LEVERAGE AND CORPORATE PROFITABILITY. EVIDENCE FROM THE ROMANIAN LISTED COMPANIES

被引：0
|
作者：
Raisa, Milos Laura [1 ]
Cristian, Milos Marius [1 ]
机构：
[1] Univ Eftimie Murgu Resita, P Ta T Vuia 1-4, Resita, Caras Severin C, Romania
来源：
PROCEEDINGS OF THE 9TH INTERNATIONAL CONFERENCE EUROPEAN ENTREPRENEURSHIP FORUM 2015: EFFICIENCY IN THE PRIVATE AND THE PUBLIC SECTOR | 2016年
关键词：
profitability; debt; Bucharest Stock Exchange; panel data; AGENCY COSTS; PERFORMANCE; FIRM;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper aims at providing new empirical evidence on the impact of leverage on corporate profitability, with application to the Romanian companies listed on the Bucharest Stock Exchange. Panel data are analyzed for 50 companies belonging to different fields of activity during 2002-2014 using a fixed effect model. After we control for size, liquidity, and tangibility of assets, the results reveal that leverage has a negative influence on corporate profitability.
引用
收藏
页码：127 / 133
页数：7
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