Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study

Detalhes bibliográficos
Autor(a) principal: Lebre-Rodrigues, Claudia
Data de Publicação: 2023
Outros Autores: Nakamura, Wilson Toshiro, Mendes, Johnny Silva
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Contextus (Fortaleza. Online)
Texto Completo: http://periodicos.ufc.br/contextus/article/view/82315
Resumo: This research investigates the determinants of ROE and the impact caused by the Covid-19 pandemic on public companies in Latin America. The fixed effects regression model with panel data is used to identify that factors related to sales policies and cost controls are the ones that contribute the most to ROE performance, regardless of the period. On the other hand, the level of indebtedness and macroeconomic indicators are not significant, strengthening the finding that the operational and internal decisions of the company contribute more strongly to maximizing shareholder returns. This verification helps financial managers in directing decisions and expands academic knowledge on this topic. 
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spelling Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data studyDeterminantes de la rentabilidad financiera y los impactos de la pandemia del Covid-19 en las empresas latinoamericanas: Un estudio con datos de panel Determinantes do retorno sobre o patrimônio líquido e os impactos da pandemia da Covid-19 em empresas da América Latina: Um estudo com dados em painel ROE determinantsCovid-19Latin Americapanel datafixed effects regressiondeterminantes de ROECovid-19América Latinadados em painelmodelo efeitos fixosdeterminantes del ROECovid-19América Latinadatos em panelmodelo de efectos fijosThis research investigates the determinants of ROE and the impact caused by the Covid-19 pandemic on public companies in Latin America. The fixed effects regression model with panel data is used to identify that factors related to sales policies and cost controls are the ones that contribute the most to ROE performance, regardless of the period. On the other hand, the level of indebtedness and macroeconomic indicators are not significant, strengthening the finding that the operational and internal decisions of the company contribute more strongly to maximizing shareholder returns. This verification helps financial managers in directing decisions and expands academic knowledge on this topic. Esta investigación busca los determinantes del ROE y el impacto causado por la pandemia de Covid-19 en las empresas que cotizan en bolsa en América Latina. El modelo de regresión de efectos fijos con datos de panel muestra que los factores relacionados con las ventas y el control de gastos son los que presentan mayor contribución al ROE, independientemente del período. Por otro lado, el nivel de endeudamiento y los indicadores macroeconómicos no son significativos, reforzando el hallazgo de que las decisiones operativas e internas de la empresa contribuyen con mayor fuerza a la maximización del retorno al accionista. Esta verificación ayuda a los administradores financieros en la toma de decisiones y amplía el conocimiento académico sobre este tema. Esta pesquisa investiga os determinantes do retorno sobre patrimônio líquido ou return on equity (ROE) e o impacto ocasionado pela pandemia da Covid-19 em empresas de capital aberto da América Latina. O modelo de regressão de efeitos fixos com dados em painel permite evidenciar que os fatores referentes às sales e controle de despesas são os que apresentam maior contribuição para o ROE, independentemente do período. Por outro lado, o nível de endividamento e os indicadores macroeconômicos se mostram não significativos, fortalecendo a constatação de que decisões operacionais e internas à empresa contribuem mais fortemente para a maximização do retorno ao acionista. Essa apuração auxilia os administradores financeiros no direcionamento de decisões e amplia o conhecimento acadêmico acerca desse tema.FEAAC/UFC2023-06-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfapplication/ziphttp://periodicos.ufc.br/contextus/article/view/8231510.19094/contextus.2023.82315Contextus - Contemporary Journal of Economics and Management; Vol. 21: jan/dez 2023; e82315Contextus – Revista Contemporánea de Economía y Gestión; Vol. 21: jan/dez 2023; e82315Contextus – Revista Contemporânea de Economia e Gestão; v. 21: jan/dez 2023; e823152178-92581678-2089reponame:Contextus (Fortaleza. Online)instname:Universidade Federal do Ceará (UFC)instacron:UFCengporhttp://periodicos.ufc.br/contextus/article/view/82315/243162http://periodicos.ufc.br/contextus/article/view/82315/243163http://periodicos.ufc.br/contextus/article/view/82315/249744http://periodicos.ufc.br/contextus/article/view/82315/249746http://periodicos.ufc.br/contextus/article/view/82315/249747http://periodicos.ufc.br/contextus/article/view/82315/249748Copyright (c) 2023 Revista: apenas para a 1a. publicaçãoinfo:eu-repo/semantics/openAccessLebre-Rodrigues, Claudia Nakamura, Wilson Toshiro Mendes, Johnny Silva 2023-09-29T13:32:59Zoai:periodicos.ufc:article/82315Revistahttp://periodicos.ufc.br/contextusPUBhttp://periodicos.ufc.br/contextus/oairevistacontextus@ufc.br2178-92581678-2089opendoar:2023-09-29T13:32:59Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
Determinantes de la rentabilidad financiera y los impactos de la pandemia del Covid-19 en las empresas latinoamericanas: Un estudio con datos de panel
Determinantes do retorno sobre o patrimônio líquido e os impactos da pandemia da Covid-19 em empresas da América Latina: Um estudo com dados em painel
title Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
spellingShingle Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
Lebre-Rodrigues, Claudia
ROE determinants
Covid-19
Latin America
panel data
fixed effects regression
determinantes de ROE
Covid-19
América Latina
dados em painel
modelo efeitos fixos
determinantes del ROE
Covid-19
América Latina
datos em panel
modelo de efectos fijos
title_short Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
title_full Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
title_fullStr Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
title_full_unstemmed Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
title_sort Return on equity determinants and Covid-19 pandemic impacts on Latin America companies: A panel data study
author Lebre-Rodrigues, Claudia
author_facet Lebre-Rodrigues, Claudia
Nakamura, Wilson Toshiro
Mendes, Johnny Silva
author_role author
author2 Nakamura, Wilson Toshiro
Mendes, Johnny Silva
author2_role author
author
dc.contributor.author.fl_str_mv Lebre-Rodrigues, Claudia
Nakamura, Wilson Toshiro
Mendes, Johnny Silva
dc.subject.por.fl_str_mv ROE determinants
Covid-19
Latin America
panel data
fixed effects regression
determinantes de ROE
Covid-19
América Latina
dados em painel
modelo efeitos fixos
determinantes del ROE
Covid-19
América Latina
datos em panel
modelo de efectos fijos
topic ROE determinants
Covid-19
Latin America
panel data
fixed effects regression
determinantes de ROE
Covid-19
América Latina
dados em painel
modelo efeitos fixos
determinantes del ROE
Covid-19
América Latina
datos em panel
modelo de efectos fijos
description This research investigates the determinants of ROE and the impact caused by the Covid-19 pandemic on public companies in Latin America. The fixed effects regression model with panel data is used to identify that factors related to sales policies and cost controls are the ones that contribute the most to ROE performance, regardless of the period. On the other hand, the level of indebtedness and macroeconomic indicators are not significant, strengthening the finding that the operational and internal decisions of the company contribute more strongly to maximizing shareholder returns. This verification helps financial managers in directing decisions and expands academic knowledge on this topic. 
publishDate 2023
dc.date.none.fl_str_mv 2023-06-27
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 http://periodicos.ufc.br/contextus/article/view/82315
10.19094/contextus.2023.82315
url http://periodicos.ufc.br/contextus/article/view/82315
identifier_str_mv 10.19094/contextus.2023.82315
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv http://periodicos.ufc.br/contextus/article/view/82315/243162
http://periodicos.ufc.br/contextus/article/view/82315/243163
http://periodicos.ufc.br/contextus/article/view/82315/249744
http://periodicos.ufc.br/contextus/article/view/82315/249746
http://periodicos.ufc.br/contextus/article/view/82315/249747
http://periodicos.ufc.br/contextus/article/view/82315/249748
dc.rights.driver.fl_str_mv Copyright (c) 2023 Revista: apenas para a 1a. publicação
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Revista: apenas para a 1a. publicação
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
application/zip
dc.publisher.none.fl_str_mv FEAAC/UFC
publisher.none.fl_str_mv FEAAC/UFC
dc.source.none.fl_str_mv Contextus - Contemporary Journal of Economics and Management; Vol. 21: jan/dez 2023; e82315
Contextus – Revista Contemporánea de Economía y Gestión; Vol. 21: jan/dez 2023; e82315
Contextus – Revista Contemporânea de Economia e Gestão; v. 21: jan/dez 2023; e82315
2178-9258
1678-2089
reponame:Contextus (Fortaleza. Online)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Contextus (Fortaleza. Online)
collection Contextus (Fortaleza. Online)
repository.name.fl_str_mv Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv revistacontextus@ufc.br
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