Adesuyi, Alexander Adeyinka (2023) Examination of capital structure impact on profitability and share returns: evidence from pharmaceutical and biotech industry on FTSE-all shares index. Masters thesis, University of Wales Trinity Saint David.
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Abstract
This study examines the impact of capital structure on profitability and share returns of quoted pharmaceutical and Bio-Tech on the FTSE All Share index, UK. The empirical test was conducted on 30 companies using a multiple linear regression model with the aid of Excel. Based on a 0.05% significant level, I found that the relationship between share returns and capital structure is statistically insignificant. Also, the relationship between profitability and capital structure is insignificant. However, there are mixed reports between capital structure ROE and ROA relationship. The research findings reveal no correlation between share returns and capital structure, but a correlation exists between profitability and capital structure.
| Item Type: | Thesis (Masters) |
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| Uncontrolled Keywords: | FTSE All Share, Gearing, Capital structure, Equity, Pharmaceutical, Bio-Tech. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance R Medicine > RM Therapeutics. Pharmacology |
| Divisions: | Theses and Dissertations > Masters Dissertations |
| Depositing User: | Lesley Cresswell |
| Date Deposited: | 29 Apr 2024 12:24 |
| Last Modified: | 29 Apr 2024 12:24 |
| URI: | https://repository.uwtsd.ac.uk/id/eprint/2932 |
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