Economic value added: The best indicator for measuring value creation or just an illusion?

نویسندگان

چکیده

Value creation has become a very important concept in finance. To this end, value metrics, like market added and economic have raised the question of their superiority ability to reflect true organizations, as opposed classic accounting indicators ROE, ROA EPS. Nevertheless, EVA can only be calculated for listed companies, which makes it difficult use indicator measure non-listed companies. In way, some alternatives been used such beta calculate return on equity subsequently determination EVA. Within framework, central point research is empirically verify idea that normal using are better than traditional explain MVA. A panel 32 companies traded Casablanca Stock Exchange over period 2015–2019 was selected study. The regression method data used. results show superior metric classical addition, from could adapted case unlisted creation.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Application of Economic Value Added in Banking Sector of Iran

Economic Value Added, or EVA is one of the popular tools that bankers can use to measure the financial performance of their bank. EVA helps management to conduct internal goal-setting. The long-term goal is preferred than short-term implications. It measures the company’s financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, ad...

متن کامل

The Added Value of Value Added Tax

Raising domestic tax revenues is a priority for most sub-Saharan African countries. But the tax bases in most African countries are undermined by widespread tax avoidance and evasion. A new study from CMI supports the claim that improved knowledge about the tax system makes a difference in people’s willingness to pay tax. The study shows that exposure to Value-AddedTax (VAT) makes people take a...

متن کامل

Enterprise-Wide Risk Management (EWRM) as a Value Added Tool in Enhancing the Economic Value of Business Enterprises

In recent years, Risk Management in respect of Enterprise-Wide Risk Management (EWRM) has become more important and highly critical to major corporations worldwide including Malaysia. In fact, it is interesting to note that when the Government of Malaysia passed the Code of Corporate Governance in the year 2000, most of the Public Limited Companies (PLCs) in Malaysia was struggling to implement...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Investment management & financial innovations

سال: 2023

ISSN: ['1810-4967', '1812-9358', '1813-4998']

DOI: https://doi.org/10.21511/imfi.20(1).2023.13