Identification of Industrial-Enterprise-Value Drivers in the Czech Republic
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F12%3APU100537" target="_blank" >RIV/00216305:26510/12:PU100537 - isvavai.cz</a>
Výsledek na webu
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DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Identification of Industrial-Enterprise-Value Drivers in the Czech Republic
Popis výsledku v původním jazyce
In line with the current thinking, we define value drivers as all factors that influence the performance of a company and its value. Woodcock defines value drivers as all internal and external mechanisms capable of exerting a creative or a destructive influence on a company. Similarly, Rappaport, Copeland, Koller, Murrin and Scarlet describe value drivers as any variable affecting the value of a company. By identifying these value drivers, the owners and managers, as well as educational institutions and government administration agencies, are able to focus on those factors that stimulate economic development of industrial companies and the entire society, while increasing their competitive potential. The intent of this article is to identify those quantitative value drivers that affect performance of industrial companies in the Czech Republic. The parameters used to measure company performance were the return on equity (ROE) and the return on assets (ROA). An analysis of the two aggregate performance indicators, i.e. ROE and ROA simulates, in a simplified manner, the differences between the shareholder and the stakeholder interests in managing a company. The principle method in the study was a gradient boosting method introduced by Friedman (1999). In their identification of potential value drivers, the authors reviewed research studies from the period of 1966-2010 and tested 44 financial indicators. The results of their analysis will help assess the differences in vested interests between the shareholders and the stakeholders that may cause a conflict between them.
Název v anglickém jazyce
Identification of Industrial-Enterprise-Value Drivers in the Czech Republic
Popis výsledku anglicky
In line with the current thinking, we define value drivers as all factors that influence the performance of a company and its value. Woodcock defines value drivers as all internal and external mechanisms capable of exerting a creative or a destructive influence on a company. Similarly, Rappaport, Copeland, Koller, Murrin and Scarlet describe value drivers as any variable affecting the value of a company. By identifying these value drivers, the owners and managers, as well as educational institutions and government administration agencies, are able to focus on those factors that stimulate economic development of industrial companies and the entire society, while increasing their competitive potential. The intent of this article is to identify those quantitative value drivers that affect performance of industrial companies in the Czech Republic. The parameters used to measure company performance were the return on equity (ROE) and the return on assets (ROA). An analysis of the two aggregate performance indicators, i.e. ROE and ROA simulates, in a simplified manner, the differences between the shareholder and the stakeholder interests in managing a company. The principle method in the study was a gradient boosting method introduced by Friedman (1999). In their identification of potential value drivers, the authors reviewed research studies from the period of 1966-2010 and tested 44 financial indicators. The results of their analysis will help assess the differences in vested interests between the shareholders and the stakeholders that may cause a conflict between them.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
AE - Řízení, správa a administrativa
OECD FORD obor
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Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2012
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Congress Proceedings
ISBN
978-80-87294-33-8
ISSN
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e-ISSN
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Počet stran výsledku
6
Strana od-do
38-38
Název nakladatele
Neuveden
Místo vydání
Ostrava
Místo konání akce
Jeseník
Datum konání akce
7. 11. 2012
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
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