Jordanian companies' debt negatively impacts performance, Gulf Crisis boosts success.
The study looked at how a company's mix of debt and equity affects its performance in Jordan. They analyzed data from 167 Jordanian companies between 1989 and 2003. The results showed that a company's capital structure can negatively impact its performance. Short-term debt compared to total assets had a positive effect on market performance. The Gulf Crisis in 1990-1991 boosted corporate performance, while the Intifadah in 2000 had a negative impact.