The Assoccation Between The Privecy Of Liquidity, Profitability And Previous Outstanding Debte On Capital Structure Of Industerial Companies Listed In Kuwait Stock Exchange Market 2012
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ABSTRACT The Assoccation Between liquidity, profitability and outstanding debte on financial leverage of industerial Companies listed in Kuwait Stock Exchange Market Prepared by: Fahd Mohammed Saad AL-Mahgan Supervised by: Prof Abdul Naser Nour Dr. Abdul Rahim Qaddoumi This study aimed to analysis the assoccation between liquidity, profitability and outstanding debte on financial leverage of industerial Companies listed in Kuwait Stock Exchange Market. In order to achieve the objectives of the study, the researcher analysis the financial statements of the companies under study for the years 2009, 2010 and 2011. The statistical package for social sciences (SPSS) was used to analyze and examine the hypotheses. The researcher used many statistical methods to achieve the
study objectives, mean, standard deviation and multi regression. The main results of the study were: 1. There is a positive relationship between financial leverage and outstanding debt in industrial Companies listed in Kuwait Stock Exchange Market. 2. There is a positive relationship between financial leverage and liquidity in industrial Companies listed in Kuwait Stock Exchange Market. 3. There is a reverse relationship between financial leverage and profitability in industrial Companies listed in Kuwait Stock Exchange Market The main recommendations of the study were: 1. The companies under study must change financial behaviors in direction not only equity financing, but the adoption of financing the borrower to take advantage of the tax protection exemption offered by this type of financing. 2. Industrial companies under study, which are characterized by a high rate of profitability and have the opportunity to capture profits, to rely less on borrowed money, and more on retained earnings; Due to the high risk implications of borrowing, and in line with the economic conditions they face. 3. Encouraging industrial companies under study be directed retained earnings for growth, which improves their financial structure, and will reduce their dependence on borrowing, it is known that increased borrowing requires increasing the proportion of liquidity; which requires higher investment in current assets, and this means less money will go to long term investements.
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