Determinants of Earnings Per Share | Determinantes do Earnings Per Share

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Détails sur la publication

Sous-titre: An application to the Portuguese market | Uma aplicação ao mercado Português
Liste des auteurs: Pacheco, L., Tavares, F. O., & Almeida, L.
Editeur: Revista ESPACIOS
Année de publication: 2017
Journal: Espacios (0798-1015)
Numéro du volume: 38
Numéro de publication: 17
Page d'accueil: 6
ISSN: 0798-1015
Languages: Anglais-Royaume-Uni (EN-GB), Potugais-Portugal (PT-PT)


Résumé

Evaluation is an important concept in financial markets and plays a key
role when making investment decisions. This paper discusses the Earnings
per Share as an asset evaluation tool, in order to identify the
determinants of this measure for non-financial companies in the
Portuguese capital market from 1997 to 2013, thus providing investors
with relevant economic and financial knowledge for the assessment of
equities or other assets and assisting them in the choice of
investments. The paper applies a panel data methodology, inspired on the
most relevant theories to explain the determinants of Earnings per
Share. The results suggest the existence of several important
indicators, such as dividend policy, which influences positively the
dividend yield, the sovereign rating and growth opportunities. These
last three indicators display a negative influence on the Earnings Per
Share. © 2017.


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