Capital Structure and Firm Performance During Global Financial Crisis

Cilt: 7 Sayı: 4 1 Aralık 2017
  • Marzieh Khodavandloo
  • Zukarnain Zakaria
  • Annuar Md. Nassir
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Capital Structure and Firm Performance During Global Financial Crisis

Abstract

The relationship between capital structure and firm performance has been extensively investigated in the recent decades. However, only few studies investigate this relationship during financial crisis. Recent global financial crisis provides an opportunity to examine the effect of the crisis on the relationship between capital structure and firm performance. Therefore, this paper aims to investigate this relationship based on 45 listed companies involved in trading and services sector of the Bursa Malaysia, over three specific periods of recent financial crises; the pre-crisis (2004-2006), crisis (2007-2009), and post-crisis recovery (2010-2013). The study results indicate that financial leverage has a strong negative impact on firms’ performance. These results are stronger during the global financial crisis began in 2007 and ended in 2009. These results observed in both simple regression and cross-sectional analyses even after controlling for firm specific measures.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

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Bölüm

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Yazarlar

Marzieh Khodavandloo Bu kişi benim

Zukarnain Zakaria Bu kişi benim

Annuar Md. Nassir Bu kişi benim

Yayımlanma Tarihi

1 Aralık 2017

Gönderilme Tarihi

1 Aralık 2017

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 7 Sayı: 4

Kaynak Göster

APA
Khodavandloo, M., Zakaria, Z., & Nassir, A. M. (2017). Capital Structure and Firm Performance During Global Financial Crisis. International Journal of Economics and Financial Issues, 7(4), 498-506. https://izlik.org/JA45XH52CK
AMA
1.Khodavandloo M, Zakaria Z, Nassir AM. Capital Structure and Firm Performance During Global Financial Crisis. IJEFI. 2017;7(4):498-506. https://izlik.org/JA45XH52CK
Chicago
Khodavandloo, Marzieh, Zukarnain Zakaria, ve Annuar Md. Nassir. 2017. “Capital Structure and Firm Performance During Global Financial Crisis”. International Journal of Economics and Financial Issues 7 (4): 498-506. https://izlik.org/JA45XH52CK.
EndNote
Khodavandloo M, Zakaria Z, Nassir AM (01 Aralık 2017) Capital Structure and Firm Performance During Global Financial Crisis. International Journal of Economics and Financial Issues 7 4 498–506.
IEEE
[1]M. Khodavandloo, Z. Zakaria, ve A. M. Nassir, “Capital Structure and Firm Performance During Global Financial Crisis”, IJEFI, c. 7, sy 4, ss. 498–506, Ara. 2017, [çevrimiçi]. Erişim adresi: https://izlik.org/JA45XH52CK
ISNAD
Khodavandloo, Marzieh - Zakaria, Zukarnain - Nassir, Annuar Md. “Capital Structure and Firm Performance During Global Financial Crisis”. International Journal of Economics and Financial Issues 7/4 (01 Aralık 2017): 498-506. https://izlik.org/JA45XH52CK.
JAMA
1.Khodavandloo M, Zakaria Z, Nassir AM. Capital Structure and Firm Performance During Global Financial Crisis. IJEFI. 2017;7:498–506.
MLA
Khodavandloo, Marzieh, vd. “Capital Structure and Firm Performance During Global Financial Crisis”. International Journal of Economics and Financial Issues, c. 7, sy 4, Aralık 2017, ss. 498-06, https://izlik.org/JA45XH52CK.
Vancouver
1.Marzieh Khodavandloo, Zukarnain Zakaria, Annuar Md. Nassir. Capital Structure and Firm Performance During Global Financial Crisis. IJEFI [Internet]. 01 Aralık 2017;7(4):498-506. Erişim adresi: https://izlik.org/JA45XH52CK