Study of capital structure and ownership concentration on the agency costs of firms listed under the shariah-compliant securities (1998 - 2006) / Athirah Nor Mustafa

Mustafa, Athirah Nor (2007) Study of capital structure and ownership concentration on the agency costs of firms listed under the shariah-compliant securities (1998 - 2006) / Athirah Nor Mustafa. [Student Project] (Unpublished)

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Abstract

paper measures the relationship between capital structure, ownership concentration and agency costs. Therefore, the aim of this study is to examine whether capital structure and ownership concentration have significant influence on a firm's agency costs. A sample size Of 26 Shariah-compliant securities will be chosen in this study for the period of nine years that is from 1998 to 2006. The data collected Will be measured using multiple regression model. Agency costs exist When there is a conflict Of interest between the shareholders and the managers. They will have different goals towards the organization and they have different attitudes towards risks. Agency costs will be measured using the asset turnover ratio and return on equity ratio. There are two main expected findings. (i) It is that a firm With a high debt level will decrease its agency costs, and (ii) there is a positive relationship between the largest shareholder concentration and the agency costs.

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Item Type: Student Project
Creators:
Creators
Email
Mustafa, Athirah Nor
2005765677
Contributors:
Contribution
Name
Email / ID Num.
Thesis advisor
Jaafar, Muhamad Sukor
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Capital budget. Capital investments. Fixed capital
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management
Programme: Bachelor of Business Administrations (Finance)
Item ID: 34462
Uncontrolled Keywords: Capital structure; Agency cost; Capital budget; UiTM Cawangan Johor
URI: https://ir.uitm.edu.my/id/eprint/34462

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