Nkansah, Emmanuel - In: International Journal of Financial Studies : open … 13 (2025) 3, pp. 1-23
-term debt both impact profitability negatively with 10-year lagged R&D intensity and financial distress. Short-term debt … analyze the effects of debt financing decisions on profitability in the biopharmaceutical industry. I find that short-term … debt, long-term debt, and total debt negatively impact the return on assets (ROA) as a firm's profitability measure. A …