مجلة آفاق للبحوث والدراسات
Volume 6, Numéro 1, Pages 64-80
2023-01-31

The Relationship Between Financial Performance And Firm Sustainable Growth: Evidence From Algerian Companies

Authors : Bousbaa Hana .

Abstract

The present study focuses on the relationship between financial performance and sustainable growth of large-sized firms in Algeria. These companies are currently facing more challenging environments compared to the past, as their survival rates are declining and suffering from a low level of profitability. The data used in the current study was from (40) companies between (2017-2020). Further, the multiple regression approach was used to analyze the survey data. This study has concluded that the net profit margin, assets turnover, and financial leverage are related to a firm's sustainable growth. On the other hand, the result reveals that dividend policy has a positive and insignificant effect on sustainable growth.

Keywords

Growth; Financial Performance; Sustainable Growth Rate; regression model.