أثر محددات هيكل رأس المال على الأداء المالي للبنوك المسجلة في سوق الأوراق المالية السعودي : دراسة قياسية للفترة 2005-2015

Abstract EN

This study examined the impact of a set of factors determining the capital structure on the financial performance of the listed banks in the Saudi stock market.

To achieve the objectives of this research, we followed the experimental method using a model based on the following explanatory financial variables: size of the bank, profitability, growth rate, non-debt tax shield, collaterals, and risk.

The dependent variable which is capital structure was represented by financial leverage and measured using total debt to total assets.

The sample in this study consisted of eight banks registered in the Saudi stock market during the period 2005-2015, thus providing us with the necessary views to use a Panel Data Model.

Based on testing the research hypotheses, it was found that the size of the bank and collaterals have a role in explaining the financial structure of the banks.

However, other variables including profitability, non-debt tax shields and risk have non-significant role in explaining the financial structure of the studied banks