%0 Journal Article
%T Capital Structure and Corporate Performance: Evidence from Jordan
%A Rami Zeitun
%A Gary Gang Tian
%J Australasian Accounting Business and Finance Journal
%D 2007
%I University of Wollongong
%X This study is to investigate the effect which capital structure has had on corporate performanceusing a panel data sample representing of 167 Jordanian companies during 1989-2003. Ourresults showed that a firm¡¯s capital structure had a significantly negative impact on the firm¡¯sperformance measures, in both the accounting and market¡¯s measures. We also found that theshort-term debt to total assets (STDTA) level has a significantly positive effect on the marketperformance measure (Tobin¡¯s Q). The Gulf Crisis 1990-1991 was found to have a positiveimpact on Jordanian corporate performance while the outbreak of Intifadah in the West Bank andGaza in September 2000 had a negative impact on corporate performance.
%K Corporate performance and failure
%K capital structure
%K Jordan
%U http://ro.uow.edu.au/aabfj/vol1/iss4/3