The effect of debt on corporate profitability : Evidence from French service sector
type: Dataset
description: Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can be explained by three essential theories: signaling theory, tax theory and the agency cost theory. Using panel data sample of 2240 French non listed companies of service sector during 1999-2006. By utilizing generalized method of moments (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs).
issued: 2026-05-05T19:45:48.126728
language: en
modified: 2026-05-05T19:45:48.126733
contact point: Organization
  fn: CCSD
keyword: debt
keyword: gmm
keyword: infoeu-reposemanticspreprint
keyword: jel-c---mathematical-and-quantitative-methodscc3---multiple-or-simultaneous-equation-models--mul
keyword: panel-data
keyword: preprints-working-papers-
keyword: profitability
keyword: qfinstquantitative-finance-q-finstatistical-finance-q-finst
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: shsgestionhumanities-and-social-sciencesbusiness-administration
keyword: shsstathumanities-and-social-sciencesmethods-and-statistics
landing page: https://shs.hal.science/halshs-00766758

The effect of debt on corporate profitability : Evidence from French service sector
type: Distribution
format: HTML
issued: 2026-05-05T19:45:48.129560
modified: 2026-05-05T19:45:48.109396
access URL: https://shs.hal.science/halshs-00766758

test_moissonnage_selune
type: Agent