Arbeitspapier
The effect of debt on corporate profitability: Evidence from French service sector
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).
- Sprache
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Englisch
- Erschienen in
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Series: Documents de Recherche LEO ; No. 2013-01
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Firm Performance: Size, Diversification, and Scope
- Thema
-
Debt
GMM
Panel data
Profitability
- Ereignis
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Geistige Schöpfung
- (wer)
-
Kebewar, Mazen
Shah, Syed Muhammad Noaman Ahmed
- Ereignis
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Veröffentlichung
- (wer)
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Laboratoire d'Economie d'Orléans
- (wo)
-
Orléans
- (wann)
-
2013-01
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kebewar, Mazen
- Shah, Syed Muhammad Noaman Ahmed
- Laboratoire d'Economie d'Orléans
Entstanden
- 2013-01
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