The purpose of this study is to investigate how ﬁrm-speciﬁc characteristics determine capital structure as empirical evidence on Jordanian ﬁrms listed on Amman exchange market. In which study covers 80 ﬁrms (55) manufacturing and (25) service ﬁrms for the period (2001 - 2006). The study used ordinary least squares (OLS) regression technique to provide an evidence how ﬁrm—speciﬁc characteristics presented by tangible assets, size, growth, proﬁtability and risk which is derived from tradeoff and pecking order theories to determine capital structure presented by short term debt ratio, long term debt ratio and total debt ratio. Furthermore, the regression results proved that ﬁrm characteristics play important role to determine capital structure.
Bani-Hani, Jehad S.; حجازي, هيثم; and هياجنة, أسامة
"How Firm Specific Characteristics Determine Capital Structure: Empirical Evidence,"
Al-Balqa Journal for Research and Studies البلقاء للبحوث والدراسات: Vol. 13
, Article 7.
Available at: https://digitalcommons.aaru.edu.jo/albalqa/vol13/iss2/7