Firm’s performance can jointly be by both ownership structure and capital structure in further studies in listed Egyptian firms. Study conducted (Eriotis et al, ) to investigate the firm characteristics that affect debt-equity combination (Barine ). Capital structure is the composite of borrowed fund and owners’ fund that adds up to total capital employed of the business organization. The ratio of external source (borrowed) to internal source is a cautious decision for corporate managers. Capital structure decisions are of importance when considering the factors that affects performance of a firm researched the determinants of capital structure of Dutch SMEs with regard to firm and industry characteristics in the period of to Nevertheless, this thesis will be investigating the impact of capital structure on firm performance, which, to my best
Dynamic Capital Structure Choice Case Study Example | Topics and Well Written Essays - words
The relationship between capital structure and the firm's performance of publicly listed industrial companies belonging capital structure firm performance dissertation the ASEAN community. Franklin Adrian S. Galope Ian Raymund D. Pabustan Kyle Benedict C. This study aims to empirically investigate the impact of capital structure on firm financial performance in the ASEAN region.
A sample size of listed industrial firms from five different countries has been taken to analyze the relationship between leverage and firm performance. The countries included in the study are Malaysia, Philippines, Singapore, Thailand, and Indonesia. A period of five years from and annual financial standalone data have been considered to analyze the leverage effect.
Panel data analysis has been applied to perform the empirical study. The research involves the use of three proxies for financial performance. Tobin's Q, return on assets ROAand return on equity ROE and the use of financial leverage as a representative of capital structure with respect to the control variables size, growth, capital structure firm performance dissertation, asset tangibility, and turnover. It was found that financial leverage has a negative significant impact on Tobin's Q in ASEAN.
However, ROA and ROE both showed insignificant results overall. Results show that leverage is significant and negatively correlated with ROE in Malaysia, positively correlated with ROE in Philippines. Lastly, leverage in Singapore is significant and negatively correlated with Tobin's Q. The findings of the study contribute to the current literature on capital structure and is informative for ASEAN industrial firms' capital structure decision-making.
Galope, F. Advanced Search. Home About FAQ My Account Accessibility Statement. Privacy Copyright. Skip to main content Home About FAQ My Account Contact Us.
Bachelor's Theses. Title The relationship between capital structure and the firm's performance of publicly listed industrial companies belonging to the ASEAN community.
Author Franklin Adrian S. Degree Name Bachelor capital structure firm performance dissertation Science in Accountancy. Shelf Location Archives, The Learning Commons, 12F, capital structure firm performance dissertation, Henry Sy Sr. Physical Description vi, leaves : illustrations some colored ; 28 cm. Keywords Corporations--Finance--Southeast Asia; Capital-- Southeast Asia.
Recommended Citation Galope, F. This document is currently not available here. DOWNLOADS Since. Search Enter search terms:. in this series in this repository across all repositories. Links Animo Repository Guide AnimoSearch Ask LORA DLSU Libraries DLSU Website. Digital Commons.
Capital Structure
, time: 7:02Capital structure firm performance dissertation
The paper 'Dynamic Capital Structure Choice' is a great example of a Finance and Accounting Case Study. Super Retail Group is focused more on equity financing as opposed to debt. This is a likely positive phenomenon since it allows the company to utilize the May 21, · Capital Structure Firm Performance Dissertation This is unlike previous studies in the capital structure literature that have used static analysis In their seminal article, published in and , Modigliani and Miller argue that under certain assumptions the value of a firm is independent of its capital structure, but with tax-deductible interest payments, they are positively related firm would like to do. It means that it has to adjust the capital structure to its optimal level. This problem was considered as an important and notable issues in the past. The purpose for many studies is finding the optimal point of capital structure with mixing the debt and equity so that minimize the cost of financing capital structure
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