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Impact of Firm Level Factors on Capital Structure: Evidence from Ethiopian Insurance Companies

Year: 2013

Type: article

Abstract: The purpose of this study is to investigate important firm-level determinants of capital structure on Ethiopian insurance companies. The study employs panel regression model. The results show that growth, profitability and age of the firm were found to have significant influence on Ethiopian insurance companies' capital structure. Liquidity and business risk were also significant for long term debt and total debt ratio respectively. However, among the hypothesized capital structure determinants asset tangibility and size of the firm were found to have statistically insignificant contribution on capital structure of Ethiopian insurance companies.

Source: Global Journal of Management and Business Research

Author: Kinde, Bayeh Asnakew

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W1840277164

FWCI: 0.549

Cites: 17

Cited by: 8

Related to: 10