DOES SHORT TERM DEBT AFFECT PROFITABILITY? EVIDENCE FROM THE ROMANIAN LISTED COMPANIES

Milos Laura Raisa and Milos Marius Cristian
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Milos Laura Raisa: UNIVERSITY EFTIMIE MURGU OF RESITA
Milos Marius Cristian: UNIVERSITY EFTIMIE MURGU OF RESITA

Annals - Economy Series, 2015, vol. 6Special, 228-233

Abstract: This study aims at providing new empirical evidence on the influence of debt (both on short and long term) on corporate profitability, with application to the Romanian companies listed on the Bucharest Stock Exchange. Panel data are analyzed for 50 companies belonging to different fields of activity during 2003-2014 using a fixed effect regression model. After we control for size, growth, liquidity, and tangibility of assets, the results reveal that short-term debt has a negative influence on corporate profitability.

Keywords: profitability; debt; Bucharest Stock Exchange; panel data (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:6special:p:228-233

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