The results explain the financial l

The results explain the financial leverage determinations of the firms at 56 per cent and 30
per cent and model 1 and 2 respectively after controlling tangibles and size variables (see
table 2). Table 2 shows the panel regression results of research model using pooled and
random effect model. To identify the appropriate methodology, LM test is used to test the
random effect model versus the pooling regression (Breusch and Pagan, 1980). The LM test
result shows that pooling effect is more appropriate than random regression (see table 2) for
both of the performance measures. The financial leverage shows a significantly positive
relationship with firm value which indicates the debt position associated with an increase in
the firm value. In simple words, higher debts lead to have higher the profitability. This
findings is similar to Wippen, (1966); Roden and Lewellen, (1995); Dessi and Robertson,
2003; Margrates and Psillaki (2002) Abor, 2005; Odit and Gobardhun, 2011; Ojo, (2012). It
also tells us that firm uses the debt at required level suggested by capital structure theories.

Kết quả (Anh) 2:

The results explain the determinations of the Firms Financial leverage at 56 per cent and 30
per cent and 1 and 2 respectively model tangibles and size after controlling variables (see
table 2). Table 2 shows the results of research panel regression model using pooled and
random effect model. Methodology to Identify the the appropriate, LM test is used to test the
random effect model versus the pooling regression (Breusch and Pagan, 1980). The LM test
result shows the appropriate có coal pooling effect is more random regression (see table 2) for
both Show Measures of the performance. The Financial leverage shows a significantly positive
relationship with firm value mà ngụ the debt associated with an tăng position in
the firm value. In simple words, Higher Higher debts have lead to the profitability. This
is similar to findings Wippen, (1966); Roden and Lewellen, (1995); DESSI and Robertson,
2003; Margrates and Psillaki (2002) Abor, 2005; Odit and Gobardhun, 2011; Ojo, (2012). It
Tells Us That firm cũng dùng the debt at the level required by capital structure Theories suggested.