An empirical analysis on the effect of internal and external factors to the determinants of leverage in the service industry in Malaysia

Ho, Zhong Zheng (2016) An empirical analysis on the effect of internal and external factors to the determinants of leverage in the service industry in Malaysia. Masters thesis, Universiti Malaysia Sabah.

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Abstract

This study aimed to investigate the internal and external factors that influence the determinants of leverage in the service industry in Malaysia. The sample used in this study is made up of 15 public listed companies in the Malaysia service industry, with the observation period between 2006 to 2015. The variables involved in this study are leverage as the dependent variable, while profitability, size of firms, cost of capital, control of management and unanticipated events as the five independent variables. Panel data analysis is being used in this study, specifically was by using the fixed effects model. The results of this study concluded that cost of capital is the only Significant determinant to the decision of leverage, while other variables are showing insignificant relationship towards leverage. The findings of this study is not very consistent with the previous study on leverage. As a conclusion, the results might indicate that the Malaysian service industry is different in the sense of managing the company's leverage if compare to the firms in

Item Type: Thesis (Masters)
Uncontrolled Keywords: public listed companies, internal and external factors, leverage, service industry
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: FACULTY > Faculty of Business, Economics and Accounting
Depositing User: Munira
Date Deposited: 27 Oct 2017 07:42
Last Modified: 27 Oct 2017 07:42
URI: http://eprints.ums.edu.my/id/eprint/10565

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