Capital Structure and Profitability: An Empirical Analysis of SMEs in the UK

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dc.contributor.authorAbeywardhana, D.K.Y.
dc.date.accessioned2016-08-16T06:37:43Z
dc.date.available2016-08-16T06:37:43Z
dc.date.issued2015
dc.description.abstractThis study examines the relationship between capital structure and the profitability of non- financial SMEs in the UK for the period of 1998-2008. Using the Two Stage Least Squares, (2SLS) the results show a significant relationship with capital structure and profitability which is negatively related. The size of the firm appears a more important factor that determines the profitability in SMEs in the UK. There is consistent evidence for positive size- profitability relationship. The results of this study have shown that the capital structure of the firm has a significant influence on the profitability of SMEs in the UK. Especially, long-term debt to total assets ratio is negatively related with the profitability and this is an indication that SMEs are averse to use more equity because of the fear of losing the control.en_US
dc.identifier.citationAbeywardhana, D.K.Y. 2015. Capital Structure and Profitability: An Empirical Analysis of SMEs in the UK. Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB), 4(2).en_US
dc.identifier.issn2306-367X
dc.identifier.urihttp://repository.kln.ac.lk/handle/123456789/14003
dc.language.isoenen_US
dc.subjectCapital Structureen_US
dc.subjectProfitabilityen_US
dc.subjectSMEen_US
dc.subjectLeverageen_US
dc.titleCapital Structure and Profitability: An Empirical Analysis of SMEs in the UKen_US
dc.typeArticleen_US

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