DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-3,Issue-9 ( Sep, 2017 ) | |||||||||
Paper Title |
Impact of Firm Specificities and Board Characteristics on Corporate Financial Leverage: Case of Tunisian Listed Firms | |||||||||
Author Name |
Ines Elabed, Chokri Slim | |||||||||
Affilition |
High institute of accounting and business administration, manouba, Tunisia High institute of accounting and business administration, manouba, Tunisia | |||||||||
Pages |
56-60 | |||||||||
Abstract |
The aim of this study is to investigate the impact of board characteristics and Firm specificities on corporate financial leverage. To test this relationship we adopt a multiple linear regression model based on a sample of 33 Tunisian listed firms for the period 2006-2015. Our main empirical findings show that board size is significantly positively related to corporate leverage, while duality is negatively significantly related to debt. Board independence has no impact on corporate leverage. Firm size, Growth rate and tangibilty have a positive significant impact on Debt. Whereas, profitabilty has a negative and significant impact on debt. Key words- firm specificities, Board characteristics, corporate financial leverage | |||||||||
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