Drivers of capital structure in Malaysia Real Estate Investment Trust Funds (M-REITs). Journal of Academia, 9 (2). pp. 112-120. ISSN 2289-6368 (2021)
Abstract
This study investigates drivers of capital structure decisions of Malaysian Real Estate Investment Trust Funds (M-REITs) using 121 observations from 15 REITs companies listed in the Bursa Malaysia during 8 years study period of 2011 to 2018. Employing the panel data regression model, the result indicates that operating risk is significantly negatively related to leverage suggesting that M-REIT firms with higher uncertainty of earnings opt for low leverage as it reduces their risk of bankruptcy.
| Item Type: | Article |
|---|---|
| Keywords: | Malaysia real estate investment trust funds, Capital structure, Pecking order theory, Trade-off theory, M-REITs |
| Taxonomy: | By Niche > Investments > Real Estate Investments |
| Local Content Hub: | Niche > Investment |
| Depositing User: | Idris Muhammad |
| Date Deposited: | 30 Sep 2021 23:59 |
| Last Modified: | 28 Feb 2024 03:37 |
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