Capital Structure of Malaysian Listed Companies

• Main Author: Wan Mursyidah, Wan Ismail
• Format: Thesis
• Language: English; English
• Published: 2005
• Subjects: HG Finance
• Online Access: http://etd.uum.edu.my/1371/1/WAN_MURSYIDAH_BT._WAN_ISMAIL.pdf; http://etd.uum.edu.my/1371/2/1.WAN_MURSYIDAH_BT._WAN_ISMAIL.pdf; http://etd.uum.edu.my/1371/

This study was attempted to identify the determinants of Malaysian companies' capital structure, the relationship between profit ability, size, growth opportunities, assets structure and non-debt tax shields with the leverage and to see whether Malaysian companies followed the pecking order theory in making a decision concerning the capital structure. The findings showed that profitability, non-debt tax shields and size were significant in determining the capital structure. Profit of Malaysian companies gave a significant result and this was consistent with the pecking order theory. Growth opportunities and assets structure were not significant.