1、外文标题: Capital structure and corporate performance: evidence from Jordan 外文作者: Rami Zeitun and Gary Gang Tian 文献出处 : Australasian Accounting Business & Finance Journal, 2007 英文 1689单词, 8276字符,中
2、文 2309汉字。 此文档是外文翻译成品,无需调整复杂的格式哦!下载之后直接可用 ,方便快捷!只需二十多元。 Capital structure and corporate performance: evidence from Jordan Rami Zeitun and Gary Gang Tian The objective of the current paper is to examine the effect which capital structure has on corporate performance in Jordan. There is a l
3、ack of empirical evidence about the effect of capital structure on the performance of firms in both developed and developing countries. Most of the previous evidence on capital structure comes from the determinants of corporate debt ratio. To the best of the authors knowledge, this research provides
4、 the first attempt to investigate the effect of capital structure on corporate performance in Jordan. Our reason for choosing Jordan as a case for this topic is its uniqueness, which we discuss below. First, the Jordanian economy has been subject to a large number of external shocks in the Middle Ea
5、st region during the period of our study. Secondly, the banking system in Jordan also makes this study unique.Thirdly, it is worth noting that both Islamic and non-Islamic banks have a credit policy.The concept of performance is a controversial issue in finance largely due to its multi- dimensional
6、meanings. Research on firm performance emanates from organization theory and strategic management (Murphy et al., 1996). Performance measures are either financial or organisational. Financial performance such as profit maximisation, maximising profit on assets, and maximising shareholders' benefits are at the core of the firms effectiveness (Chakravarthy, 1986). Operational performance measures, such as growth in sales and growth in market share.Table 1 reports summary statistics for the variables used in the study. The average return to assets for the sample as a whole is 1.2%, w