Search results for "economic value"
showing 10 items of 15 documents
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.
AUSTRIA: Winter Tourism and Sport Retail Most Significant Sport Business Fields
2017
The Austrian sport landscape has undergone many changes within the last decades. One of the biggest changes is that the private sport sector has emerged to be nowadays a major contributor to the Austrian economy. Sport economy in Austria accounts for 4% of the total economic value added and over 333,000 people are connected to workplaces within this sector. Furthermore, the private sport sector contributes to other sectors, for example in the development of new products or materials for the aviation industry. Compared to the total value added in the Austrian sport economy, winter tourism and sport retailers act as the strongest contributors. In this article ski lift operators are presented …
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…
Drivers of Firm Performance: Exploring Quantitative and Qualitative Approaches
2017
Abstract The main purpose of this paper is to identify the drivers of firm performance by exploring both quantitative indicators - based on accounting profitability, shareholder value and economic value – and qualitative approach – based on balanced scorecard and triple bottom line. A literature review will be provided in order to obtain an optimum mix of quantitative and qualitative drivers for firm performance, on one hand, and a case study will be conducted for emphasizing the importance of both approaches, on the other hand.
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.
Il Paradigma della Città Fluida
2013
Nella recente crisi globale i poderosi flussi di capitali finanziari, sociali e relazionali che hanno alimentato la riqualificazione urbana nel corso degli ultimi quindici anni non sono più disponibili ad essere intercettati in maniera indiscriminata così come è stato possibile fino a qualche anno fa. Nell'era della crisi strutturale le città più dinamiche non sono più quelle in grado di attrarre progetti urbani iconici ed investitori spinti dal mercato immobiliare o dalla redditività delle attività ricreative, ma quelle città che, a partire dalle loro profonde e diversificate risorse culturali, saranno capaci di attuare una vera e propria “metamorfosi” per usarle come base per la creazione…
Climate change, marine policy and the valuation of Mediterranean intertidal ecosystems
2011
This commentary describes a gap in the qualitative and quantitative knowledge of the provision of benefits to humans from the intertidal ecosystems of the Mediterranean and offers a framework for quantification of the benefits provided by these systems. The identification of such benefits, understanding their spatial distribution and their subsequent quantification will be critical to the design of policy responses to future climate change, sea level rise and seawater acidification. A baseline understanding of the current state of ecosystem functions, as well as of the provision of related ecosystem services, is therefore needed. Further, researchers must strive to generate forecasts of the…
Economic values for production and functional traits in Valle del Belice dairy sheep using profit functions
2011
Abstract A deterministic static model was used to estimate the economic values (EV) of production (MY, milk yield; BW, birth weight; and ADG, average daily gain) and functional traits (ASR, adult survival rate; LSR, lamb survival rate; FE, fertility; PR, prolificacy; and LW ewe , mature weight of ewe) in Valle del Belice dairy sheep. In this study, values for the biological parameters and the production traits used in the model were taken from real data, by surveying 15 Valle del Belice farmers and reflected the production circumstances of pasture based dairy production systems. In this system feed cost accounted for 95% of total variable costs, whereas fixed costs were low and reflected tr…
The Complexity of Value and the Evaluation of Complexity: Social Use Value and Multi-criteria Analysis
2018
The “challenge of complexity” is one of the many points of convergence between the Encyclical Laudato si’ and the evolution of post-modern scientific thought. This study aims to analyze how complexity represents the essential element of the profound renewal in the scientific paradigm of the discipline of evaluation, particularly in regard to the theory of value, the categories of value, and the instruments of multi-criteria evaluation. Some contemporary theories of value propose, in fact, a complex source of value, such as surpluses of energy and of information (Ecological Economics) or as the creative and synergistic combination of three surpluses, namely energetic and non-entropic, geneal…