Effect of capital structure on organizational performanceof selected firms in Ghana

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dc.contributor.authorBoloupremo, Tarika
dc.contributor.authorAgboufa, Maxwell Keme
dc.date.accessioned2024-07-31T12:28:05Z
dc.date.available2024-07-31T12:28:05Z
dc.date.issued2024en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractOne significant decision which impacts on the continued existence of a business firm is its capital structure decision. The finance mix of a business organisation is characterised by external influences, interest and complexities which can impact on the financial performance of the business organisation. This study investigated the impact of capital structure on the performance of selected manufacturing companies in Ghana. Data from the annual reports of the manufacturing firms listed on the Ghanaian stock market from 2011-2021 were employed and analysed using Panel regression technique. Return on Asset (ROA) was employed to represent performance of the listed companies while short-term debt, long term debt, leverage, size and liquidity ratio represented the independent variables for capital structure. Findings from the study suggest Long-term-debt-ratio has a positive and significant relationship with the financial performance of the listed firms, short-term-debt-ratio has a positive and insignificant relationship with the financial performance of the selected firms, Leverage was observed to have a negative and insignificant influence on the financial performance of the firms, firm size has a direct yet significant influence on the financial performance of the selected firms and liquidity ratio (LR) of the firms suggest a positive and significant influence on financial performance of the firms. There should be close supervision on the debt composition of the listed manufacturing firm’s capital to curtail potential bankruptcy and credit risks exposures.en_US
dc.identifier.endpage146en_US
dc.identifier.issue1en_US
dc.identifier.startpage132en_US
dc.identifier.urihttps://hdl.handle.net/11467/7402
dc.identifier.volume10en_US
dc.language.isoenen_US
dc.publisherIstanbul Commerce Universityen_US
dc.relation.ispartofInternational Journal of Commerce and Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectROA, Debt, Leverage, Capital Structure, Equityen_US
dc.titleEffect of capital structure on organizational performanceof selected firms in Ghanaen_US
dc.typeArticleen_US

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