Consequences of Sudan Split on the Firm’s Capital Structure  

作　　者：Mohamad Youness 

机构地区：[1]The Bucharest University of Economic Studies,Bucharest,Romania

出　　处：《China-USA Business Review》2022年第1期24-35,共12页美中经济评论（英文版）

摘　　要：This paper addresses the consequences of political exits and the split of countries on the corporate financial policies,especially the capital structure policy,taking the split of Sudan and South Sudan in 2011 as a practical case.The split between the two parties presents a challenge for the companies working there,where they have not experienced such a situation before.The paper studies the consequences of the Sudan split on the capital structure policy during the period before and after the split,between 2008 and 2015,using the database of the studied companies from Sudan.In addition,a regression analysis was adopted to analyse and interpret the financial data of the companies,which will help to notice the impact of the split on the capital structure determinants and variables.The determinants and proxies of the study were leverage,profitability,tangibility,liquidity,and size.The results show that leverage has a positive relationship with tangibility and liquidity.On the other side,leverage has a negative relationship with profitability and size.Moreover,the results show that political decisions such as the split of countries have a lot of impacts and implications on the corporate financial policies,especially the capital structure.

关 键 词：POLITICAL exits CAPITAL structure SUDAN SPLIT 

分 类 号：F41[经济管理—产业经济]