Capital Structure and Firm Efficiency

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Determinants of capital structure: an empirical study of firms in Iran (2015, neutral): “Several other researchers such as Chiang et al. (2010), Reinhard and Li (2010), Jordan et al. (1998) and Margaritis and Psillaki (2007) concluded that there is a positive relationship between profitability and debt ratios.”
An Empirical Analysis of Capital Structure on Firms’ Performance in Nigeria (2018, background): “, [20], Pratomo and Ismail [21], Margaritis and Psillaki [22], Zeitun and Tian [17].”
Capital structure, equity ownership and firm performance (2010, methodology): “Building on Myers (1977) and Jensen (1986), Stulz (1990) develops a model in which debt financing is shown to mitigate overinvestment problems but aggravate the underinvestment problem.”
From Finance to Marketing: The Impact of Financial Leverage on Customer Satisfaction (2015, background): “In support of this notion, Margaritis and Psillaki (2007) find strong evidence that higher leverage is associated with improved efficiency.”