Providing Performance Business Activity In Canadian Companies
DOI:
https://doi.org/10.18371/fp.4(32).2018.176521Ключові слова:
Canada, company, short-term, long-term and total debt ratios, return on assets, return on equity, and market-based measureАнотація
This publication investigated the impact of capital structure choice on firm per-formance activity in Canada. Short-term, long-term and total debt ratios were employed as capital structure determinants. In order to estimate regression properly, control variables were taken, such as firm size, growth, asset tangibility and turnover ratios. Measuring the business activities effectiveness in Canadian firms was performed using the following indexes: return on assets (ROA), return
on equity (ROE), and market-based measure (Tobin’s Q). According to the results of the regression analysis, it was installed that in Canada capital structure does not impact on ROE; capital structure has an impact on ROA and Tobin’s Q. Proposed approach will allow increasing the management effectiveness in Canadian companies.Посилання
Bigelli, M., Martin-Ugedo, J. F., & Sanchez-Vidal, F. J. (2014). Financial conservatism of private firms. Journal of business research, 67 (11), 2419—2427.
Chernenko, D. (2018). Capital structure of Ukrainian non-financial companies in historical perspective. Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Ekonomika — Bulletin of the Taras Shevchenko National University of Kyiv. Economy, 1 (196), 84—92.
Wang, H. (et al.). (2014). What determine firms᾿ capital structure in China? Managerial finance, 40 (10), 1024—1039.
Kayhan, A., & Titman, S. (2007). Firms᾿ histories and their capital structures. Journal of financial economics, 83 (1), 1—32.
Dong-Hyeon, K., Lin, Shu-Chin, & Chen, Ting-Cih. (2016). Financial structure, firm size and industry growth. International Review of Economics and Finance, 41 (January), 23—39.
Komakech, S. (2018). Firm ownership and financial structure in less developed economies: empirical evidence from three sub-Saharan. A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy of Loughborough University. Retrieved from http://ethos.bl.uk/ OrderDetails.do?uin=uk.bl.ethos.747958.
Le, Thi, Phuong, Vy, & Phan, Thi, Bich, Nguyet. (2017). Capital structure and firm performance: Empirical evidence from a small transition country. Research in international business and finance, 42, 710—726.
Li, Peixin, & Wang, Baolian. (2014). Overseas listing location and capital structure. China finance review international, 4 (1), 3—23.
Mani, Y., & Lakhal, L. (2015). Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship. International Journal of Entrepreneurial Behaviour & Research, 21 (6). Retrieved from https://www.bl.uk/collection-items/exploring-the-family-effect-on-firmperformance-the-impact-of-internal-social-capital-dimensions-on-family-firm-performance-1.
Tudose, M. B., & Rusu, V. D. (2018). Analysis of the effects of financing and risk management on the value of firms listed on the Bucharest stock exchange. Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 1 (2), 44—58.
Rossi, M. (2014). Capital structure of small and medium enterprises: the Italian case. International journal of globalisation and small business, 6 (2), 130—144.
Zhibo, T., Wei, Shang-Jin, & Yao, Yang. (2015). Financial structure, corporate savings and current account imbalances / Tan Zhibo;; // Journal of international money and finance, 54 (September), 142—167.
Tse, Chin-Bun, & Rodgers, Timothy. (2014). The capital structure of Chinese listed firms: is manufacturing industry special? Managerial finance, 40 (5), 469—486.
Abdulla, Y. (2017). Capital structure in a tax-free economy: evidence from UAE. International journal of Islamic and Middle Eastern finance and management, 10 (1), 102—116.
S&P Global: official Internet-resource. Retrieved from https://www.standardandpoors.com/en_US/ web/guest/home.
##submission.downloads##
Опубліковано
Номер
Розділ
Ліцензія
Під час подання рукопису до журналу автори повинні підтвердити його відповідність всім встановленим вимогам, вказаним нижче. В разі виявлення невідповідності поданої роботи пунктам цих вимог редакція повертатиме авторам матеріали на доопрацювання.
Імена та електронні адреси, вказані користувачами на сайті цього журналу, будуть використані виключно для виконання внутрішніх технічних завдань цього журналу; вони не будуть поширюватись та передаватись стороннім особам.
