Abstract
ABSTRACT
This study aims to make a meaningful contribution to the firm performance specifically nonfinancial companies listed at Amman stock exchange (ASE-Jordan), which has become a central issue for the developing countries. However, to maintain financing decisions short-term debt, long-term debt, total debt, equity factors are challenging due to many changes that occur within the Critically, the firm became a major contributor to organizational cash flow. Therefore, this study examines the relationship between financing decision short term debt, long term debt, total debt, equity and firm performance in Jordan mediating by cash flow among non-financial companies listed at Amman stock exchange (ASE-Jordan).
Furthermore, a quantitative research approach is selected to capture the relationship between independent and dependent variables. Nature of data is panel data comprised of firm base yearly 2000 observations of variables of interest. This study aims to cover a time period of 20 years from the year 2009 to 2019.
Moreover, this study reveals that equity and ROA showed a positive significant relationship (β= 0.521, p < 0.000). As regards the second condition, the link between equity and the cash flow. The finding was consistent with the hypothesis as the result revealed a positive significant association between equity and the cash flow (β= 0.469, p < 0.001). In testing the third condition, the link between cash flow and ROA. The result was consistent with hypothesis three as it showed a positive significant effect (β= 0.819 and 0.000). The fourth condition, that is the link between equity and ROA showed a smaller beta coefficient of (β= 0.512) compared to the first model of (β= 0.521). financing decision short term debt, long term debt, total debt, equity and firm performance. However, mediate the relationship between financing decision short term debt, long term debt, total debt, equity and firm performance. Furthermore, the results of this study have implications for investors, regulators, and market participants. Policymakers might use the findings regarding earnings quality to recognize the important roles played by investment analysts and other market participants