An Application of the Degree of Financial Leverage on Selected Industries

Aclan Omağ
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Aclan Omağ: Marmara University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2015, vol. 30, issue 103, 205-218

Abstract: The degree of financial leverage, which is a concept relatedto the use of debt, varies among industries. In this respect,the degree of financial leverage has been examined by using theincome statement items of various industries from 2009 to 2013.the results highlight the differences in the degree of financial leverage. In addition to this, it has been revealed that the highest useof financial leverage is in the textile, paper and paper productsindustries. As a result, the effect of the change in the earnings beforeinterest and tax on earnings per share is higher compared toother industries.

Keywords: Financial leverage; manufacturing sector; degree of financial leverage; profitability (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:30:y:2015:i:103:p:205-218

DOI: 10.33203/mfy.307962

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