تحليل محددات الأداء المالي للمؤسسات الجزائرية الخاصة باستخدام نموذج ثوبت

الملخص EN

This paper examining what ratios can determine financial performance of Algerian private companies.

the sample for the study consists of forty-five (45) Algerian private companies are evaluated by panel regression Tobit model covering the period of 2013-2018.

return on equity (ROE) and return on assets (ROA) are chosen as financial performance indicators, while total debt (DT), tangibility (Tang), size of companies (Size), liquidity (LIQ) and activity area (SA) are used as explanatory variables.

the panel regression results show total debt has a significant negative effect on the financial performance measured by return on equity and return on assets, size of companies has a significant positive relationship with the financial performance measured return on assets but had insignificantly positive effect on ROE while liquidity has a positive effect on the financial performance measured by ROE.