文章基本信息

标题：Corporate Governance Practices and Capital Structure: Evidence from Malaysian Capital Market
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作者：Nazaria Binti Aris ; Suzila Binti Mohamed Yusof ; Kerk Yee Xuan 等
期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2021
卷号：11
期号：14
页码：71-94
DOI：10.6007/IJARBSS/v11-i14/8530
语种：English
出版社：Human Resource Management Academic Research Society
摘要：Corporate Governance has become the most inevitable issues around the world as the emergence of prominent corporate scandals, for example, Enron and WorldCom. It was also known as an important key of leading good financing decision in a company. The motivation behind this project sought to investigate the influences of the Corporate Governance practices on capital structure decision among Top 100 companies for overall Corporate Governance and performance in Malaysian Capital Market over the period 2012 to 2016. All data was gathered from annual report of Malaysian listed firms in Bursa Malaysia Stock Exchange, excluding the financial companies due to their special rules and regulation in their Corporate Governance system. This study has been employed descriptive analysis, correlation analysis and fixed effects regression model to find out the research objectives. Results from the research indicate that board gender, independence audit committee, and profitability were statistically negative to leverage. Further, the research also found that large firm size with high managerial ownership will pursue high debt policy. Nonetheless, debt- to-equity ratio has no zero relationship with board size and board independence. These findings will be useful to the policymaker to formulate Corporate Governance mechanisms as well as investors for assessing the listed companies in Malaysia before making investment decision.