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 this study we examine the dividend behaviour of Indian companies. We use the GMM estimator, which is the most suitable methodology in a dynamic setting. Our results show that Indian firms have lower target ratios and higher adjustment factors. The most significant result is that the...

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...