The study looked at how the way companies in the technology sector in Malaysia borrow money affects their performance. They focused on software companies over 8 years. They found that having more long-term debt and short-term debt compared to assets can hurt a company's return on equity. However, having more total debt compared to assets can actually help a company's return on equity. When it comes to return on assets, only having more short-term debt compared to assets is bad for a company. Lastly, companies that grow tend to perform better.