Indicator EVA in conditions of SMEs in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F18%3A%230000408" target="_blank" >RIV/04274644:_____/18:#0000408 - isvavai.cz</a>

Výsledek na webu

<a href="https://msed.vse.cz/msed_2018/article/145-Kubickova-Dana-paper.pdf" target="_blank" >https://msed.vse.cz/msed_2018/article/145-Kubickova-Dana-paper.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Indicator EVA in conditions of SMEs in the Czech Republic

Popis výsledku v původním jazyce

This paper focuses on the indicator Economic Value Added (EVA) in Small and Medium Enterprises (SMEs) in the transitional economy of the Czech Republic. EVA has been in the use on capital markets and in-company managerial calculations since the 1980s. Our research question is to find the actual level of this indicator in conditions of different segments of SMEs market (cross-industry comparison) and furthermore provide comparison of SMEs with large companies. The second research question is to find whether the level of EVA differs depending on the branch of industry in which the SMEs operate. And the last question is to assess whether the level of EVA changes in correlation with selected in company indicators. The research employs a set of 16,302 company data obtained from Albertina database. The preliminary results confirmed the findings of previous research and furthermore they show that the level of EVA indicator is generally very low in the Czech Republic even in the large companies. The findings are limited by many factors stemming from the nature of general economic environment, however, they can contribute to the general overview of the capital employed in the Czech Republic as the transitional economy. The results may serve as an introductory study for the following research on company decision-making. From the standpoint of comparison of EVA has certain shortcoming namely from the point of view that EVA (Economic Value Added) is essentially an absolute value expressed in currency units. For intra-industry comparison we would like to use some comparative value - a ratio similar to ROE or ROA. In our research we attempt to calculate similar measures and use them for comparison.

Název v anglickém jazyce

Indicator EVA in conditions of SMEs in the Czech Republic

Popis výsledku anglicky

This paper focuses on the indicator Economic Value Added (EVA) in Small and Medium Enterprises (SMEs) in the transitional economy of the Czech Republic. EVA has been in the use on capital markets and in-company managerial calculations since the 1980s. Our research question is to find the actual level of this indicator in conditions of different segments of SMEs market (cross-industry comparison) and furthermore provide comparison of SMEs with large companies. The second research question is to find whether the level of EVA differs depending on the branch of industry in which the SMEs operate. And the last question is to assess whether the level of EVA changes in correlation with selected in company indicators. The research employs a set of 16,302 company data obtained from Albertina database. The preliminary results confirmed the findings of previous research and furthermore they show that the level of EVA indicator is generally very low in the Czech Republic even in the large companies. The findings are limited by many factors stemming from the nature of general economic environment, however, they can contribute to the general overview of the capital employed in the Czech Republic as the transitional economy. The results may serve as an introductory study for the following research on company decision-making. From the standpoint of comparison of EVA has certain shortcoming namely from the point of view that EVA (Economic Value Added) is essentially an absolute value expressed in currency units. For intra-industry comparison we would like to use some comparative value - a ratio similar to ROE or ROA. In our research we attempt to calculate similar measures and use them for comparison.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the “The 12th International Days of Statistics and Economics“

ISBN

9788087990148

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

949-958

Název nakladatele

L. Mackáková, Melandrium (University of Economics, Prague)

Místo vydání

Prague

Místo konání akce

Praha

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000455809400095