Capital structure decisions, agency conflicts and corporate performance: Evidence from Sri Lankan listed manufacturing firms

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dc.contributor.authorVijayakumaran, R.
dc.date.accessioned2019-02-01T05:09:13Z
dc.date.accessioned2022-06-28T03:52:11Z
dc.date.available2019-02-01T05:09:13Z
dc.date.available2022-06-28T03:52:11Z
dc.date.issued2015
dc.description.abstractCorporate capital structure decisions are key determinants of firm performance. The agency theory suggeststhat debt financing is one of the mechanismsto mitigate agency problems and thusto improve firm performance. This paper provides important evidence on the performance effects of capital structure decisions using a panel of listed manufacturing firms in the Colombo Stock Exchange (CSE) over the period 2008-2013. The Generalized Method of Moments (GMM) methodology is used to control for unobserved heterogeneity, endogeneity of capital structure decisions, and their dynamics. The study documentsthat leverage is non-linearly (U-shaped)related to firm performance.en_US
dc.identifier.urihttp://repo.lib.jfn.ac.lk/ujrr/handle/123456789/1231
dc.language.isoenen_US
dc.publisherInternational Journal of Accounting & Business Financeen_US
dc.subjectCapital structure decisionsen_US
dc.subjectagency problemen_US
dc.subjectcoporate governanceen_US
dc.subjectcorporate performance,en_US
dc.titleCapital structure decisions, agency conflicts and corporate performance: Evidence from Sri Lankan listed manufacturing firmsen_US
dc.typeOtheren_US

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