dc.contributor.author | Manawaduge, Athula | |
dc.contributor.author | Zoysa, Anura | |
dc.contributor.author | Chowdhury, Khorshed | |
dc.contributor.author | Chandarakumara, Anil | |
dc.contributor.editor | Alex Kostyuk | |
dc.date.accessioned | 2017-05-03T16:07:52Z | |
dc.date.available | 2017-05-03T16:07:52Z | |
dc.date.issued | 2011 | |
dc.date.modified | 2013-06-04T23:37:48Z | |
dc.identifier.issn | 1810-3057 | |
dc.identifier.uri | http://hdl.handle.net/10072/47243 | |
dc.description.abstract | This paper offers an empirical analysis of the impact of capital structure on firm performance in the context of an emerging market-Sri Lanka. The study applies both pooled and panel data regression models for a sample of 155 Sri Lankan-listed firms. The results demonstrate that most of the Sri Lankan firms finance their operations with short-term debt capital as against the long-term debt capital and provide strong evidence that the firm performance is negatively affected by the use of debt capital. The study also finds a significant negative relationship between tangibility and performance indicating inefficient utilization of non-current assets. The negative performance implications associated with over-utilization of short-term debts and the under-utilization non-current assets provide corporate managers with useful policy directions. | |
dc.description.peerreviewed | Yes | |
dc.description.publicationstatus | Yes | |
dc.format.extent | 392661 bytes | |
dc.format.mimetype | application/pdf | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Virtus Interpress | |
dc.publisher.place | Ukraine | |
dc.publisher.uri | https://virtusinterpress.org/CAPITAL-STRUCTURE-AND-FIRM,3489.html | |
dc.relation.ispartofstudentpublication | N | |
dc.relation.ispartofpagefrom | 253 | |
dc.relation.ispartofpageto | 263 | |
dc.relation.ispartofissue | 4 | |
dc.relation.ispartofjournal | Corporate Ownership & Control | |
dc.relation.ispartofvolume | 8 | |
dc.rights.retention | Y | |
dc.subject.fieldofresearch | Financial Accounting | |
dc.subject.fieldofresearch | Accounting, Auditing and Accountability | |
dc.subject.fieldofresearch | Banking, Finance and Investment | |
dc.subject.fieldofresearch | Business and Management | |
dc.subject.fieldofresearchcode | 150103 | |
dc.subject.fieldofresearchcode | 1501 | |
dc.subject.fieldofresearchcode | 1502 | |
dc.subject.fieldofresearchcode | 1503 | |
dc.title | Capital structure and firm performance in emerging economies: an empirical analysis of Sri Lankan firms | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.rights.copyright | © 2011 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version. | |
gro.date.issued | 2011 | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Manawaduge, Athula | |