تأثير سياسة الرفع المالي على الأداء المالي للمؤسسات الاقتصادية الجزائرية : دراسة عينة من المؤسسات الاقتصادية الجزائرية خلال الفترة 2014-2017

الملخص EN

This study aims to highlight the extent of the impact of the financial leverage policy on the financial performance of Algerian economic institutions, by analyzing the relationship between the dependent variable represented in the return on assets (ROA) and the independent variables represented in: size, liquidity, guarantees, debt, tax.

The sample included 30 Algerian economic institution during the period from 2014 to 2017.

In order to meet the goal of the study, we modeled the phenomenon by relying on the Tobit model, which represents a linear regression model for the variables confined under Panel data, and among the important results reached is strong direct correlation relationship with statistical significance between the variable of size and the financial performance, while there is an inverse correlation with statistical significance between the variables of debt, tax and financial performance.

As for the variable of liquidity and guarantees, they had no statistical significance.