Hospitals are an important component of the healthcare delivery system. Over the years, India has experienced a significant increase in the number iof hospital beds to meet the growing health demands of its poopulalation. Most of this growth has been experienced in the small sized private...

This paper provides new insights on the way in which the capital structure and market power and capital structure and profitability are related. We predict and show that capital structure and market power, as measured by Tobin's Q, have a cubic relationship. That is, at lower and higher ranges...

We examine the determinants of capital structure of Malaysian companies utilizing data from 1984 to 1999. We classify data into four sub-periods that correspond to different stages of Malaysian capital market. Debt is decomposed into three categories: short-term, long-term and total debt. Both...

This study examines corporate dividend behaviour of the Kuala Lumpur Stock Exchange (KLSE) companies. Our results show the influence of industry on payout ratios. Payout ratios also vary significantly across time. The results of multinomial logit analysis reveal that the dividend behaviour of...

We use Malaysian company panel data (1729 firms/years observations) to examine the effects of beta, size, book-to-market value (BM) ratio, earnings-price (E/P) ratio, dividend yield, payout and leverage on the expected stock returns. Our results are based on the fixed effects regression models...

In the strategy literature a lot of emphasis is placed on growth as a dominant business strategy. Is growth always desirable? The finance literature, on the other hand, focuses more on economic profitability and value. This study empirically explores the significance of profitability and growth...

Bangkok Airways Limited, started in 1967, is a leading private sector air transport company in Thailand. It is still fully controlled and led by the founder who follows a centralized decision making. The operations of the company are highly capital intensive. It is the only airline, perhaps in...