Palanquejament

El palanquejament, en comptabilitat, expressa l'efecte multiplicador sobre la rendibilitat de l'empresa que proporciona un endeutament addicional en comptes d'utilitzar recursos propis.

Mirant el balanç, és la relació entre recursos aliens i recursos propis d'un negoci o empresa.

El palanquejament financer és la relació entre la rendibilitat financera i la rendibilitat econòmica d'una empresa o negoci en un temps i circumstàncies determinats (Palanquejament financer = Rendibilitat financera / Rendibilitat econòmica).

El palanquejament és la relació entre actiu i recursos propis: la inversió (actiu) que s'ha dut a terme a l'empresa per cada unitat monetària de recursos propis. L'efecte palanquejament és positiu quan la rendibilitat econòmica és superior al cost del finançament aliè. L'efecte palanquejament és negatiu quan la rendibilitat econòmica és inferior al cost del finançament aliè.

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