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Volume :8 Issue : 2 2001
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The Capital Structure of Listed Industrial Companies in Jordan
Auther : Ghassan M. K. Omet & Haitham J. Nobanee
This paper examines the capital structure of listed industrial companies in Jordan. Using firm-level panel data, the mean leverage ratios and the mean ratios of long-term debt to total debt are calculated during the time period 1978-1998. Based on the statistical analysis, it is found that company size and retained earnings divided by total assets are significant determinants of leverage. Furthermore, it is found that fixed assets to total assets are the only significant determinant factors of the debt ratios.