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Determinants of capital structure adjustment speed in the Malaysia property industry

Sharala Nair, Achudan (2020) Determinants of capital structure adjustment speed in the Malaysia property industry. Masters thesis, Universiti Utara Malaysia.

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Abstract

The main focus of this study is to examine the firm’s size, firm’s growth opportunity, firm’s profitability, corporate taxation, corruption, and political stability and the absence of violence impacts on capital structure adjustment speed in the Malaysia property industry. This research is conducted on the 70 listed property companies in Malaysia and the data was collected from the Bursa Malaysia website and the World Bank website using a data stream. Findings of the research revealed that only two (2) out of six variables having a significant relationship with the firm’s capital structure adjustment speed, which are the firm’s growth opportunity and firm’s profitability. A firm with a higher growth opportunity will need more funds to finance their growing investment opportunity as internally generated funds usually not enough to meet the growing opportunity. Higher growth firms will frequently visit the financial market to meet their financing requirements. On the other hand, a profitable firm will prefer to use external sources of funds rather than internal funding to benefits from the tax deduction of interest expense on debt financing.

Item Type: Thesis (Masters)
Supervisor : Abdul Wahab, Noor Maimun
Item ID: 10335
Uncontrolled Keywords: capital structure, capital structure adjustment speed, firm’s size, firm’s growth opportunity, firm’s profitability, corporate taxation, corruption, political stability and absence of violence
Subjects: H Social Sciences > HD Industries. Land use. Labor.
H Social Sciences > HG Finance
Divisions: School of Economics, Finance & Banking
Date Deposited: 01 Mar 2023 08:27
Last Modified: 01 Mar 2023 08:27
Department: School of Economics, Finance & Banking
Name: Abdul Wahab, Noor Maimun
URI: https://etd.uum.edu.my/id/eprint/10335

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