Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Determinants of Capital Structure in Financial Institutions: Evidence from selected Micro Finance Institutions of Ethiopia

Version 1 : Received: 17 January 2021 / Approved: 18 January 2021 / Online: 18 January 2021 (14:50:08 CET)

How to cite: Orkaido, K. Determinants of Capital Structure in Financial Institutions: Evidence from selected Micro Finance Institutions of Ethiopia. Preprints 2021, 2021010349 (doi: 10.20944/preprints202101.0349.v1). Orkaido, K. Determinants of Capital Structure in Financial Institutions: Evidence from selected Micro Finance Institutions of Ethiopia. Preprints 2021, 2021010349 (doi: 10.20944/preprints202101.0349.v1).

Abstract

The aim of this study was to identify MFIs specific determinants of capital structure of selected micro finance institutions in Ethiopia. The researcher employed quantitative research approach with explanatory research design. The result of regression analysis showed that out that variables like growth, profitability, firm size, age, and asset tangibility have positive and statistically significant effect on leverage ratio. Whereas, profitability has statistically significant and negative effect on capital structure. Based on the findings of the study, the researcher concluded that the firm specific determinants of capital structure of micro finance institutions in Ethiopia were growth, profitability, firm size, age, and asset tangibility.

Subject Areas

Capital structure; Determinants; Microfinance Institutions; Random effect Model

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