Archive of Journal - Financing
Financing – scientific journal for economy
ISSUE 2017, No. 3, Article 1, Year of publication: 8, September, 2017
ROE of non-financial companies listed on the Banja Luka Stock Exchange: basic components and trends
AUTHORS
George W. Kester, PhD*; Goran Radivojac, PhD*
*Washington and Lee University, Lexington, Virginia Williams School of Commerce, Economics and Politics, Mamie Fox Twyman Martel Professor, Department of Business Administration
**PhD Associate Professor, University of Banja Luka, Faculty of Economics, Department for Accounting and Business Finance
ABSTRACT
ARTICLE INFO
AbstractIn our research project and paper, we propose to evaluate the profitability of non-financial companies listed on the Banja Luka Stock Exchange using the ROE – DuPont framework of analysis. The DuPont framework breaks down a company’s return on equity into its components which is quite useful for evaluating changes in a company’s profitability over time and comparing its profitability with other companies.
Keywords: ROE, non-financial companies, Banja Luka Stock Exchange, profitability
DOI: 10.7251/FIN1703005K
Corresponding author:
goran.radivojac@efbl.org