Cover Image

Factors influencing the financial performance of listed property companies in Malaysia

The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q...

Full description

Saved in:
Bibliographic Details
Main Author: Sim, Khim Teing
Format: Thesis
Language:English
English
English
English
Published: 2020
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf
https://etd.uum.edu.my/10340/2/s823642_01.pdf
https://etd.uum.edu.my/10340/3/s823642_02.pdf
https://etd.uum.edu.my/10340/4/references_s823642.docx
https://etd.uum.edu.my/10340/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.etd.10340
record_format eprints
spelling my.uum.etd.103402023-03-01T04:09:05Z https://etd.uum.edu.my/10340/ Factors influencing the financial performance of listed property companies in Malaysia Sim, Khim Teing HG Finance The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q ratio. This research finds firm size, asset growth and liquidity (cash holdings) to be positive and significantly related to individual firms’ operating performance measured by ROA and ROE. These findings are consistent with the prediction of financial distress where firms that are larger in size, more liquid and experience greater growth opportunities are associated with higher operating profits. Leverage on the other hand is negative and significantly related to ROA and ROE. These findings are consistent with the prediction of trade-off theory where firm’s trade-off between the tax shield benefits and bankruptcy costs from using debt. Similarly, liquidity and asset growth variables are found to be positive and significantly related firm valuation measured by Tobin’s Q ratio. Interestingly, firm size and debt ratio are found to be negative and positively related to Tobin’s Q. These findings are contrary to the findings from ROA and ROE equations. 2020 Thesis NonPeerReviewed text en https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf text en https://etd.uum.edu.my/10340/2/s823642_01.pdf text en https://etd.uum.edu.my/10340/3/s823642_02.pdf text en https://etd.uum.edu.my/10340/4/references_s823642.docx Sim, Khim Teing (2020) Factors influencing the financial performance of listed property companies in Malaysia. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
English
topic HG Finance
spellingShingle HG Finance
Sim, Khim Teing
Factors influencing the financial performance of listed property companies in Malaysia
description The research aims to examine the effect of leverage, firm size, asset growth (growth opportunities), and liquidity on the financial performance of listed property companies in Malaysia from 2005 until 2018. Firm performance is measured by return on assets (ROA), return on equity (ROE) and Tobin’s Q ratio. This research finds firm size, asset growth and liquidity (cash holdings) to be positive and significantly related to individual firms’ operating performance measured by ROA and ROE. These findings are consistent with the prediction of financial distress where firms that are larger in size, more liquid and experience greater growth opportunities are associated with higher operating profits. Leverage on the other hand is negative and significantly related to ROA and ROE. These findings are consistent with the prediction of trade-off theory where firm’s trade-off between the tax shield benefits and bankruptcy costs from using debt. Similarly, liquidity and asset growth variables are found to be positive and significantly related firm valuation measured by Tobin’s Q ratio. Interestingly, firm size and debt ratio are found to be negative and positively related to Tobin’s Q. These findings are contrary to the findings from ROA and ROE equations.
format Thesis
author Sim, Khim Teing
author_facet Sim, Khim Teing
author_sort Sim, Khim Teing
title Factors influencing the financial performance of listed property companies in Malaysia
title_short Factors influencing the financial performance of listed property companies in Malaysia
title_full Factors influencing the financial performance of listed property companies in Malaysia
title_fullStr Factors influencing the financial performance of listed property companies in Malaysia
title_full_unstemmed Factors influencing the financial performance of listed property companies in Malaysia
title_sort factors influencing the financial performance of listed property companies in malaysia
publishDate 2020
url https://etd.uum.edu.my/10340/1/depositpermission-not%20alow_s823642.pdf
https://etd.uum.edu.my/10340/2/s823642_01.pdf
https://etd.uum.edu.my/10340/3/s823642_02.pdf
https://etd.uum.edu.my/10340/4/references_s823642.docx
https://etd.uum.edu.my/10340/
_version_ 1759692057354436608
score 13.211869

Similar Items