Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies
This study examines the relationship between board structure and board process on capital structure decisions of Malaysian public listed companies. The study combines a survey approach and secondary data from the year 2007 to 2009. Based on a sample of 175 companies, the findings reveal that directo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Virtus interpress
2011
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/29154/1/COC%202011%2008%2004%20264-274.pdf |
| _version_ | 1825805931828477952 |
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| author | Ishak, Zuaini Abdul Manaf, Nor Aziah Md Kassim, Aza Azlina |
| author_facet | Ishak, Zuaini Abdul Manaf, Nor Aziah Md Kassim, Aza Azlina |
| author_sort | Ishak, Zuaini |
| collection | UUM |
| description | This study examines the relationship between board structure and board process on capital structure decisions of Malaysian public listed companies. The study combines a survey approach and secondary data from the year 2007 to 2009. Based on a sample of 175 companies, the findings reveal that directors’ risk appetite is positively correlated to company leverage while directors’ tenure has negative relationship with leverage. With regards to board process, four variables are identified to be negatively correlated to capital structure which is boards’ risk oversight, performance of independent directors, CEO’s performance evaluation and accessibility of information. |
| first_indexed | 2024-07-04T06:40:19Z |
| format | Article |
| id | uum-29154 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:40:19Z |
| publishDate | 2011 |
| publisher | Virtus interpress |
| record_format | eprints |
| spelling | uum-291542023-02-09T02:51:55Z https://repo.uum.edu.my/id/eprint/29154/ Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies Ishak, Zuaini Abdul Manaf, Nor Aziah Md Kassim, Aza Azlina HF Commerce This study examines the relationship between board structure and board process on capital structure decisions of Malaysian public listed companies. The study combines a survey approach and secondary data from the year 2007 to 2009. Based on a sample of 175 companies, the findings reveal that directors’ risk appetite is positively correlated to company leverage while directors’ tenure has negative relationship with leverage. With regards to board process, four variables are identified to be negatively correlated to capital structure which is boards’ risk oversight, performance of independent directors, CEO’s performance evaluation and accessibility of information. Virtus interpress 2011 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29154/1/COC%202011%2008%2004%20264-274.pdf Ishak, Zuaini and Abdul Manaf, Nor Aziah and Md Kassim, Aza Azlina (2011) Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies. Corporate Ownership and Control, 8 (4). pp. 264-274. ISSN 1727-9232 https://virtusinterpress.org/-2011-Issue-4-continued-2-.html |
| spellingShingle | HF Commerce Ishak, Zuaini Abdul Manaf, Nor Aziah Md Kassim, Aza Azlina Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title | Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title_full | Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title_fullStr | Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title_full_unstemmed | Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title_short | Quality of Board of Directors and Capital Structure Decisions in Malaysian Companies |
| title_sort | quality of board of directors and capital structure decisions in malaysian companies |
| topic | HF Commerce |
| url | https://repo.uum.edu.my/id/eprint/29154/1/COC%202011%2008%2004%20264-274.pdf |
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