{"id":"https://openalex.org/W561831812","doi":null,"title":"Determinants of capital structure : A comparative study in Malaysia and Indonesia","display_name":"Determinants of capital structure : A comparative study in Malaysia and Indonesia","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W561831812","mag":"561831812"},"language":"en","primary_location":{"id":"pmh:oai:etd.uum.edu.my:4666","doi":null,"is_oa":false,"landing_page_url":"https://etd.uum.edu.my/4666/1/s815286.pdf","pdf_url":"https://etd.uum.edu.my/4666/1/s815286.pdf","source":{"id":"https://openalex.org/S4377196727","display_name":"UUM Electronic Theses and Dissertation [eTheses] (Northern University of Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I94625822","host_organization_name":"Universiti Utara Malaysia","host_organization_lineage":["https://openalex.org/I94625822"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Ahmed Hassan Hadi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Ahmed Hassan Hadi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.003100000089034438,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.7889999747276306},{"id":"https://openalex.org/keywords/leverage-determinants","display_name":"leverage determinants","score":0.9169999957084656},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.8489999771118164},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.7609999775886536},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.9100000262260437},{"id":"https://openalex.org/keywords/asset-tangibility","display_name":"tangibility","score":0.9810000061988831},{"id":"https://openalex.org/keywords/non-debt-tax-shield","display_name":"non-debt tax shield","score":0.9869999885559082},{"id":"https://openalex.org/keywords/liquidity","display_name":"liquidity","score":0.9639999866485596},{"id":"https://openalex.org/keywords/stock-performance","display_name":"stock performance","score":0.9879999756813049},{"id":"https://openalex.org/keywords/gdp-growth","display_name":"GDP growth","score":0.7710000276565552},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9980000257492065},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.8389999866485596},{"id":"https://openalex.org/keywords/pecking-order-theory","display_name":"pecking order theory","score":0.902999997138977},{"id":"https://openalex.org/keywords/trade-off-theory","display_name":"trade-off theory","score":0.9980000257492065},{"id":"https://openalex.org/keywords/market-timing-theory","display_name":"market timing theory","score":0.9210000038146973},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.9980000257492065},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.878000020980835},{"id":"https://openalex.org/keywords/malaysia","display_name":"Malaysia","score":0.7480000257492065},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":1.0}],"concepts":[{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.8130108714103699},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.7032970190048218},{"id":"https://openalex.org/C172983313","wikidata":"https://www.wikidata.org/wiki/Q1567268","display_name":"Pecking order theory","level":4,"score":0.6896602511405945},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.685425341129303},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6360882520675659},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46808749437332153},{"id":"https://openalex.org/C117131394","wikidata":"https://www.wikidata.org/wiki/Q17141900","display_name":"Tax shield","level":5,"score":0.45843252539634705},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.45327767729759216},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.44471949338912964},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.4222121834754944},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3698543608188629},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3310023546218872},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2662074863910675},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.08704248070716858},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C172008318","wikidata":"https://www.wikidata.org/wiki/Q3683077","display_name":"Gross income","level":4,"score":0.0},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C551662922","wikidata":"https://www.wikidata.org/wiki/Q2346630","display_name":"Tax reform","level":2,"score":0.0},{"id":"https://openalex.org/C74939039","wikidata":"https://www.wikidata.org/wiki/Q7603703","display_name":"State income tax","level":3,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:etd.uum.edu.my:4666","doi":null,"is_oa":false,"landing_page_url":"https://etd.uum.edu.my/4666/1/s815286.pdf","pdf_url":"https://etd.uum.edu.my/4666/1/s815286.pdf","source":{"id":"https://openalex.org/S4377196727","display_name":"UUM Electronic Theses and Dissertation [eTheses] (Northern University of Malaysia)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I94625822","host_organization_name":"Universiti Utara Malaysia","host_organization_lineage":["https://openalex.org/I94625822"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Thesis"},{"id":"mag:561831812","doi":null,"is_oa":false,"landing_page_url":"https://etd.uum.edu.my/4666/","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.833299994468689}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":75,"referenced_works":["https://openalex.org/W1800186","https://openalex.org/W40260141","https://openalex.org/W1494748674","https://openalex.org/W1507366520","https://openalex.org/W1532777363","https://openalex.org/W1559772812","https://openalex.org/W1573692588","https://openalex.org/W1967159293","https://openalex.org/W1969151017","https://openalex.org/W1970676817","https://openalex.org/W1976883994","https://openalex.org/W1977379364","https://openalex.org/W1978175480","https://openalex.org/W1979631468","https://openalex.org/W1982156134","https://openalex.org/W1988607298","https://openalex.org/W1990269448","https://openalex.org/W1994578257","https://openalex.org/W2000578291","https://openalex.org/W2009933976","https://openalex.org/W2011291450","https://openalex.org/W2020485635","https://openalex.org/W2025838887","https://openalex.org/W2028387372","https://openalex.org/W2029268804","https://openalex.org/W2031600967","https://openalex.org/W2031933256","https://openalex.org/W2047887579","https://openalex.org/W2051605905","https://openalex.org/W2051981673","https://openalex.org/W2052371306","https://openalex.org/W2054450401","https://openalex.org/W2063955807","https://openalex.org/W2072806856","https://openalex.org/W2074658738","https://openalex.org/W2081113003","https://openalex.org/W2084310832","https://openalex.org/W2089842977","https://openalex.org/W2089905296","https://openalex.org/W2090556614","https://openalex.org/W2098345648","https://openalex.org/W2098780160","https://openalex.org/W2099358221","https://openalex.org/W2102111744","https://openalex.org/W2110120163","https://openalex.org/W2115846503","https://openalex.org/W2115871647","https://openalex.org/W2121308228","https://openalex.org/W2124597406","https://openalex.org/W2127103243","https://openalex.org/W2129123189","https://openalex.org/W2138239878","https://openalex.org/W2138593640","https://openalex.org/W2143437037","https://openalex.org/W2144687916","https://openalex.org/W2145143570","https://openalex.org/W2150221055","https://openalex.org/W2157005718","https://openalex.org/W2167351159","https://openalex.org/W2170790204","https://openalex.org/W2173904074","https://openalex.org/W2189358783","https://openalex.org/W2752617332","https://openalex.org/W2905366712","https://openalex.org/W3121131820","https://openalex.org/W3122075638","https://openalex.org/W3123053174","https://openalex.org/W3123142049","https://openalex.org/W3123206484","https://openalex.org/W3123309537","https://openalex.org/W3124114405","https://openalex.org/W3124871904","https://openalex.org/W3125087107","https://openalex.org/W3125147207","https://openalex.org/W3126076569"],"related_works":["https://openalex.org/W7065101079","https://openalex.org/W4382807077","https://openalex.org/W2834969689","https://openalex.org/W4411837531","https://openalex.org/W7133509843","https://openalex.org/W2887735815","https://openalex.org/W2778272728","https://openalex.org/W2585507637","https://openalex.org/W793447375","https://openalex.org/W1016069703"],"abstract_inverted_index":{"The":[0,60,73,172,195,215],"study":[1,199,216],"investigates":[2],"the":[3,6,34,151,185,191,201,205,212,224],"determinants":[4,38,53,225],"of":[5,9,106,197,226],"capital":[7,186,227],"structure":[8,187,228],"237":[10],"manufacturing":[11,233],"firms":[12],"listed":[13],"in":[14,183,229],"Malaysia":[15,70],"and":[16,25,47,51,57,65,71,80,86,92,97,114,123,130,140,189,211,220,231],"Indonesia":[17],"stock":[18],"exchange":[19],"from":[20],"2005-2012.":[21],"Ordinary":[22],"least":[23],"square":[24],"fixed":[26,152],"effect":[27,153],"model":[28],"have":[29],"been":[30],"used":[31],"to":[32,89,104,121,137,147,160],"estimate":[33],"relationship":[35],"between":[36],"firmspecific":[37],"(firm":[39],"size,":[40,78,128],"profitability,":[41,112],"tangibility,":[42,79],"non-debt":[43,81,115],"tax":[44,82,116],"shields,":[45],"liquidity":[46,96,129],"share":[48,98,131],"price":[49,99,132],"performance)":[50],"country-specific":[52,66],"(GDP":[54],"growth,":[55],"inflation":[56],"interest":[58,155],"rate).":[59],"result":[61],"suggests":[62],"that":[63,76,176],"firm-specific":[64,177],"determinant":[67],"varies":[68],"across":[69],"Indonesia.":[72],"results":[74,173,196],"show":[75,175],"firm":[77,127],"shields":[83,117],"are":[84,101,118,134],"significantly":[85],"positively":[87,119,145],"related":[88,103,120,136,146,159,168],"overall":[90,122,138,148,161],"leverage":[91,105,139,149],"longterm":[93],"leverage,":[94,125,162],"while":[95,163],"performance":[100,133],"negatively":[102,135,158,167],"Malaysian":[107,230],"firms.":[108,234],"For":[109],"Indonesian":[110,232],"firms,":[111],"tangibility":[113],"long-term":[124,141,170],"but":[126],"leverage.":[142,171],"Inflation":[143],"is":[144,157,166],"under":[150],"model,":[154],"rate":[156],"GDP":[164],"growth":[165],"with":[169],"also":[174],"factors":[178],"play":[179],"an":[180],"important":[181],"role":[182],"determining":[184],"before":[188],"after":[190],"2008":[192],"financial":[193],"crisis.":[194],"this":[198],"support":[200],"pecking":[202],"order":[203],"theory,":[204,207],"trade-off":[206],"market":[208],"timing":[209],"theory":[210],"agency":[213],"theory.":[214],"has":[217],"laid":[218],"groundwork":[219],"detailed":[221],"explanation":[222],"about":[223]},"counts_by_year":[{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
