{"id":{"repo_id":"uwtsd","oai_identifier":"oai:repository.uwtsd.ac.uk:2626"},"canonical_url":"https://search.dev.ndltd.org/etd/uwtsd/oai:repository.uwtsd.ac.uk:2626","repository":{"repo_id":"uwtsd","name":"University of Wales Trinity Saint David","base_url":"https://repository.uwtsd.ac.uk/cgi/oai2"},"display":{"title":"Does the capital structure impact the company performance: empirical research of the effect of financing decisions on a company’s profitability? Evidence from the UK Pharmaceutical and biotechnology sector","abstract":"Capital structure is among the most significant subject in finance, and managers are tasked with selecting the optimal capital structure option to improve the performance of their organisations. In this thesis, we aim to analyse how capital structure choice affects the company’s performance and value. The research was conducted using a multiple regression model on a sample of 10 pharmaceutical and biotechnological companies listed on the London FTSE all share from 2016 to 2021 for 6 years period to evaluate the type of connection between gearing and profitability. We tested the assumption that leverage positively affects profitability and boosts the value of the company by measuring the gearing with debt to Equity and debt to capital and measuring the profitability with ROE, ROA and Operating Margin. The outcomes of the findings demonstrate the favourable correlation between gearing and a company’s performance in the biotech and pharma industry.","abstract_html":"Capital structure is among the most significant subject in finance, and managers are tasked with selecting the optimal capital structure option to improve the performance of their organisations. In this thesis, we aim to analyse how capital structure choice affects the company’s performance and value. The research was conducted using a multiple regression model on a sample of 10 pharmaceutical and biotechnological companies listed on the London FTSE all share from 2016 to 2021 for 6 years period to evaluate the type of connection between gearing and profitability. We tested the assumption that leverage positively affects profitability and boosts the value of the company by measuring the gearing with debt to Equity and debt to capital and measuring the profitability with ROE, ROA and Operating Margin. The outcomes of the findings demonstrate the favourable correlation between gearing and a company’s performance in the biotech and pharma industry.","abstract_has_math":false,"creators":["Bendjazia, Noussayba"],"institution":"University of Wales Trinity Saint David","degree_name":"mba","degree_level":"masters","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2023,"date_issued":"2023-04","date_published":"2023-04","updated_at":"2026-07-24T05:52:59Z","subjects":["HB Damcaniaeth Economaidd","HF Masnach","HJ Cyllid Cyhoeddus"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier.grantnumber","label":"Dc Identifier Grantnumber","values":["UWTSD"],"render_values":[{"text":"UWTSD","href":null,"code":true}]}]},"links":{"outbound_url":"https://doi.org/10.82227/repository.uwtsd.ac.uk.00002626","outbound_label":"DOI","outbound_source":"dc:identifier.doi"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.sponsor","label":"Sponsor","values":["University of Wales Trinity Saint David"]},{"key":"dc:creator","label":"Author","values":["Bendjazia, Noussayba"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2023-04-05"]},{"key":"dc:date.issued","label":"Date","values":["2023-04"]},{"key":"dc:publisher.commercial","label":"Dc Publisher Commercial","values":["University of Wales Trinity Saint David"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Athrofa Dysgu Canol Dinas","Business School - London"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Wales Trinity Saint David"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["https://repository.uwtsd.ac.uk/id/eprint/2626/"]},{"key":"dc:type","label":"Dc Type","values":["Gosodiad"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["masters"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["mba"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["HB Damcaniaeth Economaidd","HF Masnach","HJ Cyllid Cyhoeddus"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.doi","label":"DOI","values":["10.82227/repository.uwtsd.ac.uk.00002626"]},{"key":"dc:identifier.grantnumber","label":"Dc Identifier Grantnumber","values":["UWTSD"]},{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://repository.uwtsd.ac.uk/id/eprint/2626/6/2626%20Bendjazia%2C%20N.%20Does%20the%20capital%20structure%20%282023%29.pdf"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Capital structure is among the most significant subject in finance, and managers are tasked with selecting the optimal capital structure option to improve the performance of their organisations. 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