The objective of financial management (FM) is to maximize the firm value and FM involves several finance related decisions. Capital structure is one of the financial decisions and this decision determines the mix of debt ...

In recent years, many insurance companies in Sri Lanka encounter profitability issues due to adopting adverse capital structure decisions. Accordingly, this study examines the impact of capital structure on a firms’ ...

This study examines the applicability of pecking order and static trade-off models of capital structure to Sri Lankan listed companies. Using data for 103 non-financial companies from 2007/08 to 2016/17, we test the two ...