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dc.contributor.authorManawaduge, Athula
dc.contributor.authorZoysa, Anura
dc.contributor.authorChowdhury, Khorshed
dc.contributor.authorChandarakumara, Anil
dc.contributor.editorAlex Kostyuk
dc.date.accessioned2017-05-03T16:07:52Z
dc.date.available2017-05-03T16:07:52Z
dc.date.issued2011
dc.date.modified2013-06-04T23:37:48Z
dc.identifier.issn1810-3057
dc.identifier.urihttp://hdl.handle.net/10072/47243
dc.description.abstractThis 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.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent392661 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherVirtus Interpress
dc.publisher.placeUkraine
dc.publisher.urihttps://virtusinterpress.org/CAPITAL-STRUCTURE-AND-FIRM,3489.html
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom253
dc.relation.ispartofpageto263
dc.relation.ispartofissue4
dc.relation.ispartofjournalCorporate Ownership & Control
dc.relation.ispartofvolume8
dc.rights.retentionY
dc.subject.fieldofresearchFinancial Accounting
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchBusiness and Management
dc.subject.fieldofresearchcode150103
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1503
dc.titleCapital structure and firm performance in emerging economies: an empirical analysis of Sri Lankan firms
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - 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.issued2011
gro.hasfulltextFull Text
gro.griffith.authorManawaduge, Athula


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