Neshaleni, S. Paramanantham and Irene, Wei Kiong Ting and Qian, Long Kweh (2018) Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia. Institutions and Economies, 10 (3). pp. 1-13. ISSN 2232-1349. (Published)
|
PDF
Ownership Concentration and Debt-fim-2018.pdf Download (309kB) | Preview |
Abstract
This study examines the impact of ownership concentration on debt structure. Based on market capitalisation, we obtained financial and governance data from Top 100 public listed companies in Malaysia for the period 2011-2015. Ordinary least squares and fixed-effect panel models were employed for examining data. The regression results showed that ownership held by the top five shareholders significantly and negatively affected long term debt and total debt ratios. The results remain qualitatively similar in both estimations using the ordinary least squares and fixed-effect panel models. In summary, this study offers some insights into how concentrated ownership influence corporate debt structure.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Ownership concentration; Debt structure; Malaysia; 100 public listed companies |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Noorul Farina Arifin |
| Date Deposited: | 11 Jun 2018 06:24 |
| Last Modified: | 13 Apr 2022 05:01 |
| URI: | http://umpir.ump.edu.my/id/eprint/21361 |
| Download Statistic: | View Download Statistics |
Actions (login required)
 |
View Item |