Academic Journals Database
Disseminating quality controlled scientific knowledge

THE DETERMINANTS OF FINANCIAL PERFORMANCE: AN EMPIRICAL TEST USING THE SIMULTANEOUS EQUATIONS METHOD

ADD TO MY LIST
 
Author(s): Theiri Saliha | Ati Abdessatar

Journal: Economics and Finance Review
ISSN 2047-0401

Volume: 1;
Issue: 10;
Start page: 01;
Date: 2011;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: Performance - Debt-Ownership Structure

ABSTRACT
The aim of this paper is to assess the determinants of financial performance precisely we focus on the link between performance, form of control and debt. Using a sample covering the period 1998-2006 for 40 Tunisian listed and unlisted companies, and using a system of simultaneous equations (SES). The results show that debt and the form of control affects the level of performance that is estimated by two variables (shareholder value and stakeholder value).
Why do you need a reservation system?      Affiliate Program