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The relevance of the tax effect compared with other dupont model factors in order toxplain the “return on equity” (Listed Companies – France, Germany, Portugal and Spain)

2019Conference object Open access
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dc.contributor.authorFerreira, Liliana Raquel Coelho
dc.contributor.authorLopes, José
dc.contributor.authorNunes, Alcina
dc.date.accessioned2020-04-03T10:50:30Z
dc.date.available2020-04-03T10:50:30Z
dc.date.issued2019
dc.description.abstractFinancial statements provide information that could explain the return on equity. The DuPont extended model identifies five key ratios/indicators that might explain the performance of a company – tax effect, interest burden, earnings before interest and taxes (EBIT) margin, assets turnover and financial leverage. This study aims to analyze the relevance of the tax effect on the “return on equity” (ROE) when compared with the other DuPont model factors. For the purpose of the study, we selected a sample based on listed companies from the stock markets of France, Germany, Portugal and Spain. The number of companies in the sample is 516. The Ordinary Least Square (OLS) method was used to determine the individual impact of each factor on the “return on equity”. According to our findings, the tax effect and the interest burden play the most important role in order to explain the return on equity.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationFerreira, Liliana; Lopes, José; Nunes, Alcina (2019). The relevance of the tax effect compared with other dupont model factors in order to explain the “return on equity” (Listed Companies – France, Germany, Portugal and Spain). In 34th International Business Information Management Association Conference (IBIMA). Madrid. p. 8498-8507pt_PT
dc.identifier.isbn978-0-9998551-3-3
dc.identifier.urihttp://hdl.handle.net/10198/21469
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherInternational Business Information Management Association (IBIMA)pt_PT
dc.relationThe preparation of the paper was supported by UNIAG, R&D unit funded by the FCT – Portuguese Foundation for the Development of Science and Technology, Ministry of Science, Technology and Higher Education; “Project Code Reference UID/GES/4752/2019”.pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectTax effectpt_PT
dc.subjectReturn on equitypt_PT
dc.subjectDuPont modelpt_PT
dc.subjectStock marketspt_PT
dc.titleThe relevance of the tax effect compared with other dupont model factors in order toxplain the “return on equity” (Listed Companies – France, Germany, Portugal and Spain)pt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.citation.conferencePlaceMadrid, Spainpt_PT
oaire.citation.endPage8507pt_PT
oaire.citation.startPage8498pt_PT
oaire.citation.title34th International Business Information Management Association Conference (IBIMA)pt_PT
person.familyNameLopes
person.familyNameNunes
person.givenNameJose
person.givenNameAlcina
person.identifier.ciencia-id1111-680F-0CAF
person.identifier.orcid0000-0002-0516-0076
person.identifier.orcid0000-0003-4056-9747
person.identifier.ridM-8259-2013
person.identifier.scopus-author-id55907654000
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT
relation.isAuthorOfPublication6f060c38-c86f-4cea-a408-10cd067bc0da
relation.isAuthorOfPublicationf96c3560-c1d3-432c-aa84-49982ea86106
relation.isAuthorOfPublication.latestForDiscoveryf96c3560-c1d3-432c-aa84-49982ea86106

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