Kebewar, mazen - Volkswirtschaftliche Fakultät, … - 2012
This article aims to analyze the effect of debt on the profitability. This impact can be explained by three essential … theories: signaling theory, the agency costs theory and tax theory. The sample consists of a panel of 1,078 French firms …, by using the generalized method of moments (GMM), that the debt affects negatively the profitability, not only linearly …