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Dynamism of capital structure: evidence from selected South East Asia countries panel data

Haron, Razali and Ibrahim, Khairunisah and Mat Nor, Fauzias and Ibrahim, Izani and Alias, Norazlan (2011) Dynamism of capital structure: evidence from selected South East Asia countries panel data. In: 13th Malaysian Finance Association Conference 2011, 10-12 June, 2011, Langkawi, Malaysia.

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Abstract

This study contributes to the capital structure literature by exploring the dynamics of capital structure of firms in the South East Asia region, namely Malaysia, Thailand and Singapore based on a partial-adjustment framework during a period of 2000-2009. This study concludes that target capital structure does exist hence supports the dynamic trade off theory of capital structure for firms in the region and firms do adjust to their target with varying speed of adjustment subject to country. This study also finds evidences on Malaysia firms that the greater use of short-term debt in capital structure leads to higher speed of adjustment.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 4581/10519
Uncontrolled Keywords: Capital structure, dynamism, partial adjustment
Subjects: H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr. Razali Haron
Date Deposited: 15 Dec 2011 15:51
Last Modified: 15 Dec 2011 15:51
URI: http://irep.iium.edu.my/id/eprint/10519

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