The impact of financial structure towards performance of non-financial companies listed on amman stock exchange / Laith Fouad Alshouha … [et al.]

Alshouha, Laith Fouad and Mokhtar, Mohd Zulkifli and Nik Mohd Rashid, Nik Mohd Norfadzilah and Wan Ismail, Wan Nur Syahida (2021) The impact of financial structure towards performance of non-financial companies listed on amman stock exchange / Laith Fouad Alshouha … [et al.]. Management & Accounting Review (MAR), 20 (1). pp. 61-84. ISSN (eISSN):2550-1895

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Official URL: https://mar.uitm.edu.my/

Abstract

The purpose of the current study was to investigate the relationship between financial structure towards the financial performance of companies listed on Amman stock exchange (ASE) as one of the emerging economies. This paper adopted a panel data set of 88 non-financial companies listed on the ASE over a period of 10 years from 2009 to 2018. According to empirical results that there is significant evidence to support the fact that debt repaying ability (DRAB), managerial ownership (MANOW), and foreign ownership (FOROW) are positively related to firm performance. Otherwise, the findings revealed no evidence to support the impact of the financial structure ability (FSA) towards firm performance. Moreover, the findings support the fact that firm size (SIZ) has a positive impact on firm performance of companies listed on the ASE. On the other hand, (AGE) has a negative impact on firm performance, while (GROWTH) has no impact on firm performance. The current study encourages managers to maintain a good percentage of debt repaying ability and owners to grant shares as managers’ incentives, and also to attract foreign investors. Future studies, should try applying the current study on the financial sector.

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Item Type: Article
Creators:
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Alshouha, Laith Fouad
UNSPECIFIED
Mokhtar, Mohd Zulkifli
UNSPECIFIED
Nik Mohd Rashid, Nik Mohd Norfadzilah
UNSPECIFIED
Wan Ismail, Wan Nur Syahida
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HG Finance > Investment, capital formation, speculation > Investment companies. Investment trusts. Mutual funds
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Management & Accounting Review (MAR)
UiTM Journal Collections: UiTM Journal > Management & Accounting Review (MAR)
ISSN: (eISSN):2550-1895
Volume: 20
Number: 1
Page Range: pp. 61-84
Official URL: https://mar.uitm.edu.my/
Item ID: 47754
Uncontrolled Keywords: Financial Structure Ability, Debt Repaying Ability, Managerial Ownership
URI: https://ir.uitm.edu.my/id/eprint/47754

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47754

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