دراسة دوغلاس 1963 (اثر اساءةاستخدام

دراسة دوغلاس 1963 (اثر اساءةاستخدام الرافعة) :
هدفت هذه الدراسة إلى بيان العلاقة بين الرافعة المالية، وتكلفة التمويل ومدى تأثيرهمـا فـي مصادر التمويل. وتوصلت هذه الدراسة إلى أن زيادة نسبة الاقتراض تؤدي إلى تحقيق أفضل عائـد تشغيلي لرأس المال، غير أن ذلك لا يمكن أن يكون نتيجة نهائية وذلك لان زيادة الاقتراض يوجد فيها مخاطرة عالية اذ من الممكن ان تؤدي الى افلاس الشركات عند تجاوزهم للحد المطلوب بمعنى اخر ان استخدام الرافعة المالية بشكل مبالغ فيه يؤدي لنتائج غير جيدةوكذلك تؤكد الدراسة أن تكلفة التمويل الممتلك تكون مرتفعة في الشركات الصناعية الثقيلـة مثل ( السيارات والصناعات الهندسية، بحيث تكون الشركات عرضه لأن تكون تكلفة تمويلها عاليـةفي مقابل تقليل نسبة المخاطرة النظامية وغير النظامية)

النتائج (الإنجليزية) 1:

Douglas 1963 study (impact of اساءهاستخدام crane):This study aimed to manifest the relationship between leverage, cost of funding and the extent of their influence in the sources of funding. The study found that increasing the ratio of borrowing to achieve best operational dividend capital, however, there can be a final result because increased borrowing there is a high risk that could lead to bankruptcy of companies when exceeding the required reduction in other words that use leverage artificially leads to results that are not well and your so study confirms that the cost of financing property are high in heavy industries such as automobile and engineering industries (so that firms are likely to be The cost of financing high risk reduction heavy compared to regular and irregular)

النتائج (الإنجليزية) 2:

Douglas 1963 study (after Aadshasthaddam Leverage):
This study aimed to the statement of the relationship between financial leverage, and the cost of funding and the extent of their impact in the sources of funding. The study found that increasing the borrowing rate will lead to better operational return on capital, but that can not be the final result, because the increased borrowing where there is high risk as it could lead to the bankruptcy of companies when exceeding the required other words, to reduce the use of Leverage is exaggerated lead to results Gidhokzlk study confirms that the funding cost of the property is high in heavy industrial companies (such as automotive and engineering industries, so that companies are liable to be compared to the cost of financing Aalahvi reduce the risk of regular and irregular ratio)

النتائج (الإنجليزية) 3:

The study of Douglas 1963 (after Asatastkhdam crane): "the purpose of this study was to describe the relation between financial leverage, and the cost of financing and how Tathyrhma in sources of funding.This study found that increasing the proportion of borrowing to achieve better operating Ayd capital, but this cannot be the final result, because the the increased borrowing is high risk as it is possible to lead to the bankruptcy of CompaniesIf the required reduction in other words that the excessive use of financial leverage leads to results Jydtwkdhlk study confirms that the cost of financing the property is high in heavy industrial companies Automotive and engineering industries, such as