Benjie, Lee Chien Jiang (2014) Debt maturity structure of low and high Tobin's Q firms. Masters thesis, Universiti Utara Malaysia.
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Abstract
This study examines the effects of growth in influencing debt maturity structure of Malaysian companies. The result shows that growth firms with high Tobin’s Q are indifferent between short-term and long-term debt financing. However, the relationship between growth and debt maturity is negatively related for firms with low Tobin’s Q. Therefore, this implies that growth firms with high Tobin’s Q do not make use of debt maturity structure to mitigate the agency cost of debt caused by underinvestment problem, while growth firms with low Tobin’s Q maintain higher levels of short-term debt, but lower levels of long-term debt to mitigate agency cost of equity caused by overinvestment problem
Item Type: | Thesis (Masters) |
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Supervisor : | Khaw, Lee Hwei |
Item ID: | 4714 |
Uncontrolled Keywords: | Debt Maturity; Growth; Tobin’s Q; Agency cost |
Subjects: | H Social Sciences > HG Finance |
Divisions: | Othman Yeop Abdullah Graduate School of Business |
Date Deposited: | 30 Jun 2015 02:42 |
Last Modified: | 10 Apr 2022 00:48 |
Department: | Othman Yeop Abdullah Graduate School of Business |
Name: | Khaw, Lee Hwei |
URI: | https://etd.uum.edu.my/id/eprint/4714 |