Examination of capital structure impact on profitability and share returns: evidence from pharmaceutical and biotech industry on FTSE-all shares index.

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.

Name dc:type.qualificationname

mba

Level dc:type.qualificationlevel

masters

Grantor dc:publisher.institution

University of Wales Trinity Saint David

Year dc:date.issued

2023

Author dc:creator

• Adesuyi, Alexander Adeyinka

• HD Diwydiannau. Defnydd tir. Llafur
• HG Cyllid
• RM Therapiwteg. Ffarmacoleg

Dc Identifier Grantnumber

UWTSD

OAI identifier oai:identifier

oai:repository.uwtsd.ac.uk:2932