Detail Determinants of optimal capital structure of ASEAN corporations   Oleh:  Jantarakolica, T ; Diloksakkayavitoon, W Jenis: Article from Proceeding Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-8. Topik: Capital structure; AEC; ASEAN exchange Fulltext: b14-005.pdf (86.3KB) Isi artikel Issues concerning on factors determining capital structure of the business enterprises has long been the center of academic arguments. Empirical studies of capital structure of the fast growing emerging financial markets, like ASEAN financial markets become more interesting since the markets will be integrated as one regional financial market. This study emphasizes on factors determining capital structure of the listed companies in five ASEAN financial markets including Indonesia, Philippines, Malaysia, Singapore, and Thailand. Panel data from 2001-2012 were collected and estimated based on trade-off theory and pecking-order theory. The results reveal significant impacts upon firm specific factors of all companies listed in all markets. The trade-off theory and the pecking order theory seem to be fitted well for Singapore and Thailand while the pecking-order theory can be applied in Indonesia, Malaysia and Philippines. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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