Revisiting capital structure theory : a test of pecking order and static order trade-of model from Malaysian capital market Ali Ahmed, Huson Joher and Hisham, Nazrul 2009, Revisiting capital structure theory : a test of pecking order and static order trade-of model from Malaysian capital market, International research journal of finance and economics, vol. 30, pp. 58-65. Attached Files Name Description MIMEType Size Downloads Title Revisiting capital structure theory : a test of pecking order and static order trade-of model from Malaysian capital market Author(s) Ali Ahmed, Huson Joher orcid.org/0000-0002-0186-2564 Hisham, Nazrul Journal name International research journal of finance and economics Volume number 30 Start page 58 End page 65 Total pages 8 Publisher European Journals Place of publication [London, England] Publication date 2009-08 ISSN 1450-2887 Keyword(s) Pecking order Static-order-trade-off internal fund deficiency capital structure Summary This study revisits the capital structure theory and test Pecking Order Hypothesis (POH) and Static Order Trade-off theory (STOT) using Malaysian Listed firms over a period from 1999 to 2002. The evidence from pecking order model suggests that the internal fund deficiency is the most important determinant that possibly explains the issuance of new debt in Malaysian capital market despite the lower predicting power.  While static trade off-model is not fit to explain the issuance of new debt issue in Malaysian capital market. This is an interesting findings that confirm the fact that Malaysian firms do not too much care about tax-shield benefit derive from employ both debt and non-debt tax-shield. The finn's size, which is used to neutralize the size effect, appears to provide some explanation for the variation in its capital structure policy choice; however asset structure and growth no evidence of static-order-trade-off is observed in Malaysian capital market. Language eng Field of Research 140304 Panel Data Analysis Socio Economic Objective 910206 Market-Based Mechanisms HERDC Research category C1 Refereed article in a scholarly journal HERDC collection year 2009 Copyright notice ©2009, EuroJournals Publishing Persistent URL http://hdl.handle.net/10536/DRO/DU:30016739 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 28 Jul 2009, 12:59:35 EST Wed, 29 Jul 2009, 14:07:34 EST Wed, 29 Jul 2009, 14:08:38 EST Wed, 29 Jul 2009, 14:09:26 EST Wed, 29 Jul 2009, 14:14:46 EST Tue, 24 Nov 2009, 10:17:50 EST Thu, 11 Dec 2014, 16:03:30 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 12 times in Scopus Search Google Scholar Access Statistics: 2273 Abstract Views, 1 File Downloads  -  Detailed Statistics Created: Tue, 28 Jul 2009, 12:59:33 EST by Lee-Ann Stones