The article examines if there is a link between how companies in Europe choose to structure their finances and how well they perform. They looked at data from 2015 to 2017. Following a famous finance idea, they predicted that the mix of debt and equity a company uses does not really affect their performance. After analyzing the data, they found a weak connection between how companies fund themselves and their success. However, the method's ability to explain why a company did well or poorly was limited. This suggests that other factors play a big role in how companies perform, not just how they finance themselves. In simple terms, the way a company chooses to get money might not play a huge role in how well it does in Europe.