Profitable companies with growth opportunities tend to have stronger capital structures.
The study looked at how factors like profitability, firm size, tangibility, and growth opportunities affect the capital structure of manufacturing companies on the stock exchange from 2014 to 2018. They analyzed data from 38 selected companies using Eviews version 10. The results showed that profitability, firm size, tangibility, and growth opportunities do impact the capital structure of these companies.