The objective of this article is to analyze the impact of capital structure on profitability. This impact can be … structure on profitability. The empirical analysis allowed us to distinguish three different groups of sectors: for the first … group (industry, energy and service), the capital structure has no impact on profitability. The second group, containing …

This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … the generalized method of moments (GMM), that debt affects negatively on the profitability, but this effect is negligible … and sometimes insignificant according to the ratio of profitability used (Prof1, Prof2 or ROA). Furthermore, we find …

This article aims to analyze the effect of debt on the profitability. This impact can be explained by three essential …, by using the generalized method of moments (GMM), that the debt affects negatively the profitability, not only linearly …

potential discrimination to how elements of the panel data selection model are assigned to explained and unexplained components. …

potential discrimination to how elements of the panel data selection model are assigned to explained and unexplained components. …