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The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari

Corporate governance becomes actively debated over the last decade in analysing the influences on the company's financial decision. Good corporate governance practices possibly will have significant influence in making strategic decisions especially on financial structure of the company, that a...

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主要作者: Juhari, Zuria
格式: Thesis
语言:English
出版: 2015
主题:
Financial management. Business finance. Corporation finance
在线阅读:https://ir.uitm.edu.my/id/eprint/82978/1/82978.pdf
https://ir.uitm.edu.my/id/eprint/82978/
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spelling my.uitm.ir.829782023-09-15T03:14:08Z https://ir.uitm.edu.my/id/eprint/82978/ The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari Juhari, Zuria Financial management. Business finance. Corporation finance Corporate governance becomes actively debated over the last decade in analysing the influences on the company's financial decision. Good corporate governance practices possibly will have significant influence in making strategic decisions especially on financial structure of the company, that are taken by board of director. As a result of financial structure decision, there has been an existence of agency conflicts between ownership and management team. Agency theory suggests that there should have a separation of control between principal and agent, so that agent will act on behalf of principal in managing company's resources. Therefore, corporate governance is used as an important tool to mitigate this agency costs. Ordinary Least-squares (OLS) regression is used to investigate the influence of corporate governance variables on company's financial structure decision. The variables of corporate governance mechanisms measures in this thesis are board size, directors' remuneration, CEO duality, tenure of CEO and institutional ownership, while control variable represented by firm size. In addition, financial structure is measured by debt to equity ratio. The main objective of this thesis is to examine the type of financial structure decision among Malaysian companies whereas the second objective is to investigate the relationship between corporate governance mechanisms and financial structure. The results indicate that directors' remuneration has a positive significant relationship with financial structure decision for Malaysian companies. Board size, CEO duality, CEO tenure, and institutional ownership have positively insignificant relationship with the financial structure of the company in Malaysia. Firm size as a control variable used in this thesis has a significant relationship with the financial structure decisions. Overall, most of Malaysian companies prefer to use debt to finance company's operation rather than equity issuance. Keyword: Financial Structure, Corporate Governance, Debt to Equity, Bursa Malaysia. 2015 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/82978/1/82978.pdf The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari. (2015) Masters thesis, thesis, Universiti Teknologi MARA, Sabah.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Financial management. Business finance. Corporation finance
spellingShingle Financial management. Business finance. Corporation finance
Juhari, Zuria
The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
description Corporate governance becomes actively debated over the last decade in analysing the influences on the company's financial decision. Good corporate governance practices possibly will have significant influence in making strategic decisions especially on financial structure of the company, that are taken by board of director. As a result of financial structure decision, there has been an existence of agency conflicts between ownership and management team. Agency theory suggests that there should have a separation of control between principal and agent, so that agent will act on behalf of principal in managing company's resources. Therefore, corporate governance is used as an important tool to mitigate this agency costs. Ordinary Least-squares (OLS) regression is used to investigate the influence of corporate governance variables on company's financial structure decision. The variables of corporate governance mechanisms measures in this thesis are board size, directors' remuneration, CEO duality, tenure of CEO and institutional ownership, while control variable represented by firm size. In addition, financial structure is measured by debt to equity ratio. The main objective of this thesis is to examine the type of financial structure decision among Malaysian companies whereas the second objective is to investigate the relationship between corporate governance mechanisms and financial structure. The results indicate that directors' remuneration has a positive significant relationship with financial structure decision for Malaysian companies. Board size, CEO duality, CEO tenure, and institutional ownership have positively insignificant relationship with the financial structure of the company in Malaysia. Firm size as a control variable used in this thesis has a significant relationship with the financial structure decisions. Overall, most of Malaysian companies prefer to use debt to finance company's operation rather than equity issuance. Keyword: Financial Structure, Corporate Governance, Debt to Equity, Bursa Malaysia.
format Thesis
author Juhari, Zuria
author_facet Juhari, Zuria
author_sort Juhari, Zuria
title The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
title_short The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
title_full The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
title_fullStr The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
title_full_unstemmed The relationship between corporate governance mechanisms and financial structure decision / Zuria Juhari
title_sort relationship between corporate governance mechanisms and financial structure decision / zuria juhari
publishDate 2015
url https://ir.uitm.edu.my/id/eprint/82978/1/82978.pdf
https://ir.uitm.edu.my/id/eprint/82978/
_version_ 1778165927464927232
score 13.250246

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