AFFECT OF CAPITAL STRUCTURE ON FIRM PERFORMANCE EVIDENCE FROM JOINT STOCK COMPANIES OF DA NANG CITY

Abstract

This post  investigates the affect of capital  structure on firm performance evidence  from joint stock  companies  of Da nang city. The study regression model using a panel data sample of 150 joint stock companies of Da nang city during the period 2017-2019. The results show that firm capital structure has a significantly negative effect on firm's performance represented by Return on Equity (ROE), Return on Assets (ROA) and Earning per Share (EPS). Besides, it is pointed out that firm size affects positively on ROA and EPS. Finally, grow opportunities and asset structrure are found to be negatively related to ROE and ROA.