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.
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页数：22
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