文章基本信息

标题：The Effect of Leverage on Profitability of Pharmaceutical Companies
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作者：Nicoleta BARBUTA-MISU
期刊名称：Annals of Dunărea de Jos University. Fascicle I : Economics and Applied Informatics
印刷版ISSN：1584-0409
出版年度：2013
期号：1
出版社：Dunarea de Jos University of Galati
摘要：The capital structure problem is important and because of the influence of leverage effect on return on equity. This paper aims to study the influence of financial leverage effect on company profitability, using financial data of three large companies from Romania, acting in pharmaceutical sector, in entire production-distribution chain. To carry out this study have been completed three stages: analyses of the profitability of the companies, analyses of the indebtedness and then the effect of leverage on return on equity, using data from 2008- 2012 period. The conclusion that emerges in this study is that leverage effect is an important factor that influences the return on equity in function of degree of debts, but not entirely
关键词：Profitability; Return on assets; ; Return on equity; Leverage effect; ; Pharmaceutical sector