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'une étude sur panel dynamique en utilisant la méthode des moments généralisée (GMM), que la structure du capital n'a aucune … article is to analyze the impact of capital structure on profitability. This impact can be explained by three essential … period 1999-2006, as a dynamic panel study by using the generalized method of moments (GMM). We show that capital structure …
Persistent link: https://www.econbiz.de/10013097383
small and medium-sized enterprises (SME). -- Debt ; GMM ; Panel data ; Profitability …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 …
Persistent link: https://www.econbiz.de/10009739517
This study examines the determinants of firm profitability for 114 firms listed on the Nigerian Stock Exchange (NSE …) from 1998 to 2012, using the system Generalized Method of Moments (GMM). The results show that lagged profitability exerts … significant positive effect on contemporaneous firm profitability. However, short-term leverage, inflation rate, interest rate and …
Persistent link: https://www.econbiz.de/10011844014
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/10013088094
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/10013064873
Current study aims to provide new and first empirical evidence on the impact of debt on corporate profitability of … cost theory. Using panel data sample of 2240 French non listed companies of service sector during 1999-2006. By utilizing … generalized method of moments (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show …
Persistent link: https://www.econbiz.de/10013053183
effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs). -- Debt ; GMM ; Panel data …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 …
Persistent link: https://www.econbiz.de/10009743416
compose d'un panel de 1078 entreprises françaises, non cotées, de type anonymes et de SARL, appartenant au secteur de la … 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, unlisted …
Persistent link: https://www.econbiz.de/10013097822
dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the … the firm and access to credit relies on guarantees. The relationship between corporate leverage and the profitability of …
Persistent link: https://www.econbiz.de/10010492381
We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital … structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002 …
Persistent link: https://www.econbiz.de/10003666867