期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2022
卷号：14
期号：10
页码：1-12
DOI：10.5539/ijef.v14n10p1
语种：English
出版社：Canadian Center of Science and Education
摘要：This study looks at how a cement manufacturing company's financial features affect the systemic risk or beta. We collected data regarding the financial performance of all the publicly traded cement manufacturing companies for a six-year period (from 2016 to 2021) to identify the determinants of systematic risk or beta. We used linear regression with panel corrected standard error model. The study evaluated seven performance measures, profitability (Return on Asset), solvency (Equity Ratio), inventory efficiency (Inventory Turnover), asset efficiency (Asset Turnover), liquidity (Cash Ratio), company’s growth (Earnings before Interest and Tax growth) and company’s cash generation capability (Operating Cash Flow to Sales) to see whether these factors had any statistically significant relationship with systematic risk or beta. The study found that solvency, asset efficiency, liquidity are statistically significant determinants of beta at five percent significance level. The Inventory Turnover is statistically significant determinant of beta at ten percent significance level. None of the other variables had any statistically significant relationship with beta.
关键词：systematic risk;Beta;cement industry;Bangladesh;solvency;asset efficiency;liquidity;inventory efficiency;panel corrected standard error;correlation matrix;multicollinearity
