تأثير قرار التمويل على مردودية المؤسسات الصغيرة و المتوسطة : دراسة حالة مؤسسة حضنة حليب بالمسيلة للفترة(2015-2018)‎

الملخص EN

The study aims at revealing the relationship between the decision to reconstruct the establishment financial architecture and the extent to which it contributes in improving its return through studying the leverage.

The research importance lies in the way of making the appropriate funding decision, which is reflected, in a way or another, on the establishment present and future.

The study has been concluded with the result that making the financial decision concerning the establishment funding, the study place, has a negative impact on the return rates i.

e.

whenever the loans volume increases, the return decreases, which means that the leverage effect is negative.