Capital Structure and Corporate Performance: Evidence from Jordan

被引：0

作者：

Zeitun, Rami ^{[1
]}

Tian, Gary Gang ^{[2
]}

机构：

[1] Univ Qatar, Dept Finance & Econ, Doha, Qatar

[2] Univ Wollongong, Sch Accounting & Finance, Wollongong, NSW 2522, Australia

来源：

AUSTRALASIAN ACCOUNTING BUSINESS AND FINANCE JOURNAL | 2007年 / 1卷 / 04期

关键词：

corporate performance and failure; capital structure; Jordan;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study is to investigate the effect which capital structure has had on corporate performance using a panel data sample representing of 167 Jordanian companies during 1989-2003. Our results showed that a firm's capital structure had a significantly negative impact on the firm's performance measures, in both the accounting and market's measures. We also found that the short-term debt to total assets (STDTA) level has a significantly positive effect on the market performance measure (Tobin's Q). The Gulf Crisis 1990-1991 was found to have a positive impact on Jordanian corporate performance while the outbreak of Intifadah in the West Bank and Gaza in September 2000 had a negative impact on corporate performance.

引用

页数：22

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