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An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia

Malaysian higher educational landscape experienced drastic changes as a result of liberalisation measures undertaken by the government. PHEI are very much dependent on student fees for survival. Not surprising then in order to ensure continued business success, they are driven by financial motives....

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Main Authors: Ong, Seng Fook, Pok, Wei Fong, Nordin, Mohd Ridzuan
Format: Conference or Workshop Item
Language:English
Published: 2004
Subjects:
LB2300 Higher Education
Online Access:http://repo.uum.edu.my/2875/1/paper9ong_seng_fook.pdf
http://repo.uum.edu.my/2875/
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spelling my.uum.repo.28752011-05-18T10:12:28Z http://repo.uum.edu.my/2875/ An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia Ong, Seng Fook Pok, Wei Fong Nordin, Mohd Ridzuan LB2300 Higher Education Malaysian higher educational landscape experienced drastic changes as a result of liberalisation measures undertaken by the government. PHEI are very much dependent on student fees for survival. Not surprising then in order to ensure continued business success, they are driven by financial motives. Capital structure is reflective of the corporate financing approach used by organisations.Decisions regarding capital structures are focused on the distribution between debt and equity in financing PHEI. It has always been the aim of PHEI to achieve optimal combination of capital. If this is achieved, then the cost of capital is reduced which in turn improves the PHEI net economic return and ultimately pushes the PHEI competitiveness upward. A study was conducted to examine the relationship between capital structure and profitability of different Private Higher Educational Institution (PHEI) clusters in Malaysia. A sample of 41 PHEI was selected in this study. Financial statements between 1999 through 2003 (depending on the availability of data) were obtained from Companies Commission Malaysia. The first section of this paper describes the relevant studies of PHEI and the concept of capital structure. Different clusters of PHEI are also explained. The second part highlights the impact of capital structure on the profitability of PHEI and clusters of PHEI. This part also examines the possible variables that may affect the management of capital structure of PHEI. 2004 Conference or Workshop Item NonPeerReviewed application/pdf en http://repo.uum.edu.my/2875/1/paper9ong_seng_fook.pdf Ong, Seng Fook and Pok, Wei Fong and Nordin, Mohd Ridzuan (2004) An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia. In: ASEAN Symposium on Educational Management and Leadership (ASEMAL4), 13 - 15 Disember 2004, Grand Plaza Parkroyal, Penang. (Unpublished)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic LB2300 Higher Education
spellingShingle LB2300 Higher Education
Ong, Seng Fook
Pok, Wei Fong
Nordin, Mohd Ridzuan
An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
description Malaysian higher educational landscape experienced drastic changes as a result of liberalisation measures undertaken by the government. PHEI are very much dependent on student fees for survival. Not surprising then in order to ensure continued business success, they are driven by financial motives. Capital structure is reflective of the corporate financing approach used by organisations.Decisions regarding capital structures are focused on the distribution between debt and equity in financing PHEI. It has always been the aim of PHEI to achieve optimal combination of capital. If this is achieved, then the cost of capital is reduced which in turn improves the PHEI net economic return and ultimately pushes the PHEI competitiveness upward. A study was conducted to examine the relationship between capital structure and profitability of different Private Higher Educational Institution (PHEI) clusters in Malaysia. A sample of 41 PHEI was selected in this study. Financial statements between 1999 through 2003 (depending on the availability of data) were obtained from Companies Commission Malaysia. The first section of this paper describes the relevant studies of PHEI and the concept of capital structure. Different clusters of PHEI are also explained. The second part highlights the impact of capital structure on the profitability of PHEI and clusters of PHEI. This part also examines the possible variables that may affect the management of capital structure of PHEI.
format Conference or Workshop Item
author Ong, Seng Fook
Pok, Wei Fong
Nordin, Mohd Ridzuan
author_facet Ong, Seng Fook
Pok, Wei Fong
Nordin, Mohd Ridzuan
author_sort Ong, Seng Fook
title An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
title_short An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
title_full An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
title_fullStr An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
title_full_unstemmed An overview of capital structures and profitability among selected private higher educational institution clusters in Malaysia
title_sort overview of capital structures and profitability among selected private higher educational institution clusters in malaysia
publishDate 2004
url http://repo.uum.edu.my/2875/1/paper9ong_seng_fook.pdf
http://repo.uum.edu.my/2875/
_version_ 1644278353519181824
score 13.211869

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