محددات الأداء المالي للمؤسسات الإنتاجية و الخدماتية : دراسة باستخدام معطيات بانل

Abstract EN

This paper aims to analyze the determinants of financial performance of Algerian companies operating in the productions sector and services sector.

The sample for the study consists of fifty (50) Algerian private companies (15 productions sector and 35 services sector) are evaluated by panel regression Tobit model covering the period of 2014-2018.

Financial performance is measured by return on assets (ROA), while free cash flow (CAF) Total debt (DT), Tangibility (Tang), size of companies (Size) are used as explanatory variables.

The results show that financial performance of Algerian’s companies operating in the production sector is positively related to firm size and negatively related to debt ratio.

But financial performance of Algerian’s companies operating in the services sector is positively related to free cash flow and negatively related to debt ratio.