Determinants of the financial structure of companies operating in the province of Ouargla

Abstract

The aim of this study to identify the most important determinants of the financial structure in a sample of joint stock companies active in Ouargla, during the period 2011-2015, to measure and test the extent of the impact of these factors on the rate of the financial structure of a sample of companies, we conducted a study of a sample of Joint stock companies under study; The descriptive and analytical approach was used to gain familiarity with the theoretical and practical reasons. The statistical method represented in (multiple regression) was relied upon to explain the relationship between these determinants and the rate of the financial structure. The study concluded that each of the variables: profitability and interest rate play a fundamental role in explaining the financial structure of joint stock companies. However, the tax rate was excluded from the ideal model, meaning that it does not play a tangible role in explaining the financial rate of joint stock companies.