La structure du capital et la profitabilité: Le cas des entreprises industrielles françaises
Mazen Kebewar
Working Papers from HAL
Abstract:
The objective of this article is to analyze the impact of capital structure on profitability. This impact can be explained by three essential theories: signaling theory, tax theory and the agency costs theory. A sample of 1846 French industrial firms are taken over the period 1999-2006, as a dynamic panel study by using the generalized method of moments (GMM). We show that capital structure has no influence on the profitability of French firms, regardless the size of the company.
Keywords: Structure du capital; profitabilité; GMM; données de panel; Capital structure; Profitability; panel data (search for similar items in EconPapers)
Date: 2012-11-28
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Working Paper: La structure du capital et la profitabilité: Le cas des entreprises industrielles françaises (2012) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-00758410
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