Economic Value Added as a Measurement Tool of Capital Structure Effectiveness at the Power-Producing Enterprises

Kód výsledku v IS VaVaI

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Nalezeny alternativní kódy

RIV/00216224:14560/17:00096247

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Economic Value Added as a Measurement Tool of Capital Structure Effectiveness at the Power-Producing Enterprises

Popis výsledku v původním jazyce

This paper contributes to the investigation of Economic Value Added (EVA) measurement process and approaches of its calculation as an assessing tool of Capital Structure effectiveness. The main objects included into author’s investigation are power-producing enterprises of Ukraine and Czech Republic listed on a stock exchange market. The main aim of the research is to demonstrate the modified author’s approach to Economic Value Added calculation, which gives an opportunity to adjust interpretation of results depending on used types of capital and desired units of measure. Thus, provided approach directed on improving capital structure effectiveness at the power-producing enterprises as a part of a capital-intensive branch. Introduced approach derives from standard method or evaluation and split capital into its two constituent parts that give the advantage to measure the effectiveness of Debt and Equity separately. Moreover, author’s approach reduce the complexity of investigation due to modification of standard decomposed formula of Economic Value Added. Therefore, enterprises can easily calculate the effectiveness of committed capital and its structure using EVA measurement tool in their activities.

Název v anglickém jazyce

Economic Value Added as a Measurement Tool of Capital Structure Effectiveness at the Power-Producing Enterprises

Popis výsledku anglicky

This paper contributes to the investigation of Economic Value Added (EVA) measurement process and approaches of its calculation as an assessing tool of Capital Structure effectiveness. The main objects included into author’s investigation are power-producing enterprises of Ukraine and Czech Republic listed on a stock exchange market. The main aim of the research is to demonstrate the modified author’s approach to Economic Value Added calculation, which gives an opportunity to adjust interpretation of results depending on used types of capital and desired units of measure. Thus, provided approach directed on improving capital structure effectiveness at the power-producing enterprises as a part of a capital-intensive branch. Introduced approach derives from standard method or evaluation and split capital into its two constituent parts that give the advantage to measure the effectiveness of Debt and Equity separately. Moreover, author’s approach reduce the complexity of investigation due to modification of standard decomposed formula of Economic Value Added. Therefore, enterprises can easily calculate the effectiveness of committed capital and its structure using EVA measurement tool in their activities.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings from 8th International Scientific Conference Managing and Modelling of Financial Risks 2016

ISBN

9788024839943

ISSN

2464-6970

e-ISSN

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Počet stran výsledku

9

Strana od-do

572-580

Název nakladatele

VSB-TU OSTRAVA

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000495792700073