أثر القرار التمويلي في الربحية "دراسة تطبيقية على شركات صناعة النسيج في سورية"

Authors

  • رضوان العمار
  • دانيا غيا

Abstract

يهدف هذا البحث إلى دراسة أثر القرار التمويلي (Financial Decision) على الربحية في شركات الصناعة النسيجية في الساحل السوري خلال الفترة (2000-2016) وهي ثلاث شركات غير مدرجة في سوق دمشق للأوراق المالية. وقد تم قياس القرار التمويلي بكل من نسبة الديون الإجمالية إلى إجمالي الأصول (Total Debt to Total assets) (TD)، والربحية بكل من معدل العائد على الأصول (Return on Assets) (ROA) ومعدل العائد على حقوق الملكية (Return on Equity) (ROE) ومعدل العائد على رأس المال (Return on Capital) (ROC). وقد تم الاعتماد على سلسلة من البيانات المالية السنوية للشركات الثلاث خلال الفترة المدروسة (Panel Data). وبهدف تقدير نماذج الدراسة تم استخدام اختبار جذر الوحدة لاختبار استقراريه المتغيرات المدروسة. وبعد التأكد من استقراريتها تم تقدير نماذج الانحدار باستخدام طريقة المربعات الصغرى العادية.

وقد توصلت الدراسة إلى نتائج عديدة أهمها أن للديون أثر سلبي في الربحية على اختلاف النسب المستخدمة في قياس كل من الديون والربحية.

The purpose of this research is to study the impact of the financing decision (FD) on profitability in the textile industry companies in the Syrian coast during the period (2000-2016), which are three companies not listed on the Damascus Stock Exchange. The financing decision was measured in terms of ratio of total debt to total assets (TD), Profitability was measured by return on assets (ROA), return on equity (ROE) and return on capital (ROC). A series of annual financial statements of the three companies were used during the period reviewed (Panel Data). In order to estimate the models of the study, the unit root test was applied to test the stability of the studied variables. After confirming their stability, the regression models were estimated using the normal lower squares method.

The study reached several results, the most important of which is that the debt has a negative impact on profitability in different ratios used to measure both debt and profitability.

Downloads

Published

2018-11-28

How to Cite

العمار ر., & غيا د. (2018). أثر القرار التمويلي في الربحية "دراسة تطبيقية على شركات صناعة النسيج في سورية". Tishreen University Journal- Economic and Legal Sciences Series, 40(5). Retrieved from https://journal.tishreen.edu.sy/index.php/econlaw/article/view/4847

Issue

Vol. 40 No. 5 (2018): العلوم الاقتصادية والقانونية

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Most read articles by the same author(s)

1 2 3 4 > >>