Dynamism of capital structure: evidence from selected South East Asia countries panel data
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 str...
| Main Authors: | , , , , |
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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/10519/ http://irep.iium.edu.my/10519/1/razali_haron_MFA13_dynamism_of_capital_structure_SEA_countries_-_IREP.pdf |
| _version_ | 1848777224378908672 |
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| author | Haron, Razali Ibrahim, Khairunisah Mat Nor, Fauzias Ibrahim, Izani Alias, Norazlan |
| author_facet | Haron, Razali Ibrahim, Khairunisah Mat Nor, Fauzias Ibrahim, Izani Alias, Norazlan |
| author_sort | Haron, Razali |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T14:42:35Z |
| format | Proceeding Paper |
| id | iium-10519 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:42:35Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-105192011-12-15T07:51:17Z http://irep.iium.edu.my/10519/ Dynamism of capital structure: evidence from selected South East Asia countries panel data Haron, Razali Ibrahim, Khairunisah Mat Nor, Fauzias Ibrahim, Izani Alias, Norazlan HG4001 Financial management. Business finance. Corporation finance. 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. 2011-06-10 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/10519/1/razali_haron_MFA13_dynamism_of_capital_structure_SEA_countries_-_IREP.pdf 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. http://www.ukm/my/mfa2011/ |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Haron, Razali Ibrahim, Khairunisah Mat Nor, Fauzias Ibrahim, Izani Alias, Norazlan Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title | Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title_full | Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title_fullStr | Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title_full_unstemmed | Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title_short | Dynamism of capital structure: evidence from selected South East Asia countries panel data |
| title_sort | dynamism of capital structure: evidence from selected south east asia countries panel data |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/10519/ http://irep.iium.edu.my/10519/ http://irep.iium.edu.my/10519/1/razali_haron_MFA13_dynamism_of_capital_structure_SEA_countries_-_IREP.pdf |