Debt maturity structure of low and high Tobin's Q firms
This study examines the effects of growth in influencing debt maturity structure of Malaysian companies. The result shows that growth firms with high Tobin’s Q are indifferent between short-term and long-term debt financing. However, the relationship between growth and debt maturity is negatively re...
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| Format: | Thesis |
| Language: | English English |
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2014
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| Online Access: | https://etd.uum.edu.my/4714/1/s813821.pdf https://etd.uum.edu.my/4714/2/s813821_abstract.pdf https://etd.uum.edu.my/4714/ |
| Abstract | Abstract here |
| _version_ | 1855353406015668224 |
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| author | Benjie, Lee Chien Jiang |
| author_facet | Benjie, Lee Chien Jiang |
| author_sort | Benjie, Lee Chien Jiang |
| description | This study examines the effects of growth in influencing debt maturity structure of Malaysian companies. The result shows that growth firms with high Tobin’s Q are indifferent between short-term and long-term debt financing. However, the relationship between growth and debt maturity is negatively related for firms with low Tobin’s Q. Therefore, this implies that growth firms with high Tobin’s Q do not make use of debt maturity structure to mitigate the agency cost of debt caused by underinvestment problem, while growth firms with low Tobin’s Q maintain higher levels of short-term debt, but lower levels of long-term debt to mitigate agency cost of equity caused by overinvestment problem |
| format | Thesis |
| id | oai:etd.uum.edu.my:4714 |
| institution | Universiti Utara Malaysia |
| language | English English |
| publishDate | 2014 |
| record_format | EPrints |
| record_pdf | Abstract |
| spelling | oai:etd.uum.edu.my:47142022-04-10T00:48:03Z https://etd.uum.edu.my/4714/ Debt maturity structure of low and high Tobin's Q firms Benjie, Lee Chien Jiang HG Finance This study examines the effects of growth in influencing debt maturity structure of Malaysian companies. The result shows that growth firms with high Tobin’s Q are indifferent between short-term and long-term debt financing. However, the relationship between growth and debt maturity is negatively related for firms with low Tobin’s Q. Therefore, this implies that growth firms with high Tobin’s Q do not make use of debt maturity structure to mitigate the agency cost of debt caused by underinvestment problem, while growth firms with low Tobin’s Q maintain higher levels of short-term debt, but lower levels of long-term debt to mitigate agency cost of equity caused by overinvestment problem 2014 Thesis NonPeerReviewed text en https://etd.uum.edu.my/4714/1/s813821.pdf text en https://etd.uum.edu.my/4714/2/s813821_abstract.pdf Benjie, Lee Chien Jiang (2014) Debt maturity structure of low and high Tobin's Q firms. Masters thesis, Universiti Utara Malaysia. |
| spellingShingle | HG Finance Benjie, Lee Chien Jiang Debt maturity structure of low and high Tobin's Q firms |
| thesis_level | Master |
| title | Debt maturity structure of low and high Tobin's Q firms |
| title_full | Debt maturity structure of low and high Tobin's Q firms |
| title_fullStr | Debt maturity structure of low and high Tobin's Q firms |
| title_full_unstemmed | Debt maturity structure of low and high Tobin's Q firms |
| title_short | Debt maturity structure of low and high Tobin's Q firms |
| title_sort | debt maturity structure of low and high tobin s q firms |
| topic | HG Finance |
| url | https://etd.uum.edu.my/4714/1/s813821.pdf https://etd.uum.edu.my/4714/2/s813821_abstract.pdf https://etd.uum.edu.my/4714/ |
| work_keys_str_mv | AT benjieleechienjiang debtmaturitystructureoflowandhightobinsqfirms |