Corporate characteristics and leverage: evidence from Bangladesh

PSU Research Review

Md. Abdur Rouf¹ 

关键词: Profitability;    Liquidity;    Age;    Debt ratio;    DSE;    Size of the firm;   

DOI  :  10.1108/PRR-10-2016-0005

学科分类：社会科学、人文和艺术（综合）

来源: Emerald Publishing

【 摘 要 】

Purpose This paper aims to determine the influence of various corporate characteristics such as total assets (TA), total sales (TSE), return on assets (ROA), return on sales (ROS), liquidity and age on leverage of the listed non-financial companies in the Dhaka Stock Exchange (DSE). Design/methodology/approach A non-probability sampling technique has been used in this study, and the leverage of 106 companies listed in the DSE has been examined for the time period 2011-2015. Multiple regression models are used to estimate the influence of corporate characteristics on leverage and leverage is measured by the debt ratio, that is, total liabilities divided by total assets (TA). Findings The results obtained from the regression models show that TA, ROA and age are negatively and significantly related to the leverage of companies. Research limitations/implications Considering only non-financial companies as the sample is a limitation. Hence, the results may not extend across all listed companies in Bangladesh. ...

【 授权许可】

CC BY