Publicação
Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant
| Resumo: | Focused on a population that represents the majority of Portuguese business fabric – the SME’s and a sample of SME’s located on the interior of mainland Portugal, this paper raises the research question: “The region where the firm operates, as well as its Certified Accountant (TOC), influences its Return on Assets (ROA)?” Based on pecking order theory and static trade off theory as well as the determinants indicated by them to explain the ROA, we applied a multivariate linear regression analysis to identify such factors on a unique private database of companies’ financial data collected s for the period 2006 to 2009 with 4096 observations. Along with traditional factors we also tested the region and TOC responsible for SME’s books. The results indicate that all the independent variables included in the multiple regression linear model, have a negative coefficient, with the exception of the capital structure, financial expenses, return on turnover, location of companies and TOC responsible for accounting. These variables are statistically significant at 5% significance level (except the variable TOC). There seems to exist differences between companies in its profitability due to the TOC that is responsible for accounting. |
|---|---|
| Autores principais: | Fernandes, António B. |
| Outros Autores: | Monte, Ana Paula |
| Assunto: | Certified accountants Certified accountants Interior regions |
| Ano: | 2016 |
| 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_ | 1867173024067747840 |
|---|---|
| author | Fernandes, António B. |
| author2 | Monte, Ana Paula |
| author2_role | author |
| author_facet | Fernandes, António B. Monte, Ana Paula |
| author_role | author |
| contributor_name_str_mv | Biblioteca Digital do IPB |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Fernandes, António B.\",\"Person.identifier.orcid\":\"0000-0002-6526-9903\"},{\"Person.name\":\"Monte, Ana Paula\",\"Person.identifier.orcid\":\"0000-0001-9936-0142\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Biblioteca Digital do IPB |
| datacite.creators.creator.creatorName.fl_str_mv | Fernandes, António B. Monte, Ana Paula |
| datacite.date.Accepted.fl_str_mv | 2016-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2018-04-10T13:42:01Z |
| datacite.date.embargoed.fl_str_mv | 2018-04-10T13:42:01Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Certified accountants Certified accountants Interior regions |
| datacite.titles.title.fl_str_mv | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| dc.contributor.none.fl_str_mv | Biblioteca Digital do IPB |
| dc.creator.none.fl_str_mv | Fernandes, António B. Monte, Ana Paula |
| dc.date.Accepted.fl_str_mv | 2016-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2018-04-10T13:42:01Z |
| dc.date.embargoed.fl_str_mv | 2018-04-10T13:42:01Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10198/16936 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Universidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, México |
| 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 | Certified accountants Certified accountants Interior regions |
| dc.title.fl_str_mv | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_5794 |
| description | Focused on a population that represents the majority of Portuguese business fabric – the SME’s and a sample of SME’s located on the interior of mainland Portugal, this paper raises the research question: “The region where the firm operates, as well as its Certified Accountant (TOC), influences its Return on Assets (ROA)?” Based on pecking order theory and static trade off theory as well as the determinants indicated by them to explain the ROA, we applied a multivariate linear regression analysis to identify such factors on a unique private database of companies’ financial data collected s for the period 2006 to 2009 with 4096 observations. Along with traditional factors we also tested the region and TOC responsible for SME’s books. The results indicate that all the independent variables included in the multiple regression linear model, have a negative coefficient, with the exception of the capital structure, financial expenses, return on turnover, location of companies and TOC responsible for accounting. These variables are statistically significant at 5% significance level (except the variable TOC). There seems to exist differences between companies in its profitability due to the TOC that is responsible for accounting. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | conferencePaper |
| fulltext.url.fl_str_mv | https://bibliotecadigital.ipb.pt/bitstreams/7d7abe9b-e67d-46d7-bdbc-bde88cc04d8a/download |
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| identifier.url.fl_str_mv | http://hdl.handle.net/10198/16936 |
| 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:10198/16936 |
| organization_str_mv | urn:organizationAcronym:ipb |
| person_str_mv | Fernandes, António B. Fernandes, António B. https://www.ciencia-id.pt/9215-EC79-BC43 9215-EC79-BC43 http://orcid.org/0000-0002-6526-9903 0000-0002-6526-9903 Monte, Ana Paula Monte, Ana Paula https://www.ciencia-id.pt/531F-8D14-F89E 531F-8D14-F89E http://orcid.org/0000-0001-9936-0142 0000-0001-9936-0142 |
| publishDate | 2016 |
| publisher.none.fl_str_mv | Universidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, México |
| reponame_str | Biblioteca Digital do IPB |
| repository_id_str | urn:repositoryAcronym:ipb |
| service_str_mv | urn:repositoryAcronym:ipb |
| spelling | engUniversidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, Méxicopt_PTFocused on a population that represents the majority of Portuguese business fabric – the SME’s and a sample of SME’s located on the interior of mainland Portugal, this paper raises the research question: “The region where the firm operates, as well as its Certified Accountant (TOC), influences its Return on Assets (ROA)?” Based on pecking order theory and static trade off theory as well as the determinants indicated by them to explain the ROA, we applied a multivariate linear regression analysis to identify such factors on a unique private database of companies’ financial data collected s for the period 2006 to 2009 with 4096 observations. Along with traditional factors we also tested the region and TOC responsible for SME’s books. The results indicate that all the independent variables included in the multiple regression linear model, have a negative coefficient, with the exception of the capital structure, financial expenses, return on turnover, location of companies and TOC responsible for accounting. These variables are statistically significant at 5% significance level (except the variable TOC). There seems to exist differences between companies in its profitability due to the TOC that is responsible for accounting.application/pdfpt_PTDeterminants of return on assets and capital structure - disparities depending on the region and the certified accountantPersonalFernandes, António B.DSpacehttp://dspace.org/items/160f067d-4cd4-4e53-ae68-4476ede43da1DSpacehttp://dspace.org/items/160f067d-4cd4-4e53-ae68-4476ede43da1FernandesAntónio B.Ciência IDhttps://www.ciencia-id.pt9215-EC79-BC43ORCIDhttp://orcid.org0000-0002-6526-9903Scopus Author IDhttps://www.scopus.com57207923346PersonalMonte, Ana PaulaDSpacehttp://dspace.org/items/1ac2a8f5-4d37-4913-bd74-e6a0a7206521DSpacehttp://dspace.org/items/1ac2a8f5-4d37-4913-bd74-e6a0a7206521MonteAna PaulaCiência IDhttps://www.ciencia-id.pt531F-8D14-F89EORCIDhttp://orcid.org0000-0001-9936-0142Researcher IDhttps://www.researcherid.comF-7469-2012Researcher IDhttps://www.researcherid.comF-7469-2012Scopus Author IDhttps://www.scopus.com57202852398Scopus Author IDhttps://www.scopus.com57200860555Scopus Author IDhttps://www.scopus.com57213633836HostingInstitutionOrganizationalBiblioteca Digital do IPBe-mailmailto:dspace@ipb.ptdspace@ipb.ptISSNIsPartOf978-607-9405-73-12018-04-10T13:42:01Z20162016-01-01T00:00:00ZHandlehttp://hdl.handle.net/10198/16936http://purl.org/coar/access_right/c_abf2open accessCertified accountantsCertified accountantsInterior regions4766267 bytesother research producthttp://purl.org/coar/resource_type/c_5794conference paper2016http://creativecommons.org/licenses/by/4.0/http://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://bibliotecadigital.ipb.pt/bitstreams/7d7abe9b-e67d-46d7-bdbc-bde88cc04d8a/downloadXX Congreso Internacional de Investigación en Ciencias Administrativas - Gestión social: organizaciones humanas para una sociedad global incluyente30873118Universidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, México |
| spellingShingle | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant Fernandes, António B. Certified accountants Certified accountants Interior regions |
| status | SINGLETON |
| subject.fl_str_mv | Certified accountants Certified accountants Interior regions |
| title | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| title_full | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| title_fullStr | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| title_full_unstemmed | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| title_short | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| title_sort | Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant |
| topic | Certified accountants Certified accountants Interior regions |
| topic_facet | Certified accountants Certified accountants Interior regions |
| url | http://hdl.handle.net/10198/16936 |
| visible | 1 |