Debt maturity and stock returns: an inter-sectoral comparison of Malaysian firms

• Main Authors: Lau, Wei Theng, Law, Siong Hook, Md Nassir, Annuar
• Format: Article
• Language: English
• Published: Asian Academy of Management (AAM) and Penerbit Universiti Sains Malaysia 2016
• Online Access: http://psasir.upm.edu.my/id/eprint/56410/1/Debt%20maturity%20and%20stock%20returns%20an%20inter-sectoral%20comparison%20of%20Malaysian%20firms.pdf; http://psasir.upm.edu.my/id/eprint/56410/; http://web.usm.my/journal/aamjaf/vol12_2_2016.html

This firm-level study examines whether the effects of financial leverage on stock returns of 12 Bursa Malaysian sectors can be explained by debt maturity. When total leverage is used, only 3 out of 12 sectors exhibit a significant relationship with stock returns. However, when the leverage is divide...