Measuring a company's performance: The identification of correlation between EVA and selected financial indicators with use of genetic algorithm

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F13%3A43869900" target="_blank" >RIV/70883521:28120/13:43869900 - isvavai.cz</a>

Result on the web

<a href="http://wseas.org/cms.action?id=6931" target="_blank" >http://wseas.org/cms.action?id=6931</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Measuring a company's performance: The identification of correlation between EVA and selected financial indicators with use of genetic algorithm

Original language description

This paper deals with topic of measuring company's performance using different concepts, tools and indicators. It defines the requirements on a concept or an indicator to reflect the real performance of a company, comparing value-based concepts and the traditional financial analysis indicators. The authors demonstrate their results of a survey on an extensive sample of companies in the Czech Republic, and conclude that the use of traditional financial indicators hugely prevails, despite the value basedindicators demonstrate much stronger connection to the market value of companies. The authors inquire into a question whether some relationship between the value of selected value-based concept of Economic Value Added (EVA) and the selected indicators oftraditional financial analysis may be found using genetic algorithms for clustering into different groups of performance. They show that, to a certain degree of probability, this relationship may be proved with selected parameters.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

<a href="/en/project/GA402%2F09%2F1739" target="_blank" >GA402/09/1739: The creation of model for measurement and management of company performance</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

WSEAS Transactions on Business and Economics

ISSN

1109-9526

e-ISSN

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Volume of the periodical

10

Issue of the periodical within the volume

3

Country of publishing house

GR - GREECE

Number of pages

9

Pages from-to

259-267

UT code for WoS article

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EID of the result in the Scopus database

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