[PDF] Top 20 The determinants of capital structure among SMEs in Malaysia

... Optimal capital structure is achieved by balancing the benefits of debt (tax and reduction of free cash flow problems) with the costs of debt (bankruptcy and agency costs between stockholders and ... See full document

... of Malaysia has reduced dependency on the sector (NTP, ...transform Malaysia into developed country status (NTP, ...transforming Malaysia into a developed country ...the determinants of ... See full document

... the capital structure of SMEs because they don’t include this determinant in their analysis or use another ...that SMEs in current sample pay more tax with regards to the ...the SMEs in ... See full document

... among SMEs. This research investigates the financial practices among SMEs in Malaysia among SMEs within the list of Enterprise 50 award winners from 1998 to 2010, focuses ... See full document

... Asset structure influences positively to leverage in terms of the proportion of long-term debt, the proportion of total debt and the proportion of debt market value to total ... See full document

... Association between owner/managers' level of financing preference with the proportions of firm's capital structure This particular part of the analysis aims to establish whether there is[r] ... See full document

... of capital, alternative finance initiatives have advantages and disadvantages in contrast to traditional ...for capital at traditional banks can be a long-drawn process, whereas different alternative ... See full document

... for SMEs, the primary agency conflict in small firms is generally not between owners and managers, but between inside and outside contributors of capital (Hand et ...in SMEs are exacerbated by ... See full document

... main determinants of working capital management in the Egyptian SMEs and explains its effect on working capital ...main determinants of working capital management and each ... See full document

... pooled and Malaysia sample for a firm’s liquidity is inconsistent with the hypothesis (2-C4). This is probably because samples with high liquidity find external financing less attractive and tend to use internal ... See full document

... the determinants of capital structure and estimate adjustment speed towards target capital structure for Asian ...target capital structure is pursued in the Asian ...of ... See full document

... According to Klynveld Peat Marwick Goerdeler (KPMG) international survey (2008), corporate tax rate in Pakistan has remained 35% from 2002 onward. Still, the corporate tax rate for public, private and banking companies ... See full document

... Dutch SMEs invested more in intangible ...Spanish SMEs invested more in intangible assets than Dutch ...the SMEs did not have intangible assets on their balance ...Dutch SMEs in ...the ... See full document

... Capital Structure describes how a corporation has organized its capital and it obtains the financial resources with which it operates its ...various capital structures to meet both internal ... See full document

... In different type of non financial studies it is defined that (Barclay et al., 1995; Shah and Khan, 2007), argues about the growth opportunities are negatively related with the leverage of the firm because it tend to ... See full document

... Besides Modigliani and Miller Theorem (1958), there are also few others theories of capital structure such as pecking order theory, agency theory and trade-off theory. Pecking order theory comes from Myers ... See full document

... The advancement of technology such as crowdsourcing, social media, and web applications has created a paradigm shift for innovation to move towards a more open platform such as open innovation. This paper examines the ... See full document

... companies’ capital structure, the agency creates conflicts between managers and shareholders and is affected by the leverage levels, as it has to constrain or encourage managers to take decisions in the ... See full document

... and leverage. Therefore, the sixth hypothesis, supporting the static trade-off theory, is accepted. On the other hand, the relation is not in line with the eight hypothesis, which predicts a negative relation between ... See full document

... di Malaysia, untuk mengkaji sejauh mana IKS dalam sektor pembuatan memahami orientasi pasaran di Malaysia dan untuk menentukan hubungan keseluruhan antara kesan inovasi orientasi pasaran dan prestasi ... See full document