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CAPITAL STRUCTURE AND THE DETERMINANTS OF THE BANKING SECTOR: THE CASE OF MALAYSIA

Marimuthu, Maran and Hassan, Rohail (2014) CAPITAL STRUCTURE AND THE DETERMINANTS OF THE BANKING SECTOR: THE CASE OF MALAYSIA. [Citation Index Journal]

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Abstract

his paper examines the determinants of capital structure of commercial banks in Malaysia. The determinants include asset structure, growth, size, risk, proitability and tax shield, liquidity and eiciency. All the nine local commercial banks are considered in this study over the period 1998 to 2007. Econometrics methodology incorporates both time series and cross-sectional data to perform regression analyses that include the pooled efect, ixed efect and random efect methods. The indings indicate that the explanatory power of the determinants tends to difer on total leverage, long term leverage and short term leverage. Almost all the determinants are correlated with the banks’ long-term leverage. It is evident that pecking order theory seems to be more applicable for the banking institutions.

Item Type:Citation Index Journal
Subjects:H Social Sciences > H Social Sciences (General)
Academic Subject One:Academic Department - Management And Humanities - Business and Marketing
Academic Subject Two:Academic Department - Management And Humanities - Humanities and Social Sciences
Departments / MOR / COE:Departments > Management & Humanities
ID Code:11750
Deposited By: Dr Maran Marimuthu
Deposited On:07 Oct 2016 01:42
Last Modified:07 Oct 2016 01:42

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