Impact of Firm Level Factors on Capital Structure: Evidence from Ethiopian Insurance Companies

Impact of Firm Level Factors on Capital Structure: Evidence from Ethiopian Insurance Companies

Mr. Bayeh Asnakew Kinde

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University of Gondar

Impact of Firm Level Factors on Capital Structure: Evidence from Ethiopian Insurance Companies

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Abstract

The purpose of this study is to investigate important firm-level determinants of capital structure on Ethiopian insurance companies. The study employs panel regression model. The results show that growth, profitability and age of the firm were found to have significant influence on Ethiopian insurance companies’ capital structure. Liquidity and business risk were also significant for long term debt and total debt ratio respectively. However, among the hypothesized capital structure determinants asset tangibility and size of the firm were found to have statistically insignificant contribution on capital structure of Ethiopian insurance companies.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Mr. Bayeh Asnakew Kinde. 2013. \u201cImpact of Firm Level Factors on Capital Structure: Evidence from Ethiopian Insurance Companies\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C4).

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GJMBR Volume 13 Issue C4

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Capital structure Ethiopia firm level factors insurance companies

Submission ReceivedDecember 15, 2012
Peer Review Double Blind
Handling Editor
Accepted January 5, 2013
Published January 15, 2013

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v1.2

Issue date

April 16, 2013

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Article Matrices

Total Score: 71

Country: Ethiopia

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Mr. Bayeh Asnakew Kinde (PhD/Dr. count: 0)

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Publish Date: 2013 04, Tue

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Total Views: 5208

Total Downloads: 2403

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