Structural and market-related factors impacting profitability: A cross sectional study of listed companies

Lena A. Seissian , Robert T. Gharios , Antoine B. Awad
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引用次数: 17

Abstract

The following paper aims at identifying whether several factors such as credit rating, liquidity, financial leverage, sales growth, company size, and average tax rates participate in determining the profitability of listed companies. This study adopted multiple regression analysis to measure the impact of the variables on profitability. The results have shown that the precedent variables explain 26.4% and 31.4% of ROA and ROE variations, respectively at a 5% significance level. Many researchers have deliberated about this subject; however, the uniqueness of this study is the assessment of credit ratings as a factor in explaining profitability of listed companies.

影响盈利能力的结构性和市场相关因素:上市公司的横断面研究
本文旨在确定信用评级、流动性、财务杠杆、销售增长、公司规模、平均税率等几个因素是否参与决定上市公司的盈利能力。本研究采用多元回归分析来衡量各变量对盈利能力的影响。结果表明,先例变量分别解释了26.4%和31.4%的ROA和ROE变化,在5%的显著性水平上。许多研究人员都在考虑这个问题;然而,本研究的独特之处在于将信用评级作为解释上市公司盈利能力的一个因素进行评估。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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