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Liczba wyników
2000 | nr 553 | 151-160
Tytuł artykułu

Mierniki kreowania dodatkowej wartości

Warianty tytułu
Creation Measurements of Surplus Value
Języki publikacji
PL
Abstrakty
Celem artykułu jest przedstawienie mierników wartości kreowanej: ekonomiczna wartość dodana- EVA, rynkowa wartość dodana MVA. Omówiono sposoby obliczania EVA i MVA oraz powiązania występujące między tymi miernikami.
EN
The authors of this paper analyse the tools employed to measure the generation of value added: Market Value Added (MVA) and Economic Value Added (EVA), as elaborated by the New York consulting firm Stern Steward & Company. Economic Value Added is defined as the difference between post-tax operating profit and the costs of total capital invested in a given enterprise, while Market Value Added constitutes the difference between the market value of an enterprise and the adjusted book value of total capital invested in an enterprise. EVA and MVA are based on economic values and take into account adjustments in book-keeping data, so as to get the most accurante approximation of results obtained in reality. In theory, EVA and MVA are more effective measuring tools than traditional tools which focus on book profits when measuring generated value. For they recognise and take into account the costs of total capital possessed by an enterprise and thus the level of risk involved in an enterprise`s operations. (original abstract)
Rocznik
Numer
Strony
151-160
Opis fizyczny
Twórcy
Bibliografia
  • Delves D. [1998], EVA for the Non-MBA, HRFOCUS, vol. 75, December.
  • Dierks P. A., Patel A. [1997], What is EVA, and How Can It Help Your Company? Management Accountancy, vol. 79, November.
  • Dodd J., Chen S. [1996], EVA: A New Panacea? Business & Economic Review, vol. 42, July-September.
  • Duliniec A. [1998], Struktura i koszt kapitału w przedsiębiorstwie, PWN, Warszawa.
  • Ehrbar A., EVA: The Real Key to Creating Wealth, www.sternstewart.com/pubs//eva_excerpt.shtml.
  • Grant J.L. [1996], Foundations of EVA(tm) for Investment Managers, "Journal of Portfolio Management", vol. 23.
  • Lehn K., Makhija A. K., [1996] EVA & MVA as Performance Measures and Signals for Strategic Chance, Strategy & Leadership, vol. 24, May/June.
  • Mayfield J. [1997], Economic value management, Management Accounting, vol. 75, September.
  • Mills R., Rowbothan S., Robertson J. [1998], Using Economic Profit in Assessing Business Performance, Management Accounting, vol. 76, November.
  • O'Hanlon J.,Peasnell K. [1996], Measure for Measure? Accountancy, vol. 117, February.
  • Stewart G. B., [1990] Announcing the Stern Stewart Performance 1,000: A New Way of Viewing Corporate America, Journal of Applied Corporate Finance, vol. 3, Summer.
  • Stewart G. B. [1994], EVA(tm): Fact and Fantasy, "Journal of Applied Corporate Finance", vol. 2, Summer.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000000008219
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