Effect of Debt Financing on Firms’ Earnings in Ethiopia; Evidence from Manufacturing S.Co. in Addis Ababa
| dc.contributor.advisor | Abebe, Yitayew (PhD) | |
| dc.contributor.author | Seid, Ababor | |
| dc.date.accessioned | 2019-03-24T09:55:56Z | |
| dc.date.accessioned | 2023-11-04T07:57:24Z | |
| dc.date.available | 2019-03-24T09:55:56Z | |
| dc.date.available | 2023-11-04T07:57:24Z | |
| dc.date.issued | 2019-02 | |
| dc.description | A thesis submitted to the School of Graduate Studies of Addis Ababa University in partial fulfillment of the requirements for the Degree of Masters of Science in Accounting and Finance | en_US |
| dc.description.abstract | The purpose of this paper is to examine the effect of debt financing on firms’ earnings of the manufacturing share companies in Ethiopia by taking evidence from manufacturing share companies in Addis Ababa. The study employs a panel data regression analysis. The dataset comprises eighteen manufacturing share companies covering a five-year period (2012-2016 G.C.) using firm level accounting data. The researcher was used return on asset (ROA) as dependent variable while debt asset ratio (DAR), debt equity ratio (DER) and time interest coverage (TIC) as independent variables and sales growth (SG) as a control variable. The result of the study revealed that debt to asset ratio(DAR), and time interest coverage (TIC) had a positive relationship and statistically significant effect on return on asset ratio (ROA), while debt equity ratio (DER) and sales growth (SG) had positive relationship and insignificant effect on return on asset of manufacturing firms in Ethiopia. The researcher has been concluded that debt asset ratio and time interest coverage ratio have significant effect on profitability, while debt equity ratio and sales growth have insignificant effect on the profitability of the manufacturing firms in Ethiopia. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/17138 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Debt Asset Ratio | en_US |
| dc.subject | Debt Equity Ratio | en_US |
| dc.subject | Debt financing | en_US |
| dc.subject | Return on Asset | en_US |
| dc.title | Effect of Debt Financing on Firms’ Earnings in Ethiopia; Evidence from Manufacturing S.Co. in Addis Ababa | en_US |
| dc.type | Thesis | en_US |