Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017

Detalhes bibliográficos
Autor(a) principal: Henrique, Marcelo Rabelo
Data de Publicação: 2022
Outros Autores: Saporito, Antonio, Cabido, Natália Cristina Torres, Silva, Sandro Braz
Tipo de documento: Artigo
Idioma: por
Título da fonte: CAFI (São Paulo)
Texto Completo: https://revistas.pucsp.br/index.php/CAFI/article/view/57652
Resumo: Financial institutions move billions every day, investing, offering credit, among many other activities. Brazilian banks have one of the largest spreads in the world, being exposed to greater default risks. Taking into account the importance of commercial banks and the increase in defaults in the economy, the objective of the work was to identify the relationship between leverage and profitability in Brazilian banking institutions. As it is a study with a quantitative approach, the following methodological activities were carried out: i) calculation of leverage and profitability indicators; ii) creation of multiple regression models; iii) analysis with 18 banks and then with the 4 largest in the period from 2008 to 2017. It was concluded that for the 18 banks there is no relationship between leverage and profitability. However, when analyzing the 4 largest banks, it was found that there is a significant relationship between leverage and profitability, especially when ROE is related to GE, having a positive relationship.
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spelling Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017Análise da influência da alavancagem na rentabilidade dos bancos brasileiros listados na B3 no período de 2008 a 2017financial indicatorsleverageprofitabilitybanksmultiple regressionsindicadores financeirosalavancagemRentabilidadebancosregressões múltiplasFinancial institutions move billions every day, investing, offering credit, among many other activities. Brazilian banks have one of the largest spreads in the world, being exposed to greater default risks. Taking into account the importance of commercial banks and the increase in defaults in the economy, the objective of the work was to identify the relationship between leverage and profitability in Brazilian banking institutions. As it is a study with a quantitative approach, the following methodological activities were carried out: i) calculation of leverage and profitability indicators; ii) creation of multiple regression models; iii) analysis with 18 banks and then with the 4 largest in the period from 2008 to 2017. It was concluded that for the 18 banks there is no relationship between leverage and profitability. However, when analyzing the 4 largest banks, it was found that there is a significant relationship between leverage and profitability, especially when ROE is related to GE, having a positive relationship.As instituições financeiras movimentam bilhões todos os dias, investindo, oferecendo crédito, entre outras inúmeras atividades. Os bancos brasileiros possuem um dos maiores spreads do mundo, estando exposto a maiores riscos de inadimplência. Levando em consideração a importância dos bancos comerciais e o aumento da inadimplência na economia, o objetivo do trabalho foi identificar a relação entre alavancagem e rentabilidade nas instituições bancárias brasileiras. Por ser um estudo de abordagem quantitativo, foram realizadas as seguintes atividades metodológicas: i) cálculo de indicadores de alavancagem e de rentabilidade; ii) criação de modelos de regressões múltiplas; iii) análise com 18 bancos e depois com os 4 maiores no período de 2008 a 2017. Concluiu-se que para os 18 bancos não há relação entre alavancagem e rentabilidade. Contudo, ao analisar os 4 maiores bancos, verificou-se que há relação significativa entre alavancagem e rentabilidade, em especial, quando se relaciona ROE com GE, possuindo uma relação positiva.Pontifícia Universidade Católica de São Paulo - PUC/SP2022-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.pucsp.br/index.php/CAFI/article/view/5765210.23925/cafi.v5i1.57652CAFI; Vol. 5 No. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-38CAFI; Vol. 5 Núm. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-38CAFI ; v. 5 n. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-382595-17502595-175010.23925/cafi.v5i1reponame:CAFI (São Paulo)instname:Pontifícia Universidade Católica de São Paulo (PUC-SP)instacron:PUC_SPporhttps://revistas.pucsp.br/index.php/CAFI/article/view/57652/39422Copyright (c) 2022 CAFI https://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessHenrique, Marcelo RabeloSaporito, AntonioCabido, Natália Cristina TorresSilva, Sandro Braz2022-04-24T14:52:24Zoai:ojs.pkp.sfu.ca:article/57652Revistahttps://revistas.pucsp.br/index.php/CAFI/indexPRIhttps://revistas.pucsp.br/index.php/CAFI/oainvg@galegale.com.br||2595-17502595-1750opendoar:2022-04-24T14:52:24CAFI (São Paulo) - Pontifícia Universidade Católica de São Paulo (PUC-SP)false
dc.title.none.fl_str_mv Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
Análise da influência da alavancagem na rentabilidade dos bancos brasileiros listados na B3 no período de 2008 a 2017
title Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
spellingShingle Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
Henrique, Marcelo Rabelo
financial indicators
leverage
profitability
banks
multiple regressions
indicadores financeiros
alavancagem
Rentabilidade
bancos
regressões múltiplas
title_short Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
title_full Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
title_fullStr Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
title_full_unstemmed Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
title_sort Analysis of the influence of leverage on the profitability of Brazilian banks listed on B3 from 2008 to 2017
author Henrique, Marcelo Rabelo
author_facet Henrique, Marcelo Rabelo
Saporito, Antonio
Cabido, Natália Cristina Torres
Silva, Sandro Braz
author_role author
author2 Saporito, Antonio
Cabido, Natália Cristina Torres
Silva, Sandro Braz
author2_role author
author
author
dc.contributor.author.fl_str_mv Henrique, Marcelo Rabelo
Saporito, Antonio
Cabido, Natália Cristina Torres
Silva, Sandro Braz
dc.subject.por.fl_str_mv financial indicators
leverage
profitability
banks
multiple regressions
indicadores financeiros
alavancagem
Rentabilidade
bancos
regressões múltiplas
topic financial indicators
leverage
profitability
banks
multiple regressions
indicadores financeiros
alavancagem
Rentabilidade
bancos
regressões múltiplas
description Financial institutions move billions every day, investing, offering credit, among many other activities. Brazilian banks have one of the largest spreads in the world, being exposed to greater default risks. Taking into account the importance of commercial banks and the increase in defaults in the economy, the objective of the work was to identify the relationship between leverage and profitability in Brazilian banking institutions. As it is a study with a quantitative approach, the following methodological activities were carried out: i) calculation of leverage and profitability indicators; ii) creation of multiple regression models; iii) analysis with 18 banks and then with the 4 largest in the period from 2008 to 2017. It was concluded that for the 18 banks there is no relationship between leverage and profitability. However, when analyzing the 4 largest banks, it was found that there is a significant relationship between leverage and profitability, especially when ROE is related to GE, having a positive relationship.
publishDate 2022
dc.date.none.fl_str_mv 2022-01-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.pucsp.br/index.php/CAFI/article/view/57652
10.23925/cafi.v5i1.57652
url https://revistas.pucsp.br/index.php/CAFI/article/view/57652
identifier_str_mv 10.23925/cafi.v5i1.57652
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.pucsp.br/index.php/CAFI/article/view/57652/39422
dc.rights.driver.fl_str_mv Copyright (c) 2022 CAFI
https://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 CAFI
https://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Pontifícia Universidade Católica de São Paulo - PUC/SP
publisher.none.fl_str_mv Pontifícia Universidade Católica de São Paulo - PUC/SP
dc.source.none.fl_str_mv CAFI; Vol. 5 No. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-38
CAFI; Vol. 5 Núm. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-38
CAFI ; v. 5 n. 1 (2022): CAFI - Contabilidade, Atuária, Finanças & Informação; 20-38
2595-1750
2595-1750
10.23925/cafi.v5i1
reponame:CAFI (São Paulo)
instname:Pontifícia Universidade Católica de São Paulo (PUC-SP)
instacron:PUC_SP
instname_str Pontifícia Universidade Católica de São Paulo (PUC-SP)
instacron_str PUC_SP
institution PUC_SP
reponame_str CAFI (São Paulo)
collection CAFI (São Paulo)
repository.name.fl_str_mv CAFI (São Paulo) - Pontifícia Universidade Católica de São Paulo (PUC-SP)
repository.mail.fl_str_mv nvg@galegale.com.br||
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