University of Bahrain
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Impact of Financial Policy on Profit Management: A Case of Selected Algerian Companies

Show simple item record Bilal, Kimouche 2019-10-02T07:04:17Z 2019-10-02T07:04:17Z 2017-06-01
dc.identifier.issn 2210-1454
dc.description.abstract The aim of this study is to explore whether the financial policy of Algerian companies affects profit management. In this research, financing policy is expressed by two indicators of financial structure: short-term debts ratio and leverage rati;, and two indicators of financing cost: financial charges and WACC. Profit management is measured by discretionary accruals based on the modified Jones (1995) model. The study includes 25 companies during the period of 2003-201. The research is based on 193 observations of an unbalanced panel data, depending on Multiple Regression through panel data estimation models. The results suggest that the relationship between financial structure indicators and profit management is not statistically significant. However, there is a positive and statistically significant relationship between WACC and profit management. The relationship between financial charges and profit management doesalso prove to be significant though negative. en_US
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International *
dc.rights.uri *
dc.subject Profit management en_US
dc.subject Discretionary accruals en_US
dc.subject Financing policy en_US
dc.subject Financial structure en_US
dc.subject Financial cost en_US
dc.title Impact of Financial Policy on Profit Management: A Case of Selected Algerian Companies en_US
dc.volume Volume 20 en_US
dc.issue Issue 1 en_US
dc.contributor.authorcountry Algeria en_US
dc.contributor.authoraffiliation Departement of Finance and Accouning University of 20 August 1955 en_US
dc.source.title The Arab Journal of Accounting en_US

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