility are significant negatively related with
the debt ratio. In contrast, growth is significant positively correlated with the debt
ratio. However, although firm size is positively correlated with debt ratio but it is
insignificant to determine the choice of capital structure. It is found that Singapore
listed manufacturing firms are more to Pecking Order theory. |
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