Capital structure decisions, agency conflicts and corporate performance: Evidence from Sri Lankan listed manufacturing firms

Please use this identifier to cite or link to this item: http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/1065

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DC Field	Value	Language
dc.contributor.author	Vijayakumaran, R.
dc.date.accessioned	2017-08-30T03:35:36Z
dc.date.accessioned	2022-06-28T03:52:09Z	-
dc.date.available	2017-08-30T03:35:36Z
dc.date.available	2022-06-28T03:52:09Z	-
dc.date.issued	2015
dc.identifier.uri	http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/1065	-
dc.description.abstract	Corporate capital structure decisions are key determinants of firm performance. The agency theory suggeststhat debt financing is one of the mechanismsto mitigate agency problems and thusto improve firm performance. This paper provides important evidence on the performance effects of capital structure decisions using a panel of listed manufacturing firms in the Colombo Stock Exchange (CSE) over the period 2008-2013. The Generalized Method of Moments (GMM) methodology is used to control for unobserved heterogeneity, endogeneity of capital structure decisions, and their dynamics. The study documentsthat leverage is non-linearly (U-shaped)related to firm performance.	en_US
dc.language.iso	en	en_US
dc.publisher	International Journal of Accounting & Business Finance	en_US
dc.relation.ispartofseries	2015 - Issue I;
dc.subject	agency problems	en_US
dc.subject	endogeneity	en_US
dc.title	Capital structure decisions, agency conflicts and corporate performance: Evidence from Sri Lankan listed manufacturing firms	en_US
dc.type	Article	en_US
Appears in Collections:	Financial Management

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