تأثير سياسة الاستدانة على الأداء المالي للمؤسسة الاقتصادية الجزائرية : دراسة حالة عينة من الشركات-خلال الفترة 2006-2014

الملخص EN

The objective of this study used to test the impact of financial leverage on the financial performance of a sample of oil companies in Hassi Messaoud-Ouargla- and to discover the nature of this impact, if any.

For this purpose, we have represented financial performance by tranditional accounting performance indicators: (ROA), (ROE), (ROS), (DCA).

And to know the most influenced by finacial leverage , the study dealt with three enterprises during the period (2006-2014).

We used the Ordinary Least Squares (OLS) method and the EVIEWS as an econometric tool.

This study concluded that there is a negative impact of the ratio of leverage and an effect of an inverse relationship with statistical significance at 5% on the rate of return on assets (ROA) and the rate of return on sales (ROS) and turnover growth (DCA).

On the other hand, there is no statistically significant effect of leverage at 5% on ROE.