Abstract
This paper examines the nonlinear relationship between debt and firm value in Malaysia. The issue of dynamic endogeneity in the determinant of the relationship between debt and firm value is also investigated in this paper. Based on the sample consisting of 367 Malaysian firms listed on Bursa Malaysia for the period of 2007–2012, the study fails to find evidence on the nonlinearity between debt and firm value. It concludes that dynamic endogeneity does not influence the relationship between debt and firm value in the Malaysian firms.
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