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المؤلفZeitun, Rami
المؤلفSaleh, Ali Salman
تاريخ الإتاحة2024-02-29T14:43:42Z
تاريخ النشر2015-07-06
اسم المنشورEuroMed Journal of Business
المعرّفhttp://dx.doi.org/10.1108/EMJB-08-2014-0022
الاقتباسZeitun, R., & Saleh, A. S. (2015). Dynamic performance, financial leverage and financial crisis: evidence from GCC countries. EuroMed Journal of Business, 10(2), 147-162.‏
الرقم المعياري الدولي للكتاب14502194
معرّف المصادر الموحدhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84930853165&origin=inward
معرّف المصادر الموحدhttp://hdl.handle.net/10576/52518
الملخصPurpose – The purpose of this paper is to investigate the effects of financial leverage on firm’s performance in Gulf Cooperation Council (GCC) countries. Additionally, this paper investigates the impact of recent financial crisis on GCC firms. Design/methodology/approach – The authors argue that the firm’s performance has a dynamic relationship that cannot be measured in cross-sectional data. Hence, the authors use a panel data to examine the effect of financial leverage on firm’s performance using the dynamic Generalised Method of Moments (GMM) estimator. Findings – The results from the GMM estimator show that companies’ leverage is a significant determinant of firm’s performance in GCC countries. The authors also found that financial crisis had a negative and significant impact on firms’ performance in GCC countries. Research limitations/implications – First, the data used in this paper rely on information published by the firms, and therefore, the robustness of the results were limited by the accuracy of the data provided. Second, failed firms were excluded from the study sample which may affect the results. Third, macroeconomic variables could be used in future research to investigate their impact on companies’ performance before and after the global financial crisis. Fourth, some other important variables (such as firm age and firm ownership) could be used in future studies to examine the effects of the 2008 financial crisis on companies’ performance. Practical implications – This research provides initial guidelines for policy makers in GCC countries to understand how to enhance the performance of their firms using financial leverage and other firm-specific factors. Originality/value – This is a first comprehensive study to investigate the effect of capital structure and financial crisis on firms’ performance in GCC countries.
اللغةen
الناشرEmerald Group Holdings Ltd.
الموضوعDynamic performance
Financial crisis
Financial leverage
GMM
العنوانDynamic performance, financial leverage and financial crisis: Evidence from GCC countries
النوعArticle
الصفحات147-162
رقم العدد2
رقم المجلد10
dc.accessType Abstract Only


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