Capital Structure and Corporates Financial Sustainability: Evidence from Listed Non-Financial Entities in Ghana

This study examined the nexus between capital structure and financial sustainability of 28 listed non-financial firms in Ghana. Panel data for period 2008 to 2019 was used analysis. From results, panel studied heterogeneous cross-sectionally dependent. In addition, variables investigated were first-differenced stationary cointegrated long term. The elasticities predictors explored via common correlated effects mean group (CCEMG) estimator. findings, proxied by debt debt-to-equity ratio improved firms’ increase return on equity (ROE). Also, firm size assets growth promoted entities’ all panels; however, association operational efficiency corporates’ across panels. Finally, asset tangibility significantly impacted sustainability. Based recommended that authorities should opt a mix would minimize costs optimize when making decisions.