DETERMINANTS OF FINANCIAL PERFORMANCE OF NON-FINANCIAL SECTOR: EVIDENCE FROM PUBLIC TEXTILE SECTOR OF SYRIA

The objective of this study is to examine the determinants of financial performance of public textile firms in Syria. The analysis of present study is based on unbalanced panel data of 7 public textile firms for the period 2000-2016. Panel multiple regression analysis is used for estimation. The empirical results show that debt financing has a negative and significant effect on profitability of public textile firms operating in Syria, while both company size and sales growth have a positive and significant effect on financial performance.