Search results for " value added"

Intellectual Capital and Company Value

2014

AbstractThe bulk of traditional corporate valuation methods reflect historical performance, while it is necessary to also take into consideration the value which is off-balance-sheet and possible growth. Large differences exist between company market and book value, and a part of this can be explained by intellectual capital. The aim of the study is to make an empirical investigation of the impact of intellectual capital on company value. Empirical results show that one can find mixed results regarding relationship between value added intellectual coefficient VAICTM and company value.

Economic Value Added – A General Review of the Concept

2017

Business organizations of the 21st century, a century driven by globalization,internationalization and speed, must compete on changing and evolving markets. One of the maingoals of every business is to create value for its shareholders, value that is generated by the properusage of existing resources. The notion that can be utilized to successfully illustrate the increase ineconomic value is the economic value added concept.. The Economic Value Added concept knownalso as EVA is an add on to value, value based management and economic value.. EVA is a methodand a tool for quantification and measurement of the value created by a business organization.

Financial literacy, value creation and firm performance. An investigation of Italian small and medium enterprises

2023

This article aims to determine the influence of entrepreneurs’ financial literacy for the growth of SMEs’ value. The paper verifies the hypothesis that there is a significant relationship between financial literacy and value creation, as indicated by economic value added (EVA®). The study analyses 162 Italian SMEs operating in the textile and clothing sector. The analysis period is between 2011 and 2013. Regression analysis and correlation analysis have been applied to test the hypotheses. The results suggest a positive and significant relationship between financial literacy and the variables that drive the value creation. Greater financial literacy allows SMEs to optimise their capital str…

Financial Management as a Tool for Achieving Stable Firm Growth

2016

Abstract The purpose of this study is to show that financial management in the firm is a tool for achieving stable firm growth and long-term firm stability while problems in firm financial management lead to the inability of firms to ensure sustainable growth of their value. This problem is relevant for firms in all countries. The main objectives of this paper are: to analyse dynamics of value of the largest Latvian firms, to determine the drivers of these dynamics and to establish the main problems slowing the growth of firm value, which are related to the drawbacks in financial management, and to provide suggestions for solving these problems. This study analyses financial management proc…

Creating Value – From Corporate Governance to Total Shareholders Return. An Overview

2016

Abstract The term “value” can be interpreted in a subjective way, depending about what we refer at. Usually the firm's value is related to the financial performance: profitability, cash flow, liquidity, solvability, etc. A corporation can create and in some cases reduce value for its stakeholders. Also, a corporation can create value for the stakeholders by simply creating jobs, paying taxes and help the population to improve their financial situation. The aim of the paper is to describe the process of value creation starting with corporate governance, continuing with stakeholders’ expectations and finishing with shareholders requests.

Public capital and productive efficiency in the Spanish regions (1964–89)

1995

The article analyses the evolution of the differences in economic conditions among Spanish regions from the perspective provided by the recent advances made in economic growth empirics. Although convergence is usually established in terms of Gross Value Added (GVA) per capita, in the case of Spain it is of special interest to break it down into three separate elements: activity rate, employment rate, and productivity of labour. Regional differences in unemployment rates, which persist for long periods of time, are identified as a force against convergence. After describing the distinction between conditional and non conditional convergence, the paper considers the role played by the product…

Industrial decline and resilience in the European Mediterranean periphery. Territorial and sectoral analysis in the region of Valencia (Spain) during…

2019

El descenso del sector industrial en la economía de la Comunitat Valenciana durante las dos últimas décadas ha sido muy acusado, ya que pasó del 25% del VAB en 1995 a menos del 17% en 2013. Este declive se explica por los cambios estructurales que tuvo que afrontar con la llegada del nuevo milenio para adaptarse a los nuevos patrones de producción y consumo propios de la globalización, que se vieron agravados por la crisis financiera de 2007. A partir de un enfoque por sectores y, a la vez, por territorios, se lleva a cabo un análisis de la evolución reciente de la industria valenciana. Se observa como el modelo predominante de esta industria sigue siendo el distrito industrial endógeno, si…

Economic Value Added (EVA), Agency Costs and Firm Performance : Theoretical Insights through the Value Based Management (VBM) Framework

2015

Work incentive and productivity in Spain

2013

Work incentives are closely related to production performance. This paper presents evidence that the value added of a firm increases when relative labor costs rise, or the level of unemployment increases. Both circumstances imply evidence in favor of the efficiency wage model. This theory is consistent with the views of many managers and personal administrators, who tend to ascribe primary importance to wage setting as an incentive to increase effort. We use a micro panel data set of Spanish manufacturing firms, during the period 2004–2009, to simultaneously estimate a stochastic frontier of a firm’s value added and the inefficiency determinants. The data source is published in the Spanish …

Andamento dei valori fondiari in Italia ed in Sicilia

2013

The present study has two aims, to provide a further contribute to the literature on land market, and to highlight the possible relationships between some macroeconomic factors affecting the land values trend in Italy and in Sicily. The data obtainable from the available information sources in the field were collected and processed. More in detail, in the first part of the paper a reference scenario is described through the presentation of the general features of agricultural land market, relying upon the specific scientific literature. Hereinafter, some time series at national and Sicilian level were built by using average agricultural land values, inflation rates and agricultural value ad…