Purpose - The study seeks to find the effect of financial leverage on the firm performance of non-financial companies listed in the Tokyo stock market. Design/methodology/approach - The study collected data from 263 companies in the automobile and industrial producer sectors listed on the Tokyo...

Leverage (debt) is very important concept from the perspective of the operational side of a firm. This research study tries to make an attempt to determine the relationship between different proxy variables of leverage (closely related to capital structure) and firm's performance with special...