ZAHRNUTIE VÁH A ICH NEISTOTY DO KVANTIFIKÁCIE V RÁMCI PYRAMIDÁLNEHO ROZKLADU FINANČNÉHO UKAZOVATEĽA

• Authors: Martin Boďa , Vladimír Úradníček

Title variants

EN

Inclusion of weights and their uncertainty into quantification within a pyramid decomposition of a financial indicator

• Languages of publication: SK

Abstracts

EN

The paper elaborates a methodology how to include weights of subjective significance into a pyramid decomposition of a financial indicator accounting for additive and multiplicative relationships possible amongst partial factors making up the decomposition. The proposed methodology also encompasses a Monte Carlo simulation based procedure for stochastic assessment of uncertainty associated with a particular choice of weights. The paper comments as to how this procedure may be applied in practice of financial corporate analysis and demonstrates its usability in a case study which considers a pyramid decomposition of the Economic Value Added financial indicator.

Keywords

EN

PYRAMID DECOMPOSITION; WEIGHTS; QUANTIFICATION; UNCERTAINTY ASSESSMENT; ECONOMIC VALUE ADDED; FINANCIAL INDICATORS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2016
• Volume: 64
• Issue: 1
• Pages: 70 – 92

Contributors

author

Martin Boďa

• Univerzita Mateja Bela v Banskej Bystrici, Ekonomická fakulta, Katedra kvantitatívnych metód a informačných systémov, Tajovského 10, 975 90 Banská Bystrica, Slovak Republic

author

Vladimír Úradníček