Variables description
| Variable name | Variable abbreviation | Measurement |
|---|---|---|
| Independent variables | ||
| Short-term debt | STDA | Short-term debt divided by total assets |
| Long-term debt | LTDA | Long-term debt divided by total assets |
| Tangibility | TNG | Net fixed assets divided by total assets |
| Sales growth | SG | Sales growth |
| Firm size | FS | Log of total sales |
| Dependent variables | ||
| Return on assets | ROA | Net profit after tax divided by total assets |
| Net profit margin | NPM | Net profit after tax divided by total sales |
| Variable name | Variable abbreviation | Measurement |
|---|---|---|
| Short-term debt | STDA | Short-term debt divided by total assets |
| Long-term debt | LTDA | Long-term debt divided by total assets |
| Tangibility | TNG | Net fixed assets divided by total assets |
| Sales growth | SG | Sales growth |
| Firm size | FS | Log of total sales |
| Return on assets | ROA | Net profit after tax divided by total assets |
| Net profit margin | NPM | Net profit after tax divided by total sales |
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