EVA AND KEY PERFORMANCE INDICATORS: THE CASE OF AUTOMOTIVE SECTOR IN PRECRISIS, CRISIS AND POST-CRISIS PERIODS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F18%3A63521082" target="_blank" >RIV/70883521:28120/18:63521082 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.14254/2071-789X.2018/11-3/5" target="_blank" >http://dx.doi.org/10.14254/2071-789X.2018/11-3/5</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14254/2071-789X.2018/11-3/5" target="_blank" >10.14254/2071-789X.2018/11-3/5</a>

Jazyk výsledku

angličtina

Název v původním jazyce

EVA AND KEY PERFORMANCE INDICATORS: THE CASE OF AUTOMOTIVE SECTOR IN PRECRISIS, CRISIS AND POST-CRISIS PERIODS

Popis výsledku v původním jazyce

The choice of a suitable measure for company&apos;s performance and identification of key performance indicators are among the most frequently discussed topics in the field of corporate management strategizing. This paper shows how the value-based measure represented by Economic Value Added (EVA) and its pyramidal breakdown could act as facilitators in revealing value drivers. The univariate sensitivity analysis and the Stochastic Frontier Analysis are employed to identify the key performance indicators. The analysis is based on the samples of original equipment manufacturers and suppliers in Czech automotive sector. The automotive industry, in general, is sensitive to the business cycle. Therefore, KPIs of the multiple EVA/Sales distinguished for the samples in the Precrisis, Crisis and Post-crisis periods are identified. The detailed sensitivity analysis reveals several differences in these periods in both samples and across companies of different sizes. Some of the results are further confirmed by the Stochastic Frontier Analysis. Besides other indicators, value added is demonstrated as the key driver with the highest positive impact and personnel cost with the highest negative impact on EVA in all periods although the magnitude of these effects is changing. Analysis of the technical efficiency scores reveals that companies in the crisis periods are more similar to each other and are closer to the best-performing companies than in other periods.

Název v anglickém jazyce

EVA AND KEY PERFORMANCE INDICATORS: THE CASE OF AUTOMOTIVE SECTOR IN PRECRISIS, CRISIS AND POST-CRISIS PERIODS

Popis výsledku anglicky

The choice of a suitable measure for company&apos;s performance and identification of key performance indicators are among the most frequently discussed topics in the field of corporate management strategizing. This paper shows how the value-based measure represented by Economic Value Added (EVA) and its pyramidal breakdown could act as facilitators in revealing value drivers. The univariate sensitivity analysis and the Stochastic Frontier Analysis are employed to identify the key performance indicators. The analysis is based on the samples of original equipment manufacturers and suppliers in Czech automotive sector. The automotive industry, in general, is sensitive to the business cycle. Therefore, KPIs of the multiple EVA/Sales distinguished for the samples in the Precrisis, Crisis and Post-crisis periods are identified. The detailed sensitivity analysis reveals several differences in these periods in both samples and across companies of different sizes. Some of the results are further confirmed by the Stochastic Frontier Analysis. Besides other indicators, value added is demonstrated as the key driver with the highest positive impact and personnel cost with the highest negative impact on EVA in all periods although the magnitude of these effects is changing. Analysis of the technical efficiency scores reveals that companies in the crisis periods are more similar to each other and are closer to the best-performing companies than in other periods.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA16-25536S" target="_blank" >GA16-25536S: Metodika tvorby modelu predikce sektorové a podnikové výkonnosti v makroekonomických souvislostech</a><br>

Návaznosti

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

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

Economics and Sociology

ISSN

2071-789X

e-ISSN

—

Svazek periodika

11

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

UA - Ukrajina

Počet stran výsledku

18

Strana od-do

78-95

Kód UT WoS článku

000445942400005

EID výsledku v databázi Scopus

2-s2.0-85054503512