The effects of capital structure on accrual- and cash-flow-based performance of US banks

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dc.contributor.authorHoque, Moksidul
dc.contributor.authorUniversity of Lethbridge. Dhillon School of Business.
dc.contributor.supervisorAsem, Ebenezer
dc.contributor.supervisorAlam, Shamsul
dc.date.accessioned2019-09-06T17:09:57Z
dc.date.available2019-09-06T17:09:57Z
dc.date.issued2019
dc.degree.levelMastersen_US
dc.description.abstractThis study investigates the inverted-U effects of capital structure on accrual- and cash-flow-based performance of US banks from 1980 to 2017. Capital structure is measured by the debt to assets ratio, accrual-based performance is measured by return on assets, and cash-flow-based performance by cash-flow on assets. We use panel data analysis - pooled ordinary least square, fixed effects, and random-effects models. Collectively, our results support the inverted-U effects of capital structure on accrual- and cash-flow-based performance. Cash-flow-based performance is higher than accrual-based performance at all levels of debt. Cash-flow-based performance recommends a higher level of debt in the optimum capital structure. We also find that the following bank characteristics are significant in explaining the relationship between capital structure and bank performance: size, asset turnover, net loans to deposits, and loan loss reserves to assets.en_US
dc.identifier.urihttps://hdl.handle.net/10133/5553
dc.language.isoen_CAen_US
dc.proquest.subject0277en_US
dc.proquest.subject0770en_US
dc.proquest.subject0688en_US
dc.proquestyesYesen_US
dc.publisherLethbridge, Alta. : University of Lethbridge, Dhillon School of Business
dc.publisher.facultyDhillon School of Businessen_US
dc.relation.ispartofseriesThesis (University of Lethbridge. Dhillon School of Business)
dc.subjectaccrual-based performance
dc.subjectcapital structure
dc.subjectcash-flow-based performance
dc.subjectdebt to assets ratio
dc.subjectinverted-U effects
dc.subject.lcshDissertations, Academic
dc.titleThe effects of capital structure on accrual- and cash-flow-based performance of US banksen_US
dc.typeThesisen_US
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