The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms
This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research mod...
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| Format: | Thesis |
| Language: | en en |
| Published: |
1994
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| Online Access: | https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf https://etd.uum.edu.my/622/ |
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| _version_ | 1860593883530919936 |
|---|---|
| author | Mohamad Khan, Raji Jamal |
| author_facet | Mohamad Khan, Raji Jamal |
| author_sort | Mohamad Khan, Raji Jamal |
| building | UUM Library |
| collection | Institutional Repository |
| content_provider | Universiti Utara Malaysia |
| content_source | UUM Electronic Theses |
| continent | Asia |
| country | Malaysia |
| description | This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research model justifies that capital structure changes in response to market imperfections
which subsequently affect profitability. This findings empirically implies that:
(a) higher debt level result in a lower profitability;
(b) higher profitability associates positively with taxation
expense but negatively with interest expense. |
| format | Thesis |
| id | my.uum.etd-622 |
| institution | Universiti Utara Malaysia |
| language | en en |
| publishDate | 1994 |
| record_format | eprints |
| spelling | my.uum.etd-6222026-03-11T08:29:09Z https://etd.uum.edu.my/622/ The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms Mohamad Khan, Raji Jamal HD28-70 Management. Industrial Management This paper attempts to examine the influence of capital structure, particularly in the presence of market imperfections on firm's profitability. The effect of corporate taxes, interest expense, debt level and equity size is analyzed using OLS estimates and correlation analysis. The research model justifies that capital structure changes in response to market imperfections which subsequently affect profitability. This findings empirically implies that: (a) higher debt level result in a lower profitability; (b) higher profitability associates positively with taxation expense but negatively with interest expense. Restricted 1994-01 Thesis NonPeerReviewed text en https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf text en https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf Mohamad Khan, Raji Jamal (1994) The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms. Masters thesis, Universiti Utara Malaysia. |
| spellingShingle | HD28-70 Management. Industrial Management Mohamad Khan, Raji Jamal The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title | The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_full | The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_fullStr | The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_full_unstemmed | The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_short | The Effect of Capital Structure on Firm's Profitability: A Case of Listed Malaysian Industrial Firms |
| title_sort | effect of capital structure on firm's profitability: a case of listed malaysian industrial firms |
| topic | HD28-70 Management. Industrial Management |
| url | https://etd.uum.edu.my/622/1/MORAMAD_KHAN_BIN_RAJI_JAMAL.pdf https://etd.uum.edu.my/622/2/MORAMAD_KHAN_RAJI_JAMAL_94.pdf https://etd.uum.edu.my/622/ |
| url_provider | http://etd.uum.edu.my/ |