Firm characteristics and capital structure: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam-- for the periods 2003-2007 and 2008-2012

Date of Publication

2014

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Kenneth Lagman Yumang

Defense Panel Chair

Patricia Benito

Defense Panel Member

Brendy Ocampo Tan

Roberto Camagong

Junette Perez

Kenneth Lagman Yumang

Abstract/Summary

Capital structure is an essential choice in the corporate world and is the subject of exhaustive literatures in the academe. Hence, this research gives focus on ASEAN listed companies and sees what affects their leverage decision in the past decade. Grounded on Modigliani ad Miller's theory of capital structure are the Pecking order theory and static tradeoff theory that explains the relationships of earnings volatility, tangible fixed assets, nondebt tax shield, profitability, firm size, and sales growth to the firms' debt ratio. Utilizing the data obtained from Osiris database, the study employs OLS and Tobit regression analysis. The researchers validate the significance of established firm characteristics to capital structure and take into account the impact of the 2008 financial crisis.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21782

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

87, [12] leaves : illustrations ; 28 cm.

Keywords

Financial institutions--Management

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