{"id":"https://openalex.org/W2134546009","doi":null,"title":"Can ROE be used to predict portfolio performance","display_name":"Can ROE be used to predict portfolio performance","publication_year":2012,"publication_date":"2012-06-01","ids":{"openalex":"https://openalex.org/W2134546009","mag":"2134546009"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:shc:jaresh:v:5:y:2013:i:1:p:5-20","doi":null,"is_oa":false,"landing_page_url":"http://www.jare-sh.com/downloads/abstract_jun_2013/ahsan.pdf","pdf_url":"http://www.jare-sh.com/downloads/abstract_jun_2013/ahsan.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5002197016","display_name":"Amirul Ahsan","orcid":"https://orcid.org/0000-0002-2669-7884","observed_orcids":["https://orcid.org/0000-0002-2669-7884"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Amirul Ahsan","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-2669-7884","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5002197016"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.1905,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":{"value":0.92946826,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"7","issue":"2","first_page":"132","last_page":"148"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9301999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9301999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.05299999937415123,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.013799999840557575,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/return-on-equity","display_name":"return on equity","score":1.0},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.6460000276565552},{"id":"https://openalex.org/keywords/financial-ratios","display_name":"financial ratios","score":0.7229999899864197},{"id":"https://openalex.org/keywords/value-based-management","display_name":"value-based management","score":0.5130000114440918},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.6710000038146973},{"id":"https://openalex.org/keywords/low-cost-investing","display_name":"low-cost investing","score":0.5860000252723694},{"id":"https://openalex.org/keywords/fundamental-analysis","display_name":"fundamental analysis","score":0.5419999957084656}],"concepts":[{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.7550127506256104},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5708180665969849},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.5664677619934082},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.5492467880249023},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.49744656682014465},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47773000597953796},{"id":"https://openalex.org/C124972522","wikidata":"https://www.wikidata.org/wiki/Q1303176","display_name":"Equity ratio","level":4,"score":0.4741078019142151},{"id":"https://openalex.org/C2781027943","wikidata":"https://www.wikidata.org/wiki/Q192907","display_name":"Financial statement","level":3,"score":0.473796546459198},{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.47101983428001404},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.4676501452922821},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4639887809753418},{"id":"https://openalex.org/C140060971","wikidata":"https://www.wikidata.org/wiki/Q5449753","display_name":"Financial statement analysis","level":3,"score":0.4628652036190033},{"id":"https://openalex.org/C74153512","wikidata":"https://www.wikidata.org/wiki/Q167064","display_name":"Debt-to-equity ratio","level":4,"score":0.4602324962615967},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.36767417192459106},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3177090287208557},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.27615243196487427},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.13665610551834106},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.11419427394866943},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:shc:jaresh:v:5:y:2013:i:1:p:5-20","doi":null,"is_oa":false,"landing_page_url":"http://www.jare-sh.com/downloads/abstract_jun_2013/ahsan.pdf","pdf_url":"http://www.jare-sh.com/downloads/abstract_jun_2013/ahsan.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:2134546009","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/article/shcjaresh/v_3a5_3ay_3a2013_3ai_3a1_3ap_3a5-20.htm","pdf_url":null,"source":{"id":"https://openalex.org/S2764959887","display_name":"Economics Management and Financial Markets","issn_l":"1842-3191","issn":["1842-3191","1938-212X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","erih-plus","norway-1","poland-20","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Economics Management and Financial Markets","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":38,"referenced_works":["https://openalex.org/W647893781","https://openalex.org/W1485968241","https://openalex.org/W1513938845","https://openalex.org/W1519307659","https://openalex.org/W1583227791","https://openalex.org/W1756905108","https://openalex.org/W1977426898","https://openalex.org/W1985684299","https://openalex.org/W1992563875","https://openalex.org/W1992700566","https://openalex.org/W1995136661","https://openalex.org/W1995834279","https://openalex.org/W2013794998","https://openalex.org/W2024990719","https://openalex.org/W2025879187","https://openalex.org/W2029056003","https://openalex.org/W2043464706","https://openalex.org/W2045403630","https://openalex.org/W2049582966","https://openalex.org/W2057227025","https://openalex.org/W2084050624","https://openalex.org/W2086522202","https://openalex.org/W2101755808","https://openalex.org/W2104964789","https://openalex.org/W2107638290","https://openalex.org/W2116347131","https://openalex.org/W2125520394","https://openalex.org/W2136120210","https://openalex.org/W2141673418","https://openalex.org/W2142856961","https://openalex.org/W2149170345","https://openalex.org/W2166215547","https://openalex.org/W2172307071","https://openalex.org/W3124114405","https://openalex.org/W3124154869","https://openalex.org/W3124687922","https://openalex.org/W3124831280","https://openalex.org/W3143995862"],"related_works":["https://openalex.org/W7071008975","https://openalex.org/W2241733388","https://openalex.org/W2543558647","https://openalex.org/W3125930183","https://openalex.org/W2559832737","https://openalex.org/W3215376658","https://openalex.org/W3198399706","https://openalex.org/W1606996055","https://openalex.org/W2998870922","https://openalex.org/W7042279417"],"abstract_inverted_index":{"Return":[0],"on":[1,62,84],"equity":[2,11],"(ROE)":[3],"is":[4,14,108],"a":[5,15,24,63],"closely":[6],"watched":[7],"financial":[8,32,66,106],"ratio":[9],"among":[10],"investors.":[12],"It":[13],"strong":[16],"measure":[17],"of":[18,23],"how":[19],"well":[20],"the":[21,102],"management":[22],"firm":[25],"creates":[26],"value":[27],"for":[28,34],"its":[29],"shareholders.":[30],"Different":[31],"ratios,":[33],"instance,":[35],"Price-to-Book,":[36],"Price-to-Earnings,":[37],"Price-to-Sales,":[38],"Debt-to-Equity,":[39],"have":[40],"been":[41],"used":[42],"to":[43,51],"predict":[44,52],"security":[45],"performance.":[46],"This":[47,94],"study,":[48],"using":[49],"ROE":[50,86],"portfolio":[53],"performance,":[54],"found":[55],"that":[56],"investors":[57],"can":[58],"create":[59],"portfolios":[60,82],"based":[61,83],"simple":[64],"historical":[65],"ratio,":[67],"i.e.,":[68],"ROE,":[69],"which":[70],"will":[71],"produce":[72],"positive":[73,91],"abnormal":[74,92],"return":[75],"without":[76],"extensive":[77],"cumbersome":[78],"fundamental":[79],"research.":[80],"However,":[81],"higher":[85,90],"do":[87],"not":[88,109],"guarantee":[89],"return.":[93],"particular":[95],"strategy":[96],"could":[97],"be":[98],"very":[99],"cost-effective":[100],"in":[101],"emerging":[103],"markets":[104],"where":[105],"data":[107],"readily":[110],"accessible.":[111]},"counts_by_year":[{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}