Internationalization and capital structures empirical evidence : from Malaysia public listed manufacturing firms / Arison Ho Sel Chuan

Ho, Arison Sel Chuan (2013) Internationalization and capital structures empirical evidence : from Malaysia public listed manufacturing firms / Arison Ho Sel Chuan. Masters thesis, University of Malaya.

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        Abstract

        This investigation attempts to examine the determinants of capital structure for internationalized manufacturing firms that are listed on Bursa Malaysia. Firm-related characteristic variables namely internationalization, firm size, profitability, company growth and tangibility over period 2007-2011 are tested their relationship with debt ratio of firms by using panel data with under Pooled OLS and Fixed Effects Model. The results showed that firm size and tangibility are significantly positively related with debt ratio while internationalization, profitability and company growth are significantly inversely related with debt ratio. The findings indicate that the static trade-off theory, pecking-order theory and agency theory are pertinent in Malaysia situation.

        Item Type: Thesis (Masters)
        Additional Information: Submitted to the Graduate School of Business Faculty of Business and Accountancy University of Malaya, in partial fulfillment of the requirement for the degree of Master of Business Administration
        Uncontrolled Keywords: Capital structure; Bursa Malaysia; Manufacturing firms Internationalization; Manufacturing firms Capital structure
        Subjects: H Social Sciences > HD Industries. Land use. Labor
        H Social Sciences > HF Commerce
        Divisions: Faculty of Business and Accountancy
        Depositing User: Ms Rabiahtul Adauwiyah
        Date Deposited: 20 Jun 2013 10:01
        Last Modified: 16 Aug 2013 17:20
        URI: http://studentsrepo.um.edu.my/id/eprint/4037

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