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Title: The impact of financial structure on the performance of European listed firms
Authors: El-Chaarani, Hani
Keywords: Business enterprises -- Europe
Business enterprises -- Law and legislation -- Europe
Business enterprises -- Finance
Financial leverage -- Europe
Issue Date: 2014
Publisher: University of Piraeus. International Strategic Management Association
Citation: El-Chaarani, H. (2014). The impact of financial structure on the performance of European listed firms. European Research Studies Journal, 17(3), 103-124.
Abstract: By considering different systems of legal protection this study examines the impact of capital structure on the performance of listed firms in European region. Based on 5050 listed firms in eight European countries, the results of the study reveal that the owners in low level of legal protection are more likely to use the capital structure of the firms in order to serve their proper interests. In high level of legal protection, the market based system and the debts are enrolled to constraint the expropriation of private benefits.
Appears in Collections:European Research Studies Journal, Volume 17, Issue 3

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