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Economic Value Added - Index of Companies’ Internal Performance

Author

Listed:
  • Mariana Man

    (University of Petroşani, Romania)

  • Emilia Vasile

    („Athenaeum” University of Bucharest, Romania)

Abstract

Value added displays various opportunities for measuring and evaluating performance; it is the key element in determining certain indices that create value having a major significance within a company’s activity, either quoted or not on capital market. In case of quoted companies, value creation is the main criterion of performance evaluation by shareholders whose strategic objective is maximizing present and future profits. In order to carry out such an objective, the value created for shareholders can be measured through a system of indices that allow the determination of the value created during a financial exception or as compared with a certain reference period. The economic index Value Added (EVA) is relevant in quantifying a company’s capacity of creating value for capital suppliers.

Suggested Citation

  • Mariana Man & Emilia Vasile, 2009. "Economic Value Added - Index of Companies’ Internal Performance," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(2), pages 115-120.
    • Handle: RePEc:pet:annals:v:9:i:2:y:2009:p:115-120
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    File URL: http://upet.ro/annals/economics/pdf/2009/20090215.pdf
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    References listed on IDEAS

    as
    1. Black, Geoff, 2004. "Applied Financial Accounting and Reporting," OUP Catalogue, Oxford University Press, number 9780199264711.
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    Cited by:

    1. Cristinel Constantin, 2012. "Post-Hoc Segmentation Using Marketing Research," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(3), pages 39-48.

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