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Capital Structure in Malaysian Government-Linked Companies (GLCs): Evidence from Panel Data Analysis
| Content Provider | Semantic Scholar |
|---|---|
| Author | Putek, Erna Sharida Mansor, Wan Mahmood, Wan Mansor Wan Baharuddin, Nurul Syuhada Mahadi, Mohd Izwan Tower, Petronas Twin |
| Copyright Year | 2014 |
| Abstract | In Malaysia, the existent of GLC is relatively new compared to developed economy and its operation is primarily based on commercial objective in which the government has a direct controlling stake. This paper examines the capital structure of 24 government-link companies (GLC) listed on the Bursa Malaysia from 2006 through 2011. Using random effects GLS regression estimation, the results successfully highlight the dominance of the firm size profitability, liquidity and growth on firm’s leverage. Overall, the results suggest that firm-specific attributes are fundamentals in explaining Malaysia GLC capital structures. Notwithstanding, the general recognition that of firmspecific attributes has on capital structure, the other factors such as macroeconomics are also important and should not be excluded for future research. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://textroad.com/pdf/JAEBS/J.%20Appl.%20Environ.%20Biol.%20Sci.,%204(5S)72-75,%202014.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
