تحليل محددات هيكل رأس المال للشركات المدرجة في بورصة الجزائر

Abstract EN

This study came to shed light on the effects of capital structure determinants on the financial leverage of companies listed on the Algeria Stock Exchange.

Six (06) variables were selected in view of the nature of the data provided by the companies.

A sample of five (5) companies was taken for the period 2011-2020.

The study revealed the existence of an important joint relationship between the explanatory variables of the capital structure and the financial leverage of companies listed on the Algeria Stock Exchange.

However, the individual relationship differs slightly, for example, there is no relationship between return on equity with financial leverage, and the results of regression analysis showed a positive relationship between company size and financial leverage.

As for the negative relationship, the study showed that the company's age has a negative relationship to financial leverage, while the other variables are different in terms of impact.