Economic value added as an instrument of the efficiency´s evaluation in the conditions of the Czech capital market
AbstractThis paper defines economic value added as an instrument of the efficiency’s evaluation in the Czech capital market. EVA is a new evaluation criterion of efficiency in the Czech Republic and in practice it is not much applied in the Czech companies. EVA is just used for big companies. Typical representatives of these companies are companies on the Prague Stock Exchange. The intention of this paper is to evaluate companies on the Prague Stock Exchange according to the way how they embody EVA and whether these companies have a larger ROE than the costs of equity.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 12602.
Date of creation: 2008
Date of revision:
economic value added; economic profit; book profit; costs of a shareholders´s capital; profitability of a shareholders´s capital; risk free interest rate;
Find related papers by JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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