Liquidity and capital structure: special reference to manufacturing sector in the Colombo stock market.

Jahfer, A.; Madurasinghe, S. I.

dc.contributor.author	Jahfer, A.
dc.contributor.author	Madurasinghe, S. I.
dc.date.accessioned	2019-10-16T09:43:24Z
dc.date.available	2019-10-16T09:43:24Z
dc.date.issued	2019
dc.identifier.citation	Journal of Management, 14 (2); 69-77	en_US
dc.identifier.issn	1391-8230
dc.identifier.uri	http://ir.lib.seu.ac.lk/handle/123456789/3767
dc.description.abstract	The aim of the research is to investigate the association between capital structure and liquidity of listed manufacturing sector in Sri Lanka. Data was gathered from annual reports of 37 manufacturing companies listed in the Colombo stock exchange during 2009 to 2016. It was analysed using panel data fixed effect models. The results show that all liquidity ratios namely: Current, Cash and Quick are significantly negatively associated with capital structure and liquidity ratio is also insignificantly negatively associated with capital structure. Therefore, we could conclude that there is a negative relationship between liquidity and capital structure among the manufacturing companies in Sri Lanka. Further, it was found that size of the firms is significantly negatively associated with capital structure while Profit and Non-Debt Tax Shield are significantly positively associated with capital structure. There is no any significant relationship between tangibility and capital structure.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Faculty of Management and Commerce, South Eastern University of Sri Lanka.	en_US
dc.subject	Capital structure	en_US
dc.subject	Liquidity	en_US
dc.subject	Profit	en_US
dc.subject	Tangibility	en_US
dc.subject	Size	en_US
dc.subject	Non-Debt Tax Shield JEL classification	en_US
dc.title	Liquidity and capital structure: special reference to manufacturing sector in the Colombo stock market.	en_US
dc.type	Article	en_US