Table 3 increase or decrease in values of financial statements’ key indicators in terms of the average between Energy, Materials, and Capital Goods industries.

From: Value-added-tax rate increases: A comparative study using difference-in-difference with an ARIMA modeling approach

Financial statements’ key indicators

Energy (%)

Materials (%)

Capital Goods (%)

TA

6

6

−1

SE

26

3

−4

TLSE

6

6

−1

TI

36

−18

2

TR

39

−27

−21

TE

−34

13

0

NI

98

−567

4865

COA

149

37

84

CIA

100

110

129

CFA

−131

34

39

CEP

44

18

−8