Using cross-sectional panel data over eleven years (2009-2019), or 1001 firm-year observations, this study examines the relationship between capital structure and firm performance of service sector firms from Australian stock market. Unlike other studies, in this study directional causalities of...

The relationship between capital structure and firm performance has been examined in different countries for decades. The current study is aimed to extend this body of research to include the Australian service-sector. Using cross sectional panel data from 63 Australian listed companies over...