MARKET-BASED MEASURES OF BUSINESS VALUE CREATION AND VALUE FOR SHAREHOLDERS. (Rynkowe miary tworzenia wartości przedsiebiorstwa i wartości dla akcjonariuszy).

• Authors: Mikolajek-Gocejna Magdalena
• Languages of publication: PL

Abstracts

EN

Measurement of value creation is not simple. The increase in shareholders value will not necessarily mean its creation, because the creation of shareholders value can be defined more or less rigorously. The article focuses attention on market metrics of value: market value added (MVA) and total shareholder return (TSR), as measures the most directly related to the concept of creation value for shareholders. It also describes a distinction between the concept of value creation and value creation for shareholders, discussing their excess forms as well.

Keywords

EN

ABNORMAL RETURN; EXCESS MVAE; EXCESS TSR; MARKET VALUE ADDED (MVA); MARKET VALUE ADDED FOR SHAREHOLDERS (MVAE); MARKET VALUE LOSS (MVL); RELATIVE TSR; TOTAL SHAREHOLDER RETURN (TSR)

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
• Journal: Finansowy Kwartalnik Internetowy e-Finanse
• Year: 2010
• Volume: Special Issue
• Pages: 46-63
• Document type: ARTICLE

Contributors

author

Mikolajek-Gocejna Magdalena

• Dr Magdalena Mikolajek - Gocejna, Katedra Zarzadzania Wartościa, Szkola Glowna Handlowa, ul. Madalinskiego 31/33, 02-544 Warszawa, Poland

Identifiers

CEJSH db identifier

10PLAAAA08954