[雙語翻譯]企業(yè)償債能力外文翻譯—公司規(guī)模和償債能力來自馬來西亞上市公司的證據(jù)

1、字數(shù)：英文 字數(shù)：英文 3045 3045 單詞， 單詞，15732 15732 字符；中文 字符；中文 4929 4929 漢字 漢字出處： 出處：Ramin Ramin A K, K, Lizam Lizam M, M, Zabri Zabri S M, M, et et al. al. Firm's Firm's Size Size and and Solvency Solvency Performance: Pe

2、rformance: Evidence Evidence from from the the Malaysian Malaysian Public Public Listed Listed Firms[J]. Firms[J]. Journal Journal of of Engineering Engineering and and Applied Applied Sciences,2017,12(5):240-124

3、4. Sciences,2017,12(5):240-1244.外文文獻 外文文獻 Firm’s Size and Solvency Performance: Evidence from the Malaysian Public Listed FirmsAbstract Firm solvency is one of the important indicators in measuring firm’s performance. F

4、irm ability to grow and sustaining their business in the highly competitive business environment depends significantly on its cash flow management capacity that subsequently results to a business stay solvent at every ph

5、ase of business life cycle. Early detection of financial distress is important for every firm of various sizes. Previous findings on firm’s size and solvency performance varies which tendency on agreeing to the assumptio

6、n that larger firms have the advantages to avoid insolvency as compare to smaller firms. However, previous studies have also revealed that larger firms such as public listed company were not escape from facing financial

7、distress which eventually lead to insolvency. Therefore, the study was aimed to mdentify the influence of firm’s size and solvency performance of public listed firms in Malaysia. A total of 149 firms were used to measure

8、 their financial data performance for a period between 2011 and 2014. Firm total assets and paid capital were used as a proxy to firm size. The current ratio and debt ratio were used as a proxy to measure the solvency pe

9、rformance. The study found that firm size measured by total assets has moderately influence the solvency performance of firms indicated by the debt ratio and current ratio. However the firm size measured by paid-up capit

10、al has lesser influence on solvency performance measured by debt ratio and no influence was served to considerably large firms listed in Bursa Malaysia as a result of liquidity issues. PN 17 is the control procedure spec

11、ifically for public listed companies which are facing financial distress and to be delisted from the stock exchange. There were 21 firms subjected to PN 17 as at first half of 2015 bringing the total listing of financial

12、 distress firms to 2.32% of the total listed firms on the stock exchange. Shareholders and investors continue to demand for healthy firms to ensure their investments. Solvency and liquidity of firms would remains signifi

13、cant elements for managers to manage for sustainability of the firms. It is pertinent for managers to understand about business failures, its causes and its possible remedies (Sulub, 2014). Therefore, the study was aimed

14、 to mdentify the influence of firm’s size on solvency performance of public listed firms on the Bursa Malaysia (BM).LITERIATURE REVIEWPast researchLun and Quaddus (2011 ) in their study among Hong Kong electronic industr

15、y propagated that firm size does influence the performance of business. In other findings suggested that smaller firms were more likely to issue equity while larger firms are more likely to issue debt rather than equity

16、which influence the liquidity. Past study done by Cassar and Holmes (2003) and Esperanca et al. (2003) found a positive relationship between firm size and long-term debt but a negative relationship with short-term debt w

17、hich eventually influence the liquidity. Other study suggested that firm size and capital structure strategy may influence firm’s solvency performances. Other finding by Beck et al. (2008) indicated that firms size influ

18、ence the firm’s performance which includes the solvency and liquidity operation. Findings from Rajeev indicated that small firms were much faced higher risks of liquidity as compared to those larger firms. Therefore, the