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financial structure that has the purpose of maximizing business performance in the sense of maximizing profitability and return … profitability (measured by rates of return on equity). This paper seeks to answer the question of cause and effect in the context of … financial structure and profitability of the company: whether a certain financial structure (higher or lower indebtedness …
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Employing the difference-in-differences technique, this study examines the impact of the Employment Tax Incentive programme on a large sample of South African firms from 2011 to 2016. It finds that programme firms expanded investments by 4.8 per cent, and profits by 5.7 per cent. Consistent with...
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