Debt maturity, underinvestment problem and corporate value

• Main Authors: Khaw, Lee-Hwei, Chien, Benjie Jiang Lee
• 格式: Conference or Workshop Item
• 语言: English
• 出版: 2015
• 主题: HF5601 Accounting
• 在线阅读: http://repo.uum.edu.my/16296/1/18.pdf; http://repo.uum.edu.my/16296/; http://www.aamc2015.usm.my/

This study examine show Malaysian public listed firms with low and high corporate value use debt maturity as a tool to mitigate under investment problem.This study employs panel data methodology instead of the commonly used pooling regression. Results show that firms with low Tobin’s Q ratio, a prox...