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The objective of this article is to analyze the impact of capital structure on profitability. This impact can be … distributed on seven sectors taken over the period 1999-2006 by means of a study on dynamic panel by using the generalized method … structure on profitability. The empirical analysis allowed us to distinguish three different groups of sectors: for the first …
Persistent link: https://www.econbiz.de/10011107505
The objective of this article is to analyze the impact of capital structure on profitability. This impact can be … industrial firms are taken over the period 1999-2006, as a dynamic panel study by using the generalized method of moments (GMM …). We show that capital structure has no influence on the profitability of French firms, regardless the size of the company …
Persistent link: https://www.econbiz.de/10011110994
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … analyze a sample of an unbalanced panel of 2325 unlisted French companies of trade sector spanning over a period of 1999 to … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10010957791
ABSTRACT:Current study aims to provide new and first empirical evidence on the impact of debt oncorporate profitability … agency cost theory. Using panel data sample of2240 French non listed companies of service sector during 1999-2006. By … utilizing generalizedmethod of moments (GMM) econometric technique on three measures of profitability ratio(PROF1, PROF2 and ROA …
Persistent link: https://www.econbiz.de/10010765072
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … the generalized method of moments (GMM), that debt affects negatively on the profitability, but this effect is negligible … and sometimes insignificant according to the ratio of profitability used (Prof1, Prof2 or ROA). Furthermore, we find …
Persistent link: https://www.econbiz.de/10011108803
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … analyze a sample of an unbalanced panel of 2325 unlisted French companies of trade sector spanning over a period of 1999 to … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10011109437
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … be explained by three essential theories: signaling theory, tax theory and the agency cost theory. Using panel data … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10011110894
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 …
Persistent link: https://www.econbiz.de/10011112317
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … be explained by three essential theories: signaling theory, tax theory and the agency cost theory. Using panel data … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10010985743
Familienunternehmen wird gemeinhin nachgesagt, in der letzten Wirtschaftskrise stärker stabilisierend auf die wirtschaftliche Entwicklung Deutschlands gewirkt zu haben als Nichtfamilienunternehmen. Die vorliegende Studie untersucht diese Hypothese für die Gruppe der großen Familienunternehmen...
Persistent link: https://www.econbiz.de/10011188599