أمثلية هيكل التمويل و محددات اختياره في المؤسسة الاقتصادية -دراسة حالة مؤسسة سونلغاز فرع التوزيع بالمدية(2019/2021)

Abstract

The structure of transforming any institution involves its marketing sources estabiished for the region with lengthy conditions and interests, to which they provided continuity and the oldest in its activity,which led to a great debate about the choice of financing structure,the existence of an ideal structure or not, and its ability to influence the market value of the institution, the prominent viewpoints varied about the second structure of the instition,and perhaps we find the most famous of them is the study of Moody kaliani and Meller, which concluded that there is no optimal financial structure, and the idea that increased borrowing increases the value of the alleged institution,and does not affect it reality,as this study paved the way for other researches on the structure, Universal limits: Signal theory, Transcendental Finance, AgencyTheory…etc This enables the institution to obtain high returns at the lowest cost and risk, Funding sources are only the result of the organization. During the study it was concluded that acoparison must be made between internal and external funds, because of the savings provided by borrowing. A tax to form a financial structure that magnifies the value of the institution, but in reality there is no such thing as an optimal financial structure, but rather astructure. It is commensurate with the return and risk of etach institution separately