<![CDATA[The purpose of this study is to carry out empirical testing, using panel data methodology for the period of 2010 to 2021 using data of nun financial organizations in EGX30 with 228 observations, to examine the impact of firm’s characteristics and Macro on the corporate capital structure decisions of Egyptian firms. This study deploys five independent variables that represent firm’s characteristics - tangibility of assets, profitability, growth Opportunities, size, and Liquidity. In addition to five moderating variables that represent country’s specific factors- net foreign direct investment, nominal gross domestic product, interest rate corridor, inflation and Brent crude oil prices, the results indicate that liquidity, profitability and tangibility are important determinants of capital structure with negative effect on leverage on other hand the size has significant positive effect on leverage. And no significant relation between growth opportunity and leverage The study reveals that GDP has moderation effect on the relation between liquidity and the leverage and no moderation effect on the tangibility, size, profitability margin, and growth opportunity with leverage. FDI is found to have a significant moderating effect on the relationship between tangibility, profitability margin, liquidity, and growth opportunity with leverage. FDI does not significantly moderate the relationship between Size and leverage. The inflation rate does not significantly moderate the relations with any of the micro and Leverage Interest rate is found to have a significant moderating effect on the relationship between, profitability margin and liquidity with leverage. And found no significant moderating effect on the relationship between size, tangibility and growth opportunity with leverage Brent Crude does not significantly moderate the relationship between Tangibility, Size, and Profitability margin with leverage, it does moderate the relationship between Liquidity and leverage, as well as the relationship between Growth Opportunity and leverage.]]>
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