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The relationship between capital structure and firm performance of French firms: Under the moderating role of corporate governance

Year: 2025

Type: article

Abstract: This article studies the moderating effect of the corporate governance in relationship between the capital structure and the financial of listed French companies. To achieve this objective, we performed a regression on panel data relating to 57 listed companies over the period 2010-2020. First, the results of this study suggest that the debt ratio has a significantly negative effect on the financial performance of firms. Second, our sample confirmed a significantly positive relationship between corporate governance and corporate financial performance. Third, the results reveal that corporate governance can moderate the relationship between corporate debt and financial performance.

Source: International Journal For Multidisciplinary Research

DOI: 10.36948/ijfmr.2025.v07i04.51696

Authors: karama saadaoui, salah ben hamad

Institutions: University of Sfax, Faculty of Economics and Management of Sfax, Tunis University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4412596597

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