title: Prediction of Profitability of Russian Companies: The Industry-Adjusted DuPont Model
metadata.name: dc.contributor.author
metadata.value: Berezinets, Irina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Udovichenko, Olga M.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Devkin, Alexander A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2016-08-17T09:56:35Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2016-08-17T09:56:35Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-03
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/2602
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article is devoted to the prediction of return on assets of Russian companies. In particular,
  we analyse whether the use of industry-adjusted DuPont model will improve the quality of forecasting.
  With a view to discriminate between financial and operational performance the forecasting
  was carried out for the return on net operating assets. The methodology of the research is
  based on econometric modelling with the decomposition of profitability with industry-adjusted
  DuPont model. The industry-adjusted model, in addition to the traditional decomposition of
  return on assets of the company into profit margin (PM) and asset turnover (ATO), allows for
  the decomposition into industry-specific component and pure company-specific component. The
  study was conducted on the sample of 518 Russian companies from eight industries. The total
  number of observations was 5019 firm-years. We identified the main patterns in the behaviour
  of industry-adjusted PM and ATO. These results could be used in the assessment of the investment
  perspectives of the companies, as well as in value-based management techniques.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Vol. 14; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: return on assets forecasting
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: DuPont model
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial analysis
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Prediction of Profitability of Russian Companies: The Industry-Adjusted DuPont Model
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: Berezinets_Udovichenko_Devkin.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/2602/1/Berezinets_Udovichenko_Devkin.pdf
resources.format: Adobe PDF
resources.size: 926,54 kB