The Effect of the Financial Leverage on the Profitability in the Tourism Companies (Analytical Study- Tourism Sector- Jordan)

Shamaileh, Maher Odeh Falah Al; Khanfar, Salim

doi:10.5296/ber.v4i2.5546

Cited by 12 publications

(5 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In case of this study, the researchers found out that some researchers have found insignificant relationship between financial leverage and performance and a significant relationship between the two but varying extent. Such studies include: in Nairobi [23] found a negative association between equity to debt ratio (EDR) and Return on equity (ROE).in Jordan [24] in Pakistan [15] who found that financial leverage has a statistically significant inverse impact on profitability at 99% confidence interval; in Tehran, Iran on the relationship among financial leverage and profitability [25]. Other examples include [26] in Thailand and [27] in India who established a positive relationship amid financial leverage and profitability.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Relating Financial Leverage to Corporate Performance: A Case of Cement Manufacturing Firms in Nigeria

Ivo

Anyanwaokoro

2019

SAJSSE

View full text Add to dashboard Cite

The study evaluated the effect of leverage financing on performance of quoted cement manufacturing firms in Nigeria for the period 2006-2017. There are four (4) cement manufacturing firms in Nigeria studied out of eight (8) manufacturing cement firms. Purposive sampling technique were used in selecting the four (4) cement manufacturing firms in Nigeria out of the eight (8) cement manufacturing firms quoted in the Nigerian Stock Exchange (NSE). The main objective of the study is to investigate the effect of financial leverage on corporate performance of cement firms in Nigeria. The analytical tool adopted was ordinary least square (OLS) simple and multiple regressions. Findings of the study showed that Debt Ratio and Debt to Equity Ratio has negative insignificant effect on Return on Assets (ROA) of quoted cement manufacturing firms in Nigeria. On the other hand Interest Coverage Ratio (ICR) has positive and insignificant effect on return on assets of quoted cement firms in Nigeria. This implies that increase in Debt Ratio and Debt to Equity Ratio decreases ROA, while increase in ICR increases ROA of cement manufacturing firms in Nigeria. The study therefore recommended that the corporate managers in Nigeria should be encouraged to use more long term debt in their financing than relying more on short term credits, since increase in ICR increases ROA of cement manufacturing firms in Nigeria.

show abstract

Section: Discussion Of Resultsmentioning

confidence: 99%

Relating Financial Leverage to Corporate Performance: A Case of Cement Manufacturing Firms in Nigeria

Ivo

Anyanwaokoro

2019

SAJSSE

View full text Add to dashboard Cite

show abstract

“…Analytical studies entail processes of data collection, analysis, and concluding any given subject. They serve to comprehend, evaluate and enhance various aspects of the tourism sector (Shamaileh & Khanfar, 2014).…”

Section: Methodsmentioning

confidence: 99%

Artificial intelligence perspective on tourism education

Güner,

Çılgınoğlu

2024

Tourism and Recreation

View full text Add to dashboard Cite

This study is designed with an analytical approach that compares and analyzes the views of artificial intelligence algorithms on tourism education. This study, which includes data collection, data analysis, and conclusion-drawing processes, aims to understand, evaluate, and improve the problems related to tourism education from the perspective of artificial intelligence. The questions used in the data collection phase were inspired by the 2023 theme of the 23rd National Tourism Congress, "Tourism Education." The answers obtained through four basic questions directed to ChatGBT 3.5, Jenni, Bearly, and Google Bard artificial intelligence algorithms were collected in August 2023. The average time to answer each question was between 5-20 seconds. The questions were posed in Turkish for the ChatGBT 3.5, Google Bard, and Bearly algorithms, while they were translated into English for Jenni. In the data analysis phase, the long answer texts obtained from the artificial intelligence algorithms were analyzed using the hierarchical code sub-code model of the MAXQDA24 qualitative data analysis program. The similarities and differences between the findings were interpreted. As a result of the examinations conducted, it has been observed that the most comprehensive and up-to-date data were provided by Bard and Bearly. The information provided by the ChatGBT 3.5 algorithm, being based on data up to September 2021, and Jenni's limited features being freely accessible, have been restrictive in terms of the obtained responses. When the research findings are evaluated overall, it is observed that the language used is fluent, a general-to-specific approach is adopted, and there is no significant inconsistency among the provided information.

show abstract

“…In the study conducted by Shamaileh and Khanfar (2014), they aimed to determine the financial leverage ratio for financial resources and the ratio of investment return on profitability in tourism companies operating in Jordan. Tourism companies traded on the Amman Stock Exchange were used as a sample in the study.…”

Section: Literature Reviewmentioning

confidence: 99%

Effect of the Financial Performance of Companies in Tourism Sector on Firm Profitability: an Applied Study on Developed Countries

Bilici

AYDIN

2022

Stratejik Yönetim Araştırmaları Dergisi

View full text Add to dashboard Cite

In our study, it is aimed to investigate the effect of financial performance of companies operating in the tourism sector on firm profitability. In order to achieve this aim, the financial statements of the tourism companies whose stocks traded in the stock exchanges of some developed countries for the years 2011-2019 have used. Dependent variables used to represent firm profitability in the study; return on assets’ ratio (ROA), return on equity ratio (ROE) and net profit margin (ROS); independent variables used to represent financial performance; interest coverage ratio (ICR), price earnings ratio (P/E), current ratio (CTR), leverage ratio (TDR) and asset growth ratio (ARS) have determined and the variables affecting profitability have analysed by static panel data analysis. According to the results of the research; it was determined that the interest coverage ratio and the asset growth rate have an effect on the return on assets ratio. Apart from this, it was determined that price earnings ratio, interest coverage ratio, current ratio and leverage ratio have an effect on the return on equity ratio. Finally, it was detected that the price earnings ratio and the current ratio have statistically significant effects on the net profit margin.

show abstract

The Effect of the Financial Leverage on the Profitability in the Tourism Companies (Analytical Study- Tourism Sector- Jordan)

Cited by 12 publications

References 4 publications

Relating Financial Leverage to Corporate Performance: A Case of Cement Manufacturing Firms in Nigeria

Relating Financial Leverage to Corporate Performance: A Case of Cement Manufacturing Firms in Nigeria

Artificial intelligence perspective on tourism education

Effect of the Financial Performance of Companies in Tourism Sector on Firm Profitability: an Applied Study on Developed Countries

Contact Info

Product

Resources

About