أثر الرفع المالي على ربحية السهم : دراسة حالة شركة المراعي (السعودية) خلال الفترة (2005-2019)

Abstract

The study aimed to investigate the effect of financial leverage measured by the long-term debt to total debt ratio And the debt to equity ratio On the earnings per share of Saudi Almarai Company during the period from 2005 to 2019, Where the Autoregressive-Distributed Lag model used. The Study results show an inverse relationship between the debt to equity ratio and Almarai's earnings per share in the long term, Although this relationship is positive in the short term. Also, The study found positive relationship between the long-term debt to total debt ratio and Almarai's earnings per share in the short and long term.