The Determinants of Leverage in Tunisian Listed Companies
Purpose: In this article we studied the determinants of leverage in Tunisian context in the period (2016-2023). Design/methodology/approach: We used a sample of 30 companies listed in Tunisian stock exchange. Findings: By applying a method of panel static we found that return on assets, return on equity, size of firm, capital, economic growth, and inflation have a significant impact on firm leverage. Practical implications: The article identifies the determinants of firm leverage for possible use by managers to protect their companies from unforeseen financial disturbances. Originality/value: Leverage is important in the field of finance of firm. It is useful to increase the investment and the growth opportunities of companies.