IDEAS home Printed from https://ideas.repec.org/a/ids/gbusec/v24y2021i3p261-278.html
   My bibliography  Save this article

Performance evaluation of some listed companies: insights from Dhaka Stock Exchange in Bangladesh

Author

Listed:
  • S.M. Masudur Rahman
  • Abu Naser Mohammad Saif

Abstract

The present study unveils the key determinants of profitability that is the measure of performance for a company. The profitability measurement indicators ROA, ROE have been set as dependent variables, and macroeconomic factors like GDP, inflation, and company determinants like total asset, capital adequacy, net revenue margin, and the liquidity are set as independent variables. Natural log has been taken for total asset, GDP, and inflation as we considered the percentage change of the variables. It is found that in the case of ROA, four independent variables have a significant impact on ROA, but all are company determinants, no macroeconomic indicators have a remarkable influence on ROA. And in the case of ROE, it is revealed that only two variables, total asset, and GDP are meaningful and all other independent variables are insignificant. So, from the ROE side, it is found that NRM, liquidity, and capital adequacy are not significant variables. But for ROA, only two variables (GDP, inflation) are not significant. R2 is also higher for ROA (.8327) than R square for ROE (.1481).

Suggested Citation

  • S.M. Masudur Rahman & Abu Naser Mohammad Saif, 2021. "Performance evaluation of some listed companies: insights from Dhaka Stock Exchange in Bangladesh," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 24(3), pages 261-278.
    • Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:261-278
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=114661
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:261-278. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=168 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.