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The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective

This paper the presents an evaluation of capital structure against the backdrop of Malaysian corporate sustainability by examining the link between capital structure and firm financial sustainability. The study employed 500 firm-years data in the main market of Bursa Malaysia from 2018 to 2022 and a...

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Main Authors: Damien Lee, Lung Yau, Jang, Jwu Tiang, Mohd Waliuddin, Mohd Razali, Ibrahim, Mohd Sabrun
Format: Proceeding
Language:English
Published: 2024
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/46102/3/FEBS%20CONFERENCE%202024%20-%20Copy.pdf
http://ir.unimas.my/id/eprint/46102/
https://www.conference.unimas.my/febs2024/en/
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spelling my.unimas.ir.461022024-09-20T08:16:12Z http://ir.unimas.my/id/eprint/46102/ The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective Damien Lee, Lung Yau Jang, Jwu Tiang Mohd Waliuddin, Mohd Razali Ibrahim, Mohd Sabrun H Social Sciences (General) This paper the presents an evaluation of capital structure against the backdrop of Malaysian corporate sustainability by examining the link between capital structure and firm financial sustainability. The study employed 500 firm-years data in the main market of Bursa Malaysia from 2018 to 2022 and analyzed the results using multivariate regression analyses. Debt ratio does not support firms’ financial sustainability could be due to the companies’ borrowings do not generate sufficient profit to cover its costs for pre and during Covid-19 periods. During Covid-19 period shows that the debt ratio is negatively correlated with higher magnitude to the firms’ financial sustainability, mainly due to higher companies’ debts distress during the pandemic period. Similarly, both short-term and long-term debts do not bring firms’ financial sustainability. On the other hand, this study found that a bigger firm size improved the firms’ financial sustainability. These findings help the corporate managers to do capital structure decision and policymakers to formulate incentives to promote sustainable capital structure among Malaysian corporations. 2024-09-20 Proceeding PeerReviewed text en http://ir.unimas.my/id/eprint/46102/3/FEBS%20CONFERENCE%202024%20-%20Copy.pdf Damien Lee, Lung Yau and Jang, Jwu Tiang and Mohd Waliuddin, Mohd Razali and Ibrahim, Mohd Sabrun (2024) The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective. In: The Finance, Economics, and Business Sustainability Conference (FEBS) 2024, 18-20 November 2024, Hilton Hotel, Kuching, Sarawak, Malaysia. (In Press) https://www.conference.unimas.my/febs2024/en/
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Damien Lee, Lung Yau
Jang, Jwu Tiang
Mohd Waliuddin, Mohd Razali
Ibrahim, Mohd Sabrun
The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
description This paper the presents an evaluation of capital structure against the backdrop of Malaysian corporate sustainability by examining the link between capital structure and firm financial sustainability. The study employed 500 firm-years data in the main market of Bursa Malaysia from 2018 to 2022 and analyzed the results using multivariate regression analyses. Debt ratio does not support firms’ financial sustainability could be due to the companies’ borrowings do not generate sufficient profit to cover its costs for pre and during Covid-19 periods. During Covid-19 period shows that the debt ratio is negatively correlated with higher magnitude to the firms’ financial sustainability, mainly due to higher companies’ debts distress during the pandemic period. Similarly, both short-term and long-term debts do not bring firms’ financial sustainability. On the other hand, this study found that a bigger firm size improved the firms’ financial sustainability. These findings help the corporate managers to do capital structure decision and policymakers to formulate incentives to promote sustainable capital structure among Malaysian corporations.
format Proceeding
author Damien Lee, Lung Yau
Jang, Jwu Tiang
Mohd Waliuddin, Mohd Razali
Ibrahim, Mohd Sabrun
author_facet Damien Lee, Lung Yau
Jang, Jwu Tiang
Mohd Waliuddin, Mohd Razali
Ibrahim, Mohd Sabrun
author_sort Damien Lee, Lung Yau
title The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
title_short The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
title_full The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
title_fullStr The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
title_full_unstemmed The Nexus Between Debt Structure and Firm Financial Sustainability in Malaysia : A Pandemic Perspective
title_sort nexus between debt structure and firm financial sustainability in malaysia : a pandemic perspective
publishDate 2024
url http://ir.unimas.my/id/eprint/46102/3/FEBS%20CONFERENCE%202024%20-%20Copy.pdf
http://ir.unimas.my/id/eprint/46102/
https://www.conference.unimas.my/febs2024/en/
_version_ 1811601980106211328
score 13.211869

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