The Effect of Capital Structure on Performance of Ethiopian Airlines
| dc.contributor.advisor | Habtamu, B. (PHD) | |
| dc.contributor.author | Temesgen, Demessie | |
| dc.date.accessioned | 2021-02-14T14:01:52Z | |
| dc.date.accessioned | 2023-11-04T07:57:53Z | |
| dc.date.available | 2021-02-14T14:01:52Z | |
| dc.date.available | 2023-11-04T07:57:53Z | |
| dc.date.issued | 2020-06 | |
| dc.description | A Thesis Submitted for the Partial Fulfillment of the Requirements for the award of the Degree of Master of Science in Accounting and Finance. | en_US |
| dc.description.abstract | Several studies on capital structure and its impact performance has been widely explored as an area of study in finance in the different parts of the world. These studies, however, end up with contrary results despite differences in economic set ups and sectors. This study, therefore, seeks to examine the effect of capital structure on performance of the Ethiopian Airlines for the period 1994- 2018. The study has adopted a quantitative research approach and collected secondary data from audited financial statements of the Ethiopian Airlines. While short term debt to total asset ratio, long term debt to total asset ratio, total debt to total asset ratio were used as variables to explain the capital structure, return on assets was used as dependent variable as performance indicator. The data were analyzed using STATA econometric software to come up with descriptive, regression and correlation results. The regression result show that short term and long term debt to asset had statistically insignificant and positive relationship with performance of Ethiopian Airlines (measured by ROA) at 5 % significance level, whereas total debt to asset had statistically insignificant negative impact on performance of Ethiopian Airlines. On the other hand, asset tangibility had statistically significant and negative relationship with performance of Ethiopian Airlines. Finally the finding shows that a negative and insignificant relationship with firms size and performance of Ethiopian Airlines. Generally, the findings revealed that capital structure has statistically insignificant impact on performance of Ethiopian Airlines. Finally, the study recommended that Ethiopian Airlines should employ an appropriate mix of capital structure and attention should be given for variables which have negative impact on performance in order to increase performance the company. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/25096 | |
| dc.language.iso | en | en_US |
| dc.publisher | A.A.U | en_US |
| dc.subject | Capital structure | en_US |
| dc.subject | Ethiopian Airlines | en_US |
| dc.subject | Firms performance | en_US |
| dc.title | The Effect of Capital Structure on Performance of Ethiopian Airlines | en_US |
| dc.type | Thesis | en_US |