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    Leveraging Success: The Hidden Peak in Debt and Firm Performance

    Leveraging Success: The Hidden Peak in Debt and Firm Performance by Suzan Dsouza, Krishnamoorthy Kathavarayan, Franklin Mathias, Dharmesh Bhatia, Abdallah AlKhawaja

    Published 2025-06-01

    This study investigates the relationship between capital structure and financial performance in South African firms, focusing on the potential non-linear, inverse U-shaped effect of leverage on profitability. Drawing on data from 1548 firm-year observations covering 183 publicly listed South African...

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