文章基本信息

标题：FINANCIAL LEVERAGE IMPACT ON RETURN ON EQUITY FOR ROMANIAN LISTED COMPANIES
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作者：Nicoleta BĂRBUŢĂ-MIŞU ; Andreea RUSU
期刊名称：Risk in Contemporary Economy
电子版ISSN：2067-0532
出版年度：2014
语种：English
出版社：Dunarea de Jos University of Galati
摘要：The aim of this paper is to study the impact of financial leverage on return on equity for a sample of eight Romanian listed companies’ acting in the manufacturing dairy products sector,using financial leverage method. This method was applied for a period of 3 years (2010-2012) and reflects also the influence of debt policy on company’s return on equity that was determined using both accounting data and financial leverage. The conclusions that emerge in this study reflect that financial leverage effect is a key factor that influences the return on equity in function of degree of debts and the relation between return on assets and interest rate,but there are many other determinants of return on equity that are not linked by financial structure.
关键词：leverage effect;return on assets;debt equity ratio;accounting data;financial distress