The effect of capital structures toward tobinq among PN17 company in Malaysia / Amirul Khairi Zakaria

There is several existing studies that being made by the previous researcher to see the impact of the capital structures toward the firm performances. The variables listed in the paper are usually been used by the past researchers but also there are many mixed resulted were carne out. We continue the study by making its specific on certain target which is toward the PNI 7 companies in Malaysia and to see the relationship between the variable. The PNI 7 companies been choose because in the year of 2012 and 2013, the number of the company listed were higher. The reasons also because the companies current condition that can be influence by many variable. As the company in the PN17 stats that been prevent from doing their business in the certain activities, the company is stated on the status as suspended' at the market in Malaysia. This is due to their misconduct behavior or facing some financial issues which can lead them to the PN 17. The capital structures that been used is debt to equity ratio, total debt to total asset ratio, short term debt to total asset ratio, long term debt to total asset ratio and the firm size. The paper analyze the data and getting a result which is shows that all of the debt based components variables that is debt to equity ratio, total debt to book value of total asset ratio, long-term debt to book value of total asset ratio and short-term debt to book value of total asset ratio not have an impact toward the performances of PNI 7 company but differences from the firm value variable. This shows that the PNI 7 company did not have problem when they issuing any amount of debt but if their value were decrease, this will resulted to be effected their performance.