Construction firms in Malaysia benefit from bond market for capital structure.
The article explores how the bond market affects the capital structure of construction firms in Malaysia. It shows that many contractors struggle to secure bank financing due to lack of collateral. The study uses data from 36 construction firms listed on the Malaysia Stock Exchange from 2000 to 2015. The research reveals new insights into corporate financing decisions in emerging markets, shedding light on the unique capital structure of construction companies in Malaysia.