The Relationship Between Economic Value Added and Turnover to GDP Ratio of Automotive Industry in EU-27 Countries.

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Relationship Between Economic Value Added and Turnover to GDP Ratio of Automotive Industry in EU-27 Countries.

Popis výsledku v původním jazyce

Economic value added (EVA) is a crucial measure of a company’s financial performance. Its decomposition into individual value drivers enables understanding of the attitudes towards wealth creation applied by company management. The ratio of the turnover of automotive companies to GDP and/or GDP per capita indicates the significance of this industry for a country’s economic development and competitiveness. Our research uses selected available data from 14,289 companies in the automotive industry (NACE Rev. 2: 29 - Manufacture of motor vehicles, trailers and semi-trailers) in EU-27 countries and covers the time period from 2015 to 2018. Since there is negative correlation between profitability and turnover to GDP ratio, the EU-27 countries can be divided into several categories. The aim of the paper is to uncover the relationship between the importance of the automotive industry for the countries in question and the financial performance of local automotive companies. Subsequently, we discuss and identify the key value drivers of automotive companies in different countries.

Název v anglickém jazyce

The Relationship Between Economic Value Added and Turnover to GDP Ratio of Automotive Industry in EU-27 Countries.

Popis výsledku anglicky

Economic value added (EVA) is a crucial measure of a company’s financial performance. Its decomposition into individual value drivers enables understanding of the attitudes towards wealth creation applied by company management. The ratio of the turnover of automotive companies to GDP and/or GDP per capita indicates the significance of this industry for a country’s economic development and competitiveness. Our research uses selected available data from 14,289 companies in the automotive industry (NACE Rev. 2: 29 - Manufacture of motor vehicles, trailers and semi-trailers) in EU-27 countries and covers the time period from 2015 to 2018. Since there is negative correlation between profitability and turnover to GDP ratio, the EU-27 countries can be divided into several categories. The aim of the paper is to uncover the relationship between the importance of the automotive industry for the countries in question and the financial performance of local automotive companies. Subsequently, we discuss and identify the key value drivers of automotive companies in different countries.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

ICAI - Proceedings of the 1st International Conference on Automative Industry

ISBN

978-80-7654-016-3

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

186-196

Název nakladatele

ŠKODA AUTO Vysoká škola

Místo vydání

Mladá Boleslav, Czech Republic

Místo konání akce

Mladá Boleslav

Datum konání akce

1. 1. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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