Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant

Fernandes, António B.; Monte, Ana Paula

Publication

Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant

2016Conference paper

dc.contributor.author	Fernandes, António B.
dc.contributor.author	Monte, Ana Paula
dc.date.accessioned	2018-04-10T13:42:01Z
dc.date.available	2018-04-10T13:42:01Z
dc.date.issued	2016
dc.description.abstract	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.	pt_PT
dc.description.version	info:eu-repo/semantics/publishedVersion	pt_PT
dc.identifier.citation	Fernandes, António B.; Monte, Ana Paula (2016)- Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant. In XX Congreso Internacional de Investigación en Ciencias Administrativas -Gestión social: organizaciones humanas para una sociedad global incluyente,Universidad Autónoma de Yucatán (UADY). Mérida, Yucatán, México. p. 3087-3118. ISBN 978-607-9405-73-1	pt_PT
dc.identifier.issn	978-607-9405-73-1
dc.identifier.uri	http://hdl.handle.net/10198/16936
dc.language.iso	eng	pt_PT
dc.peerreviewed	yes	pt_PT
dc.publisher	Universidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, México	pt_PT
dc.relation.publisherversion	http://acacia.org.mx/memorias-de-los-congresos-recientes/	pt_PT
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	pt_PT
dc.subject	Certified accountants	pt_PT
dc.subject	Certified accountants	pt_PT
dc.subject	Interior regions	pt_PT
dc.title	Determinants of return on assets and capital structure - disparities depending on the region and the certified accountant	pt_PT
dc.type	conference paper
dspace.entity.type	Publication
oaire.citation.conferencePlace	Universidad Autónoma de Yucatán (UADY) en Mérida, Yucatán, México	pt_PT
oaire.citation.endPage	3118	pt_PT
oaire.citation.startPage	3087	pt_PT
oaire.citation.title	XX Congreso Internacional de Investigación en Ciencias Administrativas - Gestión social: organizaciones humanas para una sociedad global incluyente	pt_PT
person.familyName	Fernandes
person.familyName	Monte
person.givenName	António B.
person.givenName	Ana Paula
person.identifier.ciencia-id	9215-EC79-BC43
person.identifier.ciencia-id	531F-8D14-F89E
person.identifier.orcid	0000-0002-6526-9903
person.identifier.orcid	0000-0001-9936-0142
person.identifier.rid	F-7469-2012
person.identifier.scopus-author-id	57207923346
person.identifier.scopus-author-id	57202852398
rcaap.rights	openAccess	pt_PT
rcaap.type	conferenceObject	pt_PT
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