The Effect of Capital Structure on Financial Performance of Microfinance Institutions in Ethiopia
| dc.contributor.advisor | Duressa, Degefe (PhD) | |
| dc.contributor.author | Liku, Yohannes | |
| dc.date.accessioned | 2018-07-03T07:47:03Z | |
| dc.date.accessioned | 2023-11-08T14:37:27Z | |
| dc.date.available | 2018-07-03T07:47:03Z | |
| dc.date.available | 2023-11-08T14:37:27Z | |
| dc.date.issued | 2017-01 | |
| dc.description.abstract | This s tudy w as unde rtaken with the o bjective o f id entifying th e e ffect of c apital s tructure on microfinance institutions f inancial pe rformance i n E thiopia. T he study w as based on thirteen microfinance institutions, within the period of 2010-2015, which are practicing micro-financing business at pr esent. The c ollected s econdary dat a w ere anal yzed t hrough us age of pan el dat a analysis t echnique by t he he lp of e view 8.0 software and the finding s hows t hat m ost of t he microfinance i nstitutions had employed hi gh l everage. T he m ean t otal d ebt r atio was ar ound 63% as well as the average deposit to total asset ratio shows a mean value of 42.2%. All other variables e xcept f irm s ize do hav e a pos itive r elation w ith f inancial pe rformance measured by (profitability) of m icrofinance i nstitutions i n E thiopia. Finally, t he s tudy r ecommended t hat microfinance institutions in Ethiopia should employ more debt, which is up to optimal level in to their capital structure, so as to maximize their financial gain (profitability). Key words: Microfinance, Debt Financing, profitability, return on equity | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/5736 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Microfinance | en_US |
| dc.subject | Debt financing | en_US |
| dc.subject | profitability | en_US |
| dc.subject | Return on equity | en_US |
| dc.title | The Effect of Capital Structure on Financial Performance of Microfinance Institutions in Ethiopia | en_US |
| dc.type | Thesis | en_US |