This paper empirically aims to analyze the effect of capital structure on financial performance.Two main sets of variables were used: For profitability, return on assets (ROA) as the ratio of net income to total assets, and return on equity (ROE) as the ratio of net income to total shareholders'...

This paper empirically aims to analyze the factors (leverage, liquidity, inventory, growth, size and firm's age) effecting financial performance. Return on assets (ROA) as the ratio of earnings before depreciation, interest and tax (EBIT) to total assets was used as a proxy for financial...