The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
The impact of capital‐structure choice on firm performance: empirical evidence from Egypt
Abstract
Purpose: The purpose of this paper is to empirically investigate the impact of capital structure choice on firm performance in Egypt as one of emerging or transition economies. Design/methodology/approach: Multiple regression analysis is used in the study in estimating the relationship between the leverage level and firm's performance. Findings: Using three of accounting‐based measures of financial performance (i.e. return on equity (ROE), return on assets (ROA), and gross profit margin), and based on a sample of non‐financial Egyptian listed firms from 1997 to 2005 the results reveal that capital structure choice decision, in general terms, has a weak‐to‐no impact on firm's performance. Originality/value: This is the first study that examines the relationship between leverage level and firm performance in Egypt.
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Cites
Corporate financing and investment decisions when firms have information that investors do not have
Myers, S. C., & Majluf, N. S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90023-0 · Cited by 18,957
Determinants of corporate borrowing
Myers, S. C. (1977) · Journal of Financial Economics · doi:10.1016/0304-405x(77)90015-0 · Cited by 13,169
MYERS, S. C. (1984) · The Journal of Finance · doi:10.1111/j.1540-6261.1984.tb03646.x · Cited by 7,526
Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have
Myers, S., & Majluf, N. (1984) · doi:10.3386/w1396 · Cited by 6,745
What Do We Know about Capital Structure? Some Evidence from International Data
RAJAN, R. G., & ZINGALES, L. (1995) · The Journal of Finance · doi:10.1111/j.1540-6261.1995.tb05184.x · Cited by 6,538
The Determinants of Capital Structure Choice
TITMAN, S., & WESSELS, R. (1988) · The Journal of Finance · doi:10.1111/j.1540-6261.1988.tb02585.x · Cited by 6,112
Miller, M. H. (1977) · The Journal of Finance · doi:10.1111/j.1540-6261.1977.tb03267.x · Cited by 2,898
The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana
Abor, J. (2005) · The Journal of Risk Finance · doi:10.1108/15265940510633505 · Cited by 962
Cited by
Factors affecting profitability in Malaysia
Alarussi, A. S., & Alhaderi, S. M. (2018) · Journal of Economic Studies · doi:10.1108/jes-05-2017-0124 · Cited by 328
The Relationship between Capital Structure and Firm Performance: Evidence from Jordan
Al-Taani, K. (2013) · Journal of Finance and Accounting · doi:10.11648/j.jfa.20130103.11 · Cited by 104
Ayaz, M., Mohamed Zabri, S., & Ahmad, K. (2021) · Managerial Finance · doi:10.1108/mf-11-2019-0586 · Cited by 52
Capital structure and financial performance of listed manufacturing firms in Nigeria
A, A., O, W., & OL, Q. (2018) · Journal of Research in International Business and Management · doi:10.14303/jribm.2018.018 · Cited by 49
J.O., D., J.U., I., & J.A., A. (2023) · African Journal of Accounting and Financial Research · doi:10.52589/ajafr-kmsefq8m
Metadata
- Authors
- El‐Sayed Ebaid, I.
- Venue
- The Journal of Risk Finance
- Publisher
- Emerald
- Published
- 2009-11-06
- Volume
- 10
- Issue
- 5
- Pages
- 477-487
- ISSN
- 1526-5943 (ISSN-L)
- OpenAlex
- W2086995991
- Cited by
- 566
- References
- 8
- FWCI
- 23.93
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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