Publicação
Financial performance analysis of eurozone listed companies using dupont model
| Resumo: | The main objective of this paper is the analysis of factors that can influence the financial performance (measured by “return on equity”) of the Eurozone listed companies. For this purpose, we use the DuPont model to provide useful information to identify the main factors that affect profitability. The data was collected from financial statements of the Eurozone listed companies during the year 2018 (ORBIS database), and the final sample included 750 companies distributed across the 19 Eurozone countries. Using the Ordinary Least Squares (OLS) method, we studied the effects of four factors (tax burden, interest burden, EBIT margin, and assets turnover) in return on equity. The overall results suggest that all factors significantly have an influence in return on equity and, consequently, the financial performance of companies listed in the stock markets of Eurozone countries. The efficient use of total assets, measured by assets turnover, seems to be the most powerful factor with an impact of 0.94% in ROE, due to a variation of 1%. However, all the other factors also show a considerable influence on financial performance. |
|---|---|
| Autores principais: | Baptista, Andreia |
| Outros Autores: | Lopes, José Carlos; Alberto, Fernanda; Nunes, Alcina |
| Assunto: | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| Ano: | 2021 |
| País: | Portugal |
| Tipo de documento: | comunicação em conferência |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Bragança |
| Idioma: | inglês |
| Origem: | Biblioteca Digital do IPB |
| _version_ | 1867173343574097920 |
|---|---|
| author | Baptista, Andreia |
| author2 | Lopes, José Carlos Alberto, Fernanda Nunes, Alcina |
| author2_role | author author author |
| author_facet | Baptista, Andreia Lopes, José Carlos Alberto, Fernanda Nunes, Alcina |
| author_role | author |
| contributor_name_str_mv | Biblioteca Digital do IPB |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Baptista, Andreia\"},{\"Person.name\":\"Lopes, José Carlos\",\"Person.identifier.orcid\":\"0000-0002-0516-0076\"},{\"Person.name\":\"Alberto, Fernanda\"},{\"Person.name\":\"Nunes, Alcina\",\"Person.identifier.orcid\":\"0000-0003-4056-9747\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Biblioteca Digital do IPB |
| datacite.creators.creator.creatorName.fl_str_mv | Baptista, Andreia Lopes, José Carlos Alberto, Fernanda Nunes, Alcina |
| datacite.date.Accepted.fl_str_mv | 2021-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2023-02-22T15:09:42Z |
| datacite.date.embargoed.fl_str_mv | 2023-02-22T15:09:42Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| datacite.titles.title.fl_str_mv | Financial performance analysis of eurozone listed companies using dupont model |
| dc.contributor.none.fl_str_mv | Biblioteca Digital do IPB |
| dc.creator.none.fl_str_mv | Baptista, Andreia Lopes, José Carlos Alberto, Fernanda Nunes, Alcina |
| dc.date.Accepted.fl_str_mv | 2021-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2023-02-22T15:09:42Z |
| dc.date.embargoed.fl_str_mv | 2023-02-22T15:09:42Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10198/27097 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | EuroMed Press |
| dc.rights.cclincense.fl_str_mv | http://creativecommons.org/licenses/by/4.0/ |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| dc.title.fl_str_mv | Financial performance analysis of eurozone listed companies using dupont model |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_5794 |
| description | The main objective of this paper is the analysis of factors that can influence the financial performance (measured by “return on equity”) of the Eurozone listed companies. For this purpose, we use the DuPont model to provide useful information to identify the main factors that affect profitability. The data was collected from financial statements of the Eurozone listed companies during the year 2018 (ORBIS database), and the final sample included 750 companies distributed across the 19 Eurozone countries. Using the Ordinary Least Squares (OLS) method, we studied the effects of four factors (tax burden, interest burden, EBIT margin, and assets turnover) in return on equity. The overall results suggest that all factors significantly have an influence in return on equity and, consequently, the financial performance of companies listed in the stock markets of Eurozone countries. The efficient use of total assets, measured by assets turnover, seems to be the most powerful factor with an impact of 0.94% in ROE, due to a variation of 1%. However, all the other factors also show a considerable influence on financial performance. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | conferencePaper |
| fulltext.url.fl_str_mv | https://bibliotecadigital.ipb.pt/bitstreams/40a13dd4-df92-4cb0-b999-a4d2bd5ad63e/download |
| id | ipb_37c09d7a3f12c2b431c5256b9711a521 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10198/27097 |
| instacron_str | ipb |
| institution | Instituto Politécnico de Bragança |
| instname_str | Instituto Politécnico de Bragança |
| language | eng |
| network_acronym_str | ipb |
| network_name_str | Biblioteca Digital do IPB |
| oai_identifier_str | oai:bibliotecadigital.ipb.pt:10198/27097 |
| organization_str_mv | urn:organizationAcronym:ipb |
| person_str_mv | Baptista, Andreia Lopes, José Carlos Lopes, José Carlos https://www.ciencia-id.pt/0C1C-FDFE-8A61 0C1C-FDFE-8A61 http://orcid.org/0000-0002-0516-0076 0000-0002-0516-0076 Alberto, Fernanda Nunes, Alcina Nunes, Alcina https://www.ciencia-id.pt/1111-680F-0CAF 1111-680F-0CAF http://orcid.org/0000-0003-4056-9747 0000-0003-4056-9747 |
| publishDate | 2021 |
| publisher.none.fl_str_mv | EuroMed Press |
| reponame_str | Biblioteca Digital do IPB |
| repository_id_str | urn:repositoryAcronym:ipb |
| service_str_mv | urn:repositoryAcronym:ipb |
| spelling | engEuroMed Presspt_PTThe main objective of this paper is the analysis of factors that can influence the financial performance (measured by “return on equity”) of the Eurozone listed companies. For this purpose, we use the DuPont model to provide useful information to identify the main factors that affect profitability. The data was collected from financial statements of the Eurozone listed companies during the year 2018 (ORBIS database), and the final sample included 750 companies distributed across the 19 Eurozone countries. Using the Ordinary Least Squares (OLS) method, we studied the effects of four factors (tax burden, interest burden, EBIT margin, and assets turnover) in return on equity. The overall results suggest that all factors significantly have an influence in return on equity and, consequently, the financial performance of companies listed in the stock markets of Eurozone countries. The efficient use of total assets, measured by assets turnover, seems to be the most powerful factor with an impact of 0.94% in ROE, due to a variation of 1%. However, all the other factors also show a considerable influence on financial performance.application/pdfpt_PTFinancial performance analysis of eurozone listed companies using dupont modelBaptista, AndreiaPersonalLopes, José CarlosDSpacehttp://dspace.org/items/6f060c38-c86f-4cea-a408-10cd067bc0daDSpacehttp://dspace.org/items/6f060c38-c86f-4cea-a408-10cd067bc0daLopesJosé CarlosCiência IDhttps://www.ciencia-id.pt0C1C-FDFE-8A61ORCIDhttp://orcid.org0000-0002-0516-0076Alberto, FernandaPersonalNunes, AlcinaDSpacehttp://dspace.org/items/f96c3560-c1d3-432c-aa84-49982ea86106DSpacehttp://dspace.org/items/f96c3560-c1d3-432c-aa84-49982ea86106NunesAlcinaCiência IDhttps://www.ciencia-id.pt1111-680F-0CAFORCIDhttp://orcid.org0000-0003-4056-9747Researcher IDhttps://www.researcherid.comM-8259-2013Scopus Author IDhttps://www.scopus.com55907654000HostingInstitutionOrganizationalBiblioteca Digital do IPBe-mailmailto:dspace@ipb.ptdspace@ipb.ptISBNIsPartOf978-9963-711-90-1ISSNIsPartOf2547-85162023-02-22T15:09:42Z20212021-01-01T00:00:00ZHandlehttp://hdl.handle.net/10198/27097http://purl.org/coar/access_right/c_abf2open accessDuPont modelEurozone countriesFinancial performanceProfitability ratiosReturn on equityStock markets1739262 bytesother research producthttp://purl.org/coar/resource_type/c_5794conference paper2021http://creativecommons.org/licenses/by/4.0/http://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://bibliotecadigital.ipb.pt/bitstreams/40a13dd4-df92-4cb0-b999-a4d2bd5ad63e/download14th Annual Conference of the EuroMed Academy of Business: Contemporary Business Concepts and Strategies in the New Era5264 |
| spellingShingle | Financial performance analysis of eurozone listed companies using dupont model Baptista, Andreia DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| status | SINGLETON |
| subject.fl_str_mv | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| title | Financial performance analysis of eurozone listed companies using dupont model |
| title_full | Financial performance analysis of eurozone listed companies using dupont model |
| title_fullStr | Financial performance analysis of eurozone listed companies using dupont model |
| title_full_unstemmed | Financial performance analysis of eurozone listed companies using dupont model |
| title_short | Financial performance analysis of eurozone listed companies using dupont model |
| title_sort | Financial performance analysis of eurozone listed companies using dupont model |
| topic | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| topic_facet | DuPont model Eurozone countries Financial performance Profitability ratios Return on equity Stock markets |
| url | http://hdl.handle.net/10198/27097 |
| visible | 1 |