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2010 | 6 | 3 | 94-97
Article title

Economic value added as a modern performance indicator

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The qualitative information support presents a step further in the business process. Many traditional indicators of performance that have been used by the companies could not provide such support. Economic value added as an innovative approach to the measurement of business performance gives us a more realistic overview about the current state of the company. Taking into account the cost of equity and the possibility of execution of numerous accounting modifications represent significant innovations regarding to other concepts. The aim of this paper is to show practical examples of the extent to which traditional assessment of the company success may differ from the business overviewed from the perspective of economic value added.
Year
Volume
6
Issue
3
Pages
94-97
Physical description
Contributors
author
  • Higher School of Professional Business Studies, University of Novi Sad, Serbia
  • Prague Development Center s.r.o., Bořivojova 1081 / 40, 130 00, Prague 3 - Žižkov, Czech Republic
References
  • Anastassis, C., Kyriazis, D., 2007. “The validity of the economic value added approach: An empirical application”, European Financial Management, Vol.13, No1, pp.71-100
  • Brigham, F., Daves, P., 2009. Study guide for Brigham/Daves' intermediate financial management, 10th, Mason: South Western Educational Publishing
  • Costigan, L., Lovata, L., 2002. “Empirical analysis adopters of economic value added”, Management Accounting Research, Vol. 13, No2, pp.215-28
  • Charreaux, G., Desbriėres, P., 2001. “Corporate governance: Stakeholder value versus shareholder value, Journal of Management and Covernance”, Vol. 5, Issue 2, pp.107-28
  • Desiraju, V., 2007. “Economic value added and other accounting performance indicators: An empirical analysis of Indian companies”, The ICFAI Journal of Accounting Research, Vol. 6, No2, pp.7-20
  • Ferguson, R., Rentzler, J., 2006. “Trading strategy on EVA and MVA: Are they reliable indicators of future stock performance? “, The Journal of Investing, Vol.15, pp.88-94
  • Figge, F., 2005. “Value-based environmental management. From environmental shareholder value to environmental option value”, Corporate Social Responsibility and Environmental Managament, Vol.20, Issue 1, pp.19-31
  • Grant, J., 2002. Foundations of economic value added, 2nd Edition, U.S.: John Wiley & Sons, Inc.
  • Mandeep, K., Sweety, N., 2008. “Economic value added reporting and corporate performance: A study of Satyam Computer Services Ltd. “, The ICFAI Journal of Accounting Research, Vol.12, No2, pp.40-52
  • O'Hanlon, J., Peasnell, K., 2002. “Residual income and value-creation: The missing link”, Review of Accounting Studies, Vol.7, No2-3, pp.229-45
  • Pettit, J., Dower, J., Pichler, K., Perez, J., 2001. “EVA & corporate portfolio strategy”, Stern Stewart Research, Vol.3, No2, 1-8
  • Stewart, G., 1991. The Quest for Value, New York: HarperCollins
  • Young, S., Byrne S., 2001. Eva and value-based management: A practical guide to implementation, New York: McGraw-Hill
Document Type
Publication order reference
YADDA identifier
bwmeta1.element.cejsh-2bfe5ba4-7aa2-40a0-b0fa-22d93d58648a
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