An Empirical Analysis of Capital Structure and Firmâ€™s Financial Performance in a Developing Country

Alamgir Hossain; Abdullah Al Yousuf Khan; M. Saifullah Khalid

An Empirical Analysis of Capital Structure and Firm’s Financial Performance in a Developing Country

Alamgir Hossain * § Lecturer

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Abdullah Al Yousuf Khan

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M. Saifullah Khalid

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§ IUBATâ€”International University of Business Agricul...

An Empirical Analysis of Capital Structure and Firm’s Financial Performance in a Developing Country

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Abstract

This paper aims to empirically study the relationship between capital structure and firm’s financial performance in a developing country like Bangladesh. The investigation has been conducted through using panel data procedure for a sample of Dhaka stock market enlisted all IT firms during the year of 2013-2017. This research works have been performed through the three performance measures including return on equity, return on asset, and earnings per share as dependent variables, where capital structure is considered as debt ratio (DR), equity ratio (ER), long-term debt ratio (LTDR), short-term debt ratio (STDR) and used as independent variables. However, descriptive statistics, correlation, pooled ordinary least square analysis, fixed effect and Random effect model has been analyzed to find the relationship between capital structure and financial performance.

References

32 Cites in Article

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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

Alamgir Hossain, Abdullah Khan, M. Khalid. 2019. "An Empirical Analysis of Capital Structure and Firm’s Financial Performance in a Developing Country". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C3).

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GJMBR Volume 19 Issue C3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-C Classification JEL Code: F65

Submission ReceivedDecember 11, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

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v1.2

Issue date

April 15, 2019

Language

English

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Article Matrices

Total Score: 150

Country: Bangladesh

Subject: Global Journal of Management and Business Research

Authors: Alamgir Hossain, Abdullah Al Yousuf Khan, M. Saifullah Khalid (PhD/Dr. count: 0)

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