center for economic institutions working paper series.pdf

Center for Economic Institutions Working Paper Series CEI Working Paper Series, No. 2001-9 Capital Structure and Investment Behaviour of Malaysian Firms in the 1990s -- A Study of Corporate Governance before the Crisis -- Megumi Suto Center for Economic Institutions Working Paper Series Institute of Economic Research Hitotsubashi University 2-1 Naka, Kunitachi, Tokyo, 186-8603 JAPAN Tel: +81-42-580-8405 Fax: +81-42-580-8333 e-mail: cei-info@ier.hit-u.ac.jp August , 2001 Capital Structure and Investment Behaviour of Malaysian Firms in the 1990s -- A Study of Corporate Governance before the Crisis -- Megumi Suto Faculty of Economics, Chuo University 742 Higashi-Nakano, Hachioji Tokyo Japan 192-0393 Fax: 81-426-74-3425, Phone: 81-426-743417 Email: megumis@tamacc.chuo-u.ac.jp This study forms part of a research project being undertaken by the Centre for Economic Institutions, Institute of Economic Research, Hitotsubashi University, Tokyo, which is a follow-up study to a project concerning the accumulation of long-term data of Asian economies sponsored by the Centre of Excellence (1995-99). I would like to thank Prof. Juro Teranishi and Prof. Hidenobu Okuda of Hitotsubashi University, Prof. Shin-ichi Fukuda of the University of Tokyo, and other participants in the CEI Seminar of Hitotsubashi University held on 1st June 2001, for their useful comments. This paper was