أثر محددات الهيكل التمويلي على الأداء المالي في المؤسسات الاقتصادية المدرجة في بوصة الجزائر : دراسة قياسية للفترة (2011-2017)‎

Abstract EN

This aim of the study is to explore the effect of the funding structure determinants on the financial performance in the listed economic institutions in Algiers Stock Exchange for the period from 2011-2017 and by making the phenomenon under study as a model, using Panel models to assess the three models and then selecting the appropriate model to use, by analyzing statistically and economically the model it becomes clear to us that the regression model is the appropriate model to be used.

Four variables were selected that interpret best funding structure determinants (size of the organization, growth, liquidity, and indebtedness), while the dependent variable represents the return on total assets (ROA).

And we concluded that there is a significant correlation between the liquidity ratio and financial performance, whereas there is an inverse correlation between the debt ratio and the financial performance and for the variable of size and growth, which in turn has not any statistical significance.