Saturday, 28 December 2024
ARTICLE

Impact of Financial Leverage on Firm Profitability: Evidence from Non-Financial Firms Listed in Colombo Stock Exchange- Sri Lanka


Abstract

Adimasu, N. A. (2019). Dividend Policy and Firm’s Profitability: Evidence from Ethiopian Private Insurance Companies. Journal of Finance and Accounting, 7(4), 116-121.

Ahmad, N., Salman, A., & Shamsi, A. (2015). Impact of Financial Leverage on Firms’ Profitability: An Investigation from Cement Sector of Pakistan. Research Journal of Finance and Accounting, 6(7), 2222-1697.

Ajanthan, A. (2013). The relationship between Dividend Payout and Firm Profitability: A Study of Listed Hotels and Restaurant Companies in Sri Lanka. International Journal of Scientific and Research Publications, 3(6), 1-6.

Bei, Z., & Wijewardana, W. P. (2012). Financial Leverage, Firm Growth and Financial Strength in the Listed Companies in Sri Lanka. Procedia-Social and Behavioral Sciences, 40, 709-715.

Gamlath, G.R.M. (2019). Impact of Financial Leverage on Firm Growth of Sri Lankan Listed Companies. Journal of Management and Tourism Research, 2(1), 65-84.

Gunarathna, V. (2016). How does Financial Leverage affect Financial Risk? An Empirical Study in Sri Lanka. Amity Journal of Finance, 1(1), 57-66.

Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and Firm Performance: New Evidence on the role of Firm Size. The North American Journal of Economics and Finance, 45, 57-82.

Ilyukhin, E. (2015). The Impact of Financial Leverage on Firm Performance: Evidence from Russia. Корпоративныефинансы, 9(2), 24-36.

Ishari, M. P. S., & Abeyrathna, S. P. G. M. (2016). The Impact of Financial Leverage on Firms’ Value (Special Reference to Listed Manufacturing Companies in Sri Lanka). International Journal of Advancement in Engineering Technology, Management and Applied Science. 3(7), 100-104.

Javeed, L., & Tabassam, R. (2018). Financial Leverage and Financial Performance: Empirical Evidence from Listed Textile Industry of Pakistan. International Journal of Accounting and Financial Reporting, 8(4), 457. https://doi. org/10.5296/ijafr. v8i4, 14136.

Kale, A. A. (2014). The Impact of Financial Leverage on Firm Performance: The Case of Non- Financial Firms in Kenya (Doctoral dissertation, University of Nairobi).

Leon, S. A. J. (2013). The Impact of Capital Structure on Financial Performance of the Listed Manufacturing Firms in Sri Lanka. Global Journal of Commerce & Management Perspective, 2(5), 56-62.

Minnema, J., & Andersson, A. (2018). The Relationship between Leverage and Profitability: A Quantitative Study of Consulting Firms in Sweden.

Modigliani, F., & Miller, M. H. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review. 48(3), 261-297.

Modigliani, F., & Miller, M. H. (1963). Corporate Income Taxes and the Cost of Capital: A Correction. The American Economic Review, 53(3), 433-443.

Myers, S. C. (2001). Capital Structure. The Journal of Economic Perspectives, 15(2), 81-102.

Nanayakkara, K. G. M., & Azeez, A. A. (2014). Predicting Corporate Financial Distress in Sri Lanka with Reference to Z-score Model. Kelaniya Journal of Management, 3(1), 1-22.

Perinpanathan, R. (2014). Impact of Financial Leverage on Financial Performance Special Reference to John Keels Holdings PLC Sri Lanka. Scientific Research Journal (SCIRJ), 2(2), 15-20.

Samarakoon, S. M., Kumara, U. E., & Gunarathne, U. G. (2014). Effect of Leverage on Profitability and Market Performance in the Manufacturing Sector of Sri Lanka: A Panel Regression Analysis. Journal of Accountancy and Finance, 1(1), 76-87.

Sivalingam, L., & Kengatharan, L. (2018). Capital Structure and Financial Performance: A Study on Commercial Banks in Sri Lanka. Asian Economic and Financial Review, 8(5), 586-598.

Sondakh, R. (2019). The Effect of Dividend Policy, Liquidity, Profitability and Firm Size on Firm Value in Financial Service Sector Industries Listed in Indonesia Stock Exchange. Journal of Accountability, 8(2), 91-101.

Zwiebel, J. (1996). Dynamic Capital Structure under Managerial Entrenchment. The American Economic Review, 1197-1215.