Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms.
This study explored the interplay between capital structure choices and financial performance across 72 JSE-listed firms, spanning 2008 - 2022. By employing panel data regression, the data sourced from financial reports underwent an analysis using descriptive statistics, correlation matrices, and fi...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English English |
| Published: |
Department of Finance and Tax
2025
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613244703637504 |
|---|---|
| access_status_str | Open Access |
| author | Hove, Michael |
| author2 | Majoni, Akios |
| author_browse | Hove, Michael Majoni, Akios |
| author_facet | Majoni, Akios Hove, Michael |
| author_sort | Hove, Michael |
| collection | Thesis |
| description | This study explored the interplay between capital structure choices and financial performance across 72 JSE-listed firms, spanning 2008 - 2022. By employing panel data regression, the data sourced from financial reports underwent an analysis using descriptive statistics, correlation matrices, and fixed effects regression models. Findings revealed negative associations between debt ratios and profitability metrics over the full sample period. The study addressed the COVID-19 pandemic's influence, and the results were consistent even during the crisis. In conclusion, this research potentially presents invaluable insights for stakeholders navigating the dynamic landscape of capital structure decisions and their profound implications on financial performance within the South African market, even amidst the disruptive forces of a global pandemic. As more debt usage was found to have a negative effect on profitability, firms would have to make courteous decisions in adding more debt to their capital structure(s) to avoid its dire effects on the bottom line. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/41615 |
| institution | University of Cape Town (South Africa) |
| language | English eng |
| last_indexed | 2026-06-10T12:33:04.194Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/41615 The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. Hove, Michael Majoni, Akios Nexus of Capital Structure, Profitability This study explored the interplay between capital structure choices and financial performance across 72 JSE-listed firms, spanning 2008 - 2022. By employing panel data regression, the data sourced from financial reports underwent an analysis using descriptive statistics, correlation matrices, and fixed effects regression models. Findings revealed negative associations between debt ratios and profitability metrics over the full sample period. The study addressed the COVID-19 pandemic's influence, and the results were consistent even during the crisis. In conclusion, this research potentially presents invaluable insights for stakeholders navigating the dynamic landscape of capital structure decisions and their profound implications on financial performance within the South African market, even amidst the disruptive forces of a global pandemic. As more debt usage was found to have a negative effect on profitability, firms would have to make courteous decisions in adding more debt to their capital structure(s) to avoid its dire effects on the bottom line. 2025-08-25T10:21:56Z 2025-08-25T10:21:56Z 2025 2025-08-25T10:18:01Z Thesis / Dissertation Masters MCom http://hdl.handle.net/11427/41615 en eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Nexus of Capital Structure, Profitability Hove, Michael The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| thesis_degree_str | Master's |
| title | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| title_full | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| title_fullStr | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| title_full_unstemmed | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| title_short | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. |
| title_sort | nexus of capital structure profitability and the covid 19 financial crisis an empirical analysis of south african jse listed firms |
| topic | Nexus of Capital Structure, Profitability |
| url | http://hdl.handle.net/11427/41615 |
| work_keys_str_mv | AT hovemichael thenexusofcapitalstructureprofitabilityandthecovid19financialcrisisanempiricalanalysisofsouthafricanjselistedfirms AT hovemichael nexusofcapitalstructureprofitabilityandthecovid19financialcrisisanempiricalanalysisofsouthafricanjselistedfirms |