IDEAS home Printed from https://ideas.repec.org/a/eme/jrfpps/15265940911001385.html

The impact of capital‐structure choice on firm performance: empirical evidence from Egypt

Author

Listed:
  • Ibrahim El‐Sayed Ebaid

Abstract

Purpose - The purpose of this paper is to empirically investigate the impact of capital structure choice on firm performance in Egypt as one of emerging or transition economies. Design/methodology/approach - Multiple regression analysis is used in the study in estimating the relationship between the leverage level and firm's performance. Findings - Using three of accounting‐based measures of financial performance (i.e. return on equity (ROE), return on assets (ROA), and gross profit margin), and based on a sample of non‐financial Egyptian listed firms from 1997 to 2005 the results reveal that capital structure choice decision, in general terms, has a weak‐to‐no impact on firm's performance. Originality/value - This is the first study that examines the relationship between leverage level and firm performance in Egypt.

Suggested Citation

  • Ibrahim El‐Sayed Ebaid, 2009. "The impact of capital‐structure choice on firm performance: empirical evidence from Egypt," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 10(5), pages 477-487, November.
    • Handle: RePEc:eme:jrfpps:15265940911001385
    DOI: 10.1108/15265940911001385
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/15265940911001385/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/15265940911001385/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/15265940911001385?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jrfpps:15265940911001385. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.