This study is going to attempt to explain the cause, the impact and the solution of the Global Financial Crisis and to examine further the change in corporate performance during 2006 to 2009. Empirical results, based on the information obtained from the Bloomberg Global 500 firms in 2007, showed that there is a significant positive relation between the performance of equity returns and profitability (ROA), but no relation with asset turnover. Furthermore, the better corporate performance with lower debt ratio is also documented.

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