Leveraging Success: The Hidden Peak in Debt and Firm Performance

Leveraging Success: The Hidden Peak in Debt and Firm Performance

This study investigates the relationship between capital structure and financial performance in South African firms, focusing on the potential non-linear, inverse U-shaped effect of leverage on profitability. Drawing on data from 1548 firm-year observations covering 183 publicly listed South African...

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Bibliographic Details
Main Authors: Suzan Dsouza, Krishnamoorthy Kathavarayan, Franklin Mathias, Dharmesh Bhatia, Abdallah AlKhawaja
Format: Article
Language:English
Published: MDPI AG 2025-06-01
Series:Econometrics
Subjects:
capital structure
financial performance
system-GMM
leverage
South African firms
optimal debt ratio
Online Access:https://www.mdpi.com/2225-1146/13/2/23
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