Systematic Risk and Determinants of Cost of Capital:  an Empirical Analysis of Selected Case Studies

Hussain, Hafezali Iqbal; Herman, Herman; Ghani, Erlane K; Razimi, Mohd Shahril Ahmad

doi:10.9770/jssi.2019.9.1(22)

Cited by 2 publications

(2 citation statements)

References 17 publications

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“…As of 2017, the F&B industry contributed close to 10 percent of Malaysia's exports. Importation of staples such as rice, seafood and meat are the nation's priority for domestic consumption (Italian Trade Agency, 2018;Hussain et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Determinants of Capital Structure: Evidence From Malaysian Food and Beverage Firms

Basri¹,

Shoib²,

Kamaralzaman³

2019

RWE

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This paper investigates the firm-specific elements, which are profitability, growth, tangible assets and liquidity in determining the capital structure of Food and Beverage (F&B) firms in Malaysia. The research employed panel data regression model based on ordinary least square (OLS) method. The sample of research consists of eight firms listed in the food producer segment in Bursa Malaysia for the period between 2013 and 2018, with a total observation of 48 firms-years. Debt to equity was chosen as dependent variable. On the other hand, profitability, asset growth, tangibility of assets, and liquidity were selected as independent variables. The findings showed that profitability and tangibility of assets are positively related to debt to equity. Meanwhile, growth of assets and liquidity were insignificant to the dependent variable. The trade-off theory of capital structure is very much applicable to the F&B firms in Malaysia due to the fact that profitability and tangibility of assets have significant relationship with debt.

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Section: Introductionmentioning

confidence: 99%

Determinants of Capital Structure: Evidence From Malaysian Food and Beverage Firms

Basri¹,

Shoib²,

Kamaralzaman³

2019

RWE

View full text Add to dashboard Cite

show abstract

“…This, however, does not mean that time consuming reporting requirements need to be imposed on taxpayers and other institutions. As with any investment, the costs and benefits need to be considered (Hussain et al, 2019). The challenge is to collect data that can be related to risk indicators and be built into databases that can be used to support analysis and development of inferences about non-compliance.…”

Section: Audit Case Selection Influencing Tax Audit Effectivenessmentioning

confidence: 99%

Do Audit Case Selection, Supervision Monitoring and Auditors’ Characteristics Influence Tax Auditors’ Effectiveness?

Ghani¹,

Azis²,

Shamsudin³

et al. 2021

IJARBSS

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Tax collection serves as an important source of revenue for the government of which, can be highly influence by the ability of tax auditors in performing their tasks. This study aims to examine the factors influencing tax audit effectiveness of the tax auditors in the Inland Revenue Department in Malaysia (IRBM). Specifically, this study examines whether audit case selection, supervision monitoring and auditors' characteristics influence tax audit effectiveness in of the tax auditors in the Inland Revenue Department in Malaysia. Using questionnaire survey distributed to tax auditors, this study shows that all the factors chosen in this study namely, audit case selection, supervision monitoring and auditors' characteristics significantly influence tax audit effectiveness among the tax auditors in IRBM. The findings in this study could help tax administrators to monitor IRBM's tax auditors to increase their efficiency. The results are expected to assist IRBM in identifying factors contributing efficiency and competency among IRBM tax auditors. This may enhance further steps and actions to improve level competency among the IRBM's tax auditors to help achieve its aspiration to be the leading tax administrators in the world. It will also help IRBM to consider the suggestion and recommendation in order to produce good and competence tax auditors in the future.

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Systematic Risk and Determinants of Cost of Capital: an Empirical Analysis of Selected Case Studies

Cited by 2 publications

References 17 publications

Determinants of Capital Structure: Evidence From Malaysian Food and Beverage Firms

Determinants of Capital Structure: Evidence From Malaysian Food and Beverage Firms

Do Audit Case Selection, Supervision Monitoring and Auditors’ Characteristics Influence Tax Auditors’ Effectiveness?

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