The effect of debt on corporate profitability : Evidence from French service sector - HAL Accéder directement au contenu
Pré-publication, Document de travail Année : 2012

The effect of debt on corporate profitability : Evidence from French service sector

Résumé

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 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 that debt ratio has no effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs).
Fichier principal
Vignette du fichier
The_effect_of_debt_on_corporate_profitability_Evidence_from_French_service_sector.pdf ( 201.21 Ko ) Télécharger
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00766758, version 1 (18-12-2012)
halshs-00766758, version 2 (30-03-2014)

Identifiants

  • HAL Id : halshs-00766758 , version 2

Citer

Mazen Kebewar. The effect of debt on corporate profitability : Evidence from French service sector. 2012. ⟨halshs-00766758v2⟩
224 Consultations
288 Téléchargements
Dernière date de mise à jour le 28/04/2024
comment ces indicateurs sont-ils produits

Partager

Gmail Facebook Twitter LinkedIn Plus