Capital Structure and Firm Performance: Empirical Evidence from Vietnamese Listed Firms

2013 ◽  
Author(s):  
Thi Phuong Vy Le ◽  
Duc Nam Phung
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Empirical Evidence ◽  
Listed Firms

scholarly journals Capital Structure and Firm Performance in Nigerian-Listed Companies

2016 ◽  
Vol 8 (3(J)) ◽  
pp. 54-74 ◽  
Author(s):  
Matthew Adeolu Abata ◽  
Stephen Oseko Migiro
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Negative Relationship ◽  
Debt Financing ◽  
Descriptive Statistics ◽  
The Other ◽  
Listed Firms ◽  
Business Failures ◽  
The Relationship

a number of business failures have not been reported in Nigeria arising from inability to payback nor does service debts .This paper empirically investigate the relationship between capital structure and firm performance in the Nigerian listed firms. A sample of 30listed firms out of a population of 173 were examined from 2005 to 2014 using multiple regression tools. Two hypotheses were formulated and tested using descriptive statistics and an econometric panel data technique to analyze the gathered data. An insignificantly negative correlation was found between financial leverage and ROA on one hand and a significantly negative relationship between debt/equity mix and ROE on the other hand. It is therefore recommended that firms should use long term liabilities to finance firm’s activities and mix debt/equity appropriately by ensuring that debt financing ratio is lower to enhance corporate performance and survival.

scholarly journals Capital Structure Decisions and Corporate Performance: Evidence from Chinese Listed Industrial Firms

2018 ◽  
Vol 7 (2) ◽  
pp. 562
Author(s):  
Ratnam Vijayakumaran
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Fixed Effects ◽  
Equity Capital ◽  
Debt Financing ◽  
Governance Mechanism ◽  
Industrial Firms ◽  
Listed Firms ◽  
Performance Effects ◽  
Fixed Effects Regression

Market imperfections such as taxes, asymmetric information and agency problems make capital structure decisions relevant to the value of the firm. More specially, the agency theory suggests that debt financing is one of the governance mechanisms to mitigate agency costs of equity capital and thus to enhance firm performance. This paper provides new empirical evidence on the performance effects of capital structure decisions using a large panel of Chinese listed industrial firms. Using fixed effects regression method, the study finds that leverage is positively related to firm performance, suggesting that debt financing now acts as a governance mechanism for Chinese listed firms to enhance their performance.

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