les cahiers du mecas
Volume 20, Numéro 2, Pages 109-119
2024-12-14

Financial Leverage’s Impact On Share Market Value : An Examination Of A Few Economic Institutions Traded On The Algiers Stock Exchange Over The Period 2014-2023

Authors : Ben Dahmane Feth Allah . Guellil Zeyneb .

Abstract

This study aims to demonstrate the effect of financial leverage, expressed by debts to private capital on the market value of the shares of the economic companies registered on the Algiers Stock Exchange. To make this achieved, has been relied upon a sample made up of two firms listed with the Stock Exchange of algiers, spread over the pharmacy sector (Saïdal and Biopharm) over 2014 - 2023. The study employed the descriptive method to clarify the theoretical notions of financial leverage and market value, and employed the standard method via analysis panel data utilising the EViews 13 program. The study discovered that financial leverage (FL) has a negative influence on market value (MV) , however not statistically significant.

Keywords

financial leverage ; market value ; economic firms ; panel data