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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 3, Number 2, Year 2015| THE FINANCIAL LEVERAGE MODEL - TOOL USED FOR FINANCIAL POLICY DECISION MAKING | 
Download | | Author(s): Camelia Catalina Mihalciuc, Maria Grosu | | DOI: 10.4316/EJAFB.2015.3211 | | Abstract: The leverage effect results from the financial structure imbalance, its existence can highlight a wide range of adopted decision. Rising significantly the debt coefficient, the company chooses to not reinvest the results (profit) in the enterprise. It is noted that the model of financial leverage can be considered a tool in decision making financial policy, meant to contribute to the choice of optimal capital structure, to analyze the opportunities for increasing the equity of the enterprise or to use alternative funding sources, considering the perspectives of operating activities. In this paper the author performs an analysis of the activity between the economic rates of profitability and the financial rates of profitability through the financial structure of the company, highlighting the effect of financial leverage, registered at the studied enterprise. | | Keywords: Capital Structure; Financial Leverage; Financial Structure Imbalance; Profitability; The Economic Profitability Rate; Financial Profitability Rate. | References:
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