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...

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...

The creation and sustenance processes of new ventures in emerging economies are challenging due to low productivity, lack of innovation, lack of capital, lack of skilled labor, and more importantly, unclear policies or poor implementation of policies by the government that elevate risks. This...