The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms.
| dc.contributor.advisor | Majoni, Akios | |
| dc.contributor.author | Hove, Michael | |
| dc.date.accessioned | 2025-08-25T10:21:56Z | |
| dc.date.available | 2025-08-25T10:21:56Z | |
| dc.date.issued | 2025 | |
| dc.date.updated | 2025-08-25T10:18:01Z | |
| dc.description.abstract | 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. | |
| dc.identifier.apacitation | Hove, M. (2025). <i>The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms</i>. (). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/41615 | en_ZA |
| dc.identifier.chicagocitation | Hove, Michael. <i>"The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms."</i> ., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2025. http://hdl.handle.net/11427/41615 | en_ZA |
| dc.identifier.citation | Hove, M. 2025. The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. . University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. http://hdl.handle.net/11427/41615 | en_ZA |
| dc.identifier.ris | TY - Thesis / Dissertation AU - Hove, Michael AB - 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. DA - 2025 DB - OpenUCT DP - University of Cape Town KW - Nexus of Capital Structure, Profitability LK - https://open.uct.ac.za PB - University of Cape Town PY - 2025 T1 - The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms TI - The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms UR - http://hdl.handle.net/11427/41615 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/41615 | |
| dc.identifier.vancouvercitation | Hove M. The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. []. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2025 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/41615 | en_ZA |
| dc.language.iso | en | |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Department of Finance and Tax | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.publisher.institution | University of Cape Town | |
| dc.subject | Nexus of Capital Structure, Profitability | |
| dc.title | The nexus of capital structure, profitability, and the covid-19 financial crisis: an empirical analysis of South African JSE listed firms. | |
| dc.type | Thesis / Dissertation | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |