Studying the ability of institutional characteristics to interpret financial performance using the traditional and modern financial indicators of Algerian cement enterprises Applied Study of the Industrial Estates of Algeria Cement during the Period (2011

Abstract

This study aims at identifying the ability of institutional characteristics to interpret financial
performance using traditional and modern financial indicators of the most important national industrial
institutions represented by the (12) cement enterprises of the (GICA) during the period (2011-2016).
The empirical results for the impact of institutional characteristics have shown that the characteristics of
(R4, R5, R10 and R11) explain 82% of changes in( ROA), While the institutional characteristics of the
management accounts indicators (R1, R1, R3, R3) explain the 98.6% of the changes in the return on
equity (ROE) .
As the results of the tests proved, there is no statistically significant impact on institutional
characteristics on the recent financial performance indicators