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Determinants of Capital Structure: Evidence from Jordan

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  • Sufian Radwan Almanaseer

Abstract

This study aimed to explore the determinants of the capital structure of the banks listed in the Amman Stock Exchange. A sample of 13 Jordanian commercial banks of 16 banks listed on the Amman Stock Exchange selected for the period 2008-2017. The current study applied a fixed-effects regression model by using e-views to analyze the relationship between financial leverage and firm characteristics such as Risk, Size, profitability, Growth, liquidity, Tax, Age, tangibility, and macroeconomic variables such as Gross Domestic Product, Inflation. The study finds a significant positive relationship between financial leverage, age, growth, risk, size, and tax. Also, the study finds a significant negative relationship between financial leverage with GDP, inflation, liquidity, profitability, and tangibility.

Suggested Citation

  • Sufian Radwan Almanaseer, 2019. "Determinants of Capital Structure: Evidence from Jordan," Accounting and Finance Research, Sciedu Press, vol. 8(4), pages 186-186, November.
    • Handle: RePEc:jfr:afr111:v:8:y:2019:i:4:p:186
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    References listed on IDEAS

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    Cited by:

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    2. Ndonwabile Zimasa Mabandla & Godfrey Marozva, 2024. "Government Borrowing and South African Banks’ Capital Structure: A System GMM Approach," Risks, MDPI, vol. 12(7), pages 1-16, July.
    3. Elijah Adeiza Evinemi & Steve Emeka Emengini, 2024. "The Evaluation of Liquidity and Capital Structure of Manufacturing Firms in Nigeria," International Journal of Economics and Financial Issues, Econjournals, vol. 14(3), pages 212-218, May.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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