Capital structure and companies’ performance are important to corporate finance. Therefore, firms take different strategies to adjust capital structure to get a better firm performance. However still the studies mostly conducted in one country setting or neglect the angle from listed companies across countries. This thesis encompasses 2 developed countries (Germany and Sweden) and a developing country (China) to test the impact from capital structure to firm performance of period 2003-2012 with more than 1200 listed companies in Germany and Sweden and more than 1000 listed companies in China. The result shows capital structure has a significant negative effect to firm performance in China, whereas, significant positive effect in 2 European countries before financial crisis happened in 2008. I also find institutional factors and economic crisis will affect this relationship too.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hj-21994 |
| Date | January 2013 |
| Creators | He, Tianyu |
| Publisher | Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Economics, Finance and Statistics |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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