A comparison of the debt carried by indigenous corporations and charities in Australia
Joao Manuel da Costa Canoquena et al.
What the paper says
The present study contributes to the body of knowledge about corporate debt by denoting differences in debt levels between Indigenous corporations (ICs) operating in the service sector and charities in the same sector in Australia over the three years to 2016. Using the Mann-Whitney U test, this study found that ICs carried more debt than charities. Most importantly, the present investigation into ICs' debt unveiled a relatively high proportion of IC members' accumulated funds (equity) represented by debt. In fact, debt represented 74 per cent of ICs' equity. However, ICs' asset base seemed to be fairly strong, with debt only representing, on average, 35 per cent of ICs' assets. The real challenge for ICs appeared to be cashf low, which was found to be negative in 41 per cent of the 258 yearly observations. The implications of these results are discussed within the broad agenda of Indigenous Australians' search for control of their economic future.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.