Australasian Accounting Business and Finance Journal
Capital structure and corporate performance: evidence from Jordan
Abstract
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.Citation
Zeitun, R. and Tian, G. G.
(2007)
"Capital structure and corporate performance: evidence from Jordan,"
Australasian Accounting Business and Finance Journal:
Vol. 1: Iss. 4, Article 3.
Available at: http://ro.uow.edu.au/aabfj/vol1/iss4/3
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