Please use this identifier to cite or link to this item:
http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10057
Title: | Capital structure and financial performance of Sri Lankan listed companies: A panel data analysis |
Authors: | Tharsika, K. Pratheepkanth, P. |
Keywords: | Capital structure;Financial performance;Modigliani miller theory |
Issue Date: | 2023 |
Publisher: | University of Vavuniya |
Abstract: | This study delves into the capital structure debate, examining its impact on financial performance among 50 non-financial firms listed on the Colombo Stock Exchange from 2013 to 2022. It specifically analyses Short-Term Debt to Total Assets Ratio (STDTA), Long-Term Debt to Total Assets Ratio (LTDTA), and Debt-To-Equity Ratio (DTE) as indicators, with Return on Assets (ROA) as the performance metric. Results show a positive link between STDTA and LTDTA with financial performance, while DTE shows no significant correlation. This suggests firms should consider a balanced mix of short- and long-term debt to enhance profitability. Future research could explore qualitative methods for deeper insights into capital structure dynamics and firm value. |
URI: | http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/10057 |
Appears in Collections: | Accounting |
Files in This Item:
File | Description | Size | Format | |
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Capital structure and financial performance of Sri Lankan listed companies A.pdf | 479.91 kB | Adobe PDF | View/Open |
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