Mat Nor, Fauzias and Yatim, Yatim
(2000)
Determinants Of Corporate
Debt Ownership Structure In Malaysia.
Asian Academy of Management Journal (AAMJ), 5 (1).
pp. 1-12.
ISSN 1394-2603
Abstract
This paper examines the relationship between corporate debt ownership structure
and several firm characteristics in Malaysia. Three dependent variables are used in
testing this relationship namely the predominant proportion of long-term bank
debts, long-term non-bank debts, and long-term public debts. The multiple
regression analysis is used to examine the relationship amongst the dependent
variables and the firm characteristics. The results demonstrate that the mean
proportion of bank debt is higher than that of non-bank debt, but lower than that of
public debt. The results also suggest negative relationship between bank debts with
firm characteristics such as total assets, market to book value, and age of the firms.
There is no significant relationship between characteristics of the firms, and the
long-term non-bank debts and public debts.
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