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Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia

Maslina, Samiran (2010) Capital Structure Determinants: Empirical Research on Construction Firms in Malaysia. Masters thesis, Universiti Utara Malaysia.

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Abstract

This research is undertaken to identify the capital structure determinants of the construction firms in Malaysia. The research is carried out to ascertain the inter-relationships and the degree of significance between these seven factors which determine the selection of capital structure, i.e. size, profitability, nature of assets (tangibility), non-debt tax shields, liquidity, growth opportunities and tax charge, which incorporates both leverage measures, constituting market leverage ratio level and the book leverage ratio level to relate on which capital structure theory is more applicable to the construction industry players in Malaysia. The outcome of the findings demonstrated that liquidity and growth opportunities are highly negatively significant in determining the capital structure choice of the construction firms in Malaysia, in consistent with the Pecking Order Theory.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Capital Structure, Construction Firms, Malaysia
Subjects: H Social Sciences > HG Finance
Divisions: College of Business (COB)
Depositing User: Mr Husni Ismail
Date Deposited: 05 Dec 2010 09:19
Last Modified: 24 Jul 2013 12:14
URI: http://etd.uum.edu.my/id/eprint/2181

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