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Capital structure of government-linked companies in Malaysia

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dc.citedby40
dc.contributor.authorTing I.W.K.en_US
dc.contributor.authorLean H.H.en_US
dc.contributor.authorid57211409300en_US
dc.contributor.authorid15849147600en_US
dc.date.accessioned2023-12-29T07:46:01Z
dc.date.available2023-12-29T07:46:01Z
dc.date.issued2012
dc.description.abstractThis study investigates the cross-sectional variation in leverage among publicly listed Government Linked Companies (GLCs) and non-GLCs (NGLCs) in Malaysia for the period from 1997 to 2008. The study uses balanced panel data with multivariate regression as the method of analysis. Results reveal that the GLCs are consistently more heavily leveraged than NGLCs. The findings indicate a significantly positive association between debt ratio (DR) and tangible assets but a negative relationship between DR and profitability for both GLCs and NGLCs. However, firm size is significantly negatively related to DR for GLCs and significantly positively related to DR for NGLCs. The study also finds that tangible assets and profitability have an inverse relationship with long-term debt. There is a significant negative association between asset structure, profitability and short-term debt. However, firm growth and cash flow have no influence on the determination of short-term and long-term debt. � Asian Academy of Management and Penerbit Universiti Sains Malaysia, 2011.en_US
dc.description.natureFinalen_US
dc.identifier.epage156
dc.identifier.issue2
dc.identifier.scopus2-s2.0-84862748824
dc.identifier.spage137
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84862748824&partnerID=40&md5=29e7fe32eb8029f6427623d13f13a257
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/30260
dc.identifier.volume7
dc.pagecount19
dc.sourceScopus
dc.sourcetitleAsian Academy of Management Journal of Accounting and Finance
dc.subjectCapital structure
dc.subjectDebt ratios
dc.subjectGLCs
dc.subjectMalaysia
dc.subjectNGLCs
dc.titleCapital structure of government-linked companies in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication
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