"The role of debt financing in the relationship between capital structu" by Misbah Sadiq, Sheikh Usman Yousaf et al.
The role of debt in capital structure and firms' performance has a great novelty in reducing market imperfections that improve firms' value. This study integrated the qualitative and quantitative aspects of capital structure and firms' performance in 56 stock exchange-listed companies of Jordan by using the time series data from 2012 to 2016. The results confirmed the “stewardship theory,” "pecking order theory," and “concentrated ownership theory,” while contractionary monetary instruments diffuse the recessionary phase in a country. The results confirmed a U-...