Financial performance analysis of eurozone listed companies using dupont model

Baptista, Andreia; Lopes, José Carlos; Alberto, Fernanda; Nunes, Alcina

Publication

Financial performance analysis of eurozone listed companies using dupont model

2021Conference paper

dc.contributor.author	Baptista, Andreia
dc.contributor.author	Lopes, José Carlos
dc.contributor.author	Alberto, Fernanda
dc.contributor.author	Nunes, Alcina
dc.date.accessioned	2023-02-22T15:09:42Z
dc.date.available	2023-02-22T15:09:42Z
dc.date.issued	2021
dc.description.abstract	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.	pt_PT
dc.description.version	info:eu-repo/semantics/publishedVersion	pt_PT
dc.identifier.citation	Baptista, Andreia; Alberto, Fernanda; Lopes, José; Nunes, Alcina (2021). Financial performance analysis of Eurozone listed companies using Dupont model. In 14th Annual Conference of the EuroMed Academy of Business. p. 52-64	pt_PT
dc.identifier.isbn	978-9963-711-90-1
dc.identifier.issn	2547-8516
dc.identifier.uri	http://hdl.handle.net/10198/27097
dc.language.iso	eng	pt_PT
dc.peerreviewed	yes	pt_PT
dc.publisher	EuroMed Press	pt_PT
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	pt_PT
dc.subject	DuPont model	pt_PT
dc.subject	Eurozone countries	pt_PT
dc.subject	Financial performance	pt_PT
dc.subject	Profitability ratios	pt_PT
dc.subject	Return on equity	pt_PT
dc.subject	Stock markets	pt_PT
dc.title	Financial performance analysis of eurozone listed companies using dupont model	pt_PT
dc.type	conference paper
dspace.entity.type	Publication
oaire.citation.endPage	64	pt_PT
oaire.citation.startPage	52	pt_PT
oaire.citation.title	14th Annual Conference of the EuroMed Academy of Business: Contemporary Business Concepts and Strategies in the New Era	pt_PT
person.familyName	Lopes
person.familyName	Nunes
person.givenName	José Carlos
person.givenName	Alcina
person.identifier.ciencia-id	0C1C-FDFE-8A61
person.identifier.ciencia-id	1111-680F-0CAF
person.identifier.orcid	0000-0002-0516-0076
person.identifier.orcid	0000-0003-4056-9747
person.identifier.rid	M-8259-2013
person.identifier.scopus-author-id	55907654000
rcaap.rights	openAccess	pt_PT
rcaap.type	conferenceObject	pt_PT
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