Problems of Efficiency of Strategy of Enterprises and Organizations of Modern Russia

2019 ◽  
Vol 6 (6) ◽  
pp. 24-27
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Crisis ◽  
Economic Activity ◽  
Economic Value ◽  
Value Added ◽  
Effective Strategy ◽  
Economic Value Added ◽  
Situation Analysis ◽  
Short Term ◽  
The Relationship ◽  
Selection Of

The relationship between the profitability of assets and the growth of production of enterprises and organizations in Russia in short-term periods is estimated. The estimates obtained indicate that, on the eve and during the economic crisis of 2014–2015, the management of most enterprises and organizations lost control over the performance of the organization, which was necessary in a market environment. Estimates of the economic value added provided by Russian enterprises and organizations in 2010–2015 show the inefficiency of their economic activity since 2013. The negative value of economic value added indicates a reduction in investment in enterprises and the organization of capital. The management of the majority of Russian enterprises and organizations has not yet mastered the approaches and methods of forming an effective strategy in changing conditions. Enterprises and organizations need constant monitoring of the environment, internal and external, and analysis of opportunities for improving efficiency. Even more important is the selection of managerial staff on the abilities of a creative approach to making management decisions based on experience and situation analysis.

scholarly journals The Influence of Economic Value Added and Return on Assets on Created Shareholders Value: A Comparative Study in Jordanian Public Industrial Firms

2017 ◽  
Vol 9 (4) ◽  
pp. 63 ◽  
Author(s):  
Sliman S. Alsoboa
Keyword(s):  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Assets ◽  
Industrial Firms ◽  
Value Added Model ◽  
Market Value Added ◽  
And Performance ◽  
The Relationship ◽  
Financial Measure

This study has two main objectives. The first one is to address the relationship between Economic Value Added (EVA) and Created Shareholders Value (CSV) in Jordanian public industrial firms (JPIF), comparing to the Return on Assets (ROA) over the period 2011-2015. The second objective is to address the possible superiority of EVA to ROA by explaining the changes in CSV for JPIF. In this study, CSV is measured using two models; Fernandez model and market value added model. Multiple and simple regressions were used in the study. These analyses have shown, generally, that the superiority of EVA in predicting and evaluating the CSV could be put into a conclusive and positive light compared to ROA. However, the results suggested that one financial measure cannot be enough to measure neither CSV nor firms’ performance. Therefore, this study highly recommends that JPIF use a combination of different measure in assessing and evaluating their value and performance, especially modern indicators.

scholarly journals A Review of the Relationship between Ownership Structure and Economic Performance Criteria in Companies Listed on Tehran Stock Exchange

2016 ◽  
Vol 8 (6) ◽  
pp. 89
Author(s):  
Ali Yaghoobi ◽  
Ehsan Khansalar
Keyword(s):  
Ownership Structure ◽  
Economic Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Performance Criteria ◽  
Economic Value Added ◽  
Cross Sectional ◽  
Independent Variables ◽  
The Relationship

<p>The aim of this study is to investigate the relationship between ownership structure and economic performance criteria of companies listed on Tehran Stock Exchange. This study is a descriptive- applied research that reviews the cross-sectional data relating to 114 listed companies between 1387-1393. Multivariate regression is used to analyze the effect of each of these factors on economic performance.</p>The results show that from three applied independent variables in the regression model, there is a significant relationship in a<strong> </strong>95% confidence level between Institutional ownership and property management and economic value added and modified economic value added but there is not any relationship between ownership concentration variable and economic performance criteria. The obtained determination coefficient for the above relationship shows that the independent variables explain only part of the economic performance, and investors need to consider other factors as well to evaluate the economic performance of the company.

scholarly journals PERBEDAAN ECONOMIC VALUE ADDED BERDASARKAN SIKLUS HIDUP PERUSAHAAN DAN PASAR

2018 ◽  
Vol 8 (2) ◽  
pp. 393
Author(s):  
Harning Priyastuty ◽  
Bambang Subroto ◽  
Wuryan Andayani
Keyword(s):  
Life Cycle ◽  
Financial Performance ◽  
Economic Value ◽  
External Environment ◽  
Value Added ◽  
Economic Value Added ◽  
Analysis Method ◽  
Strategic Risk ◽  
The Relationship ◽  
Manufacture Company

Abstract. This study aims to examime whether corporate and market life cycle situation have impact on financial performance. The situation that is experienced by company has impact on future financial performance. This matter is due to the risk that is taken by the company to confront that situation. The relationship between risk and return in this study will be explained by prospect theory. This study use the population of manufacture company listed in BEI period 2013-2015. This study use 115 sample of manufacture company. Those samples will be classified based on nine combination of corporate and market life cycle and will be tested with comparative test. The data analysis method of this study is mean rank comparative with kruskal wallis test. The result shows that corporate and market cycle have no impact on future financial performance. The result shows that there is no difference of financial performance based on corporate and market life cycle. This matter is caused by act of determine strategic risk that need a lot of another internal and external environment consideration

Relationship between EVA (Economic Value Added) and Share Prices of Select Companies in BSE-SENSEX - An Empirical Study

2015 ◽  
Vol 4 (3and4) ◽  
Author(s):  
Mathangi Aravind ◽  
K. Ramya
Keyword(s):  
Performance Metrics ◽  
Explanatory Power ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Share Prices ◽  
The World ◽  
The Impact ◽  
The Relationship

In todays competitive world, corporate companies all around the world are trying to maximize the wealth of their shareholders in order to gain market value as well as satisfy their stakeholders. With the gaining popularity of value based performance measures like Economic Value Added (EVA), Total Shareholder Return (TSR), Cash Value Added (CVA) etc., many corporate companies in India have started assessing their value in terms of these measures. This paper investigates the relationship between EVA and share prices of select companies in BSE-SENSEX for a period of six years from 2008 to 2013. The study focuses on the explanatory power of EVA with respect to share prices of the selected companies. In turn, the performance of the selected companies belonging to different sectors in BSE-SENSEX was analyzed using EVA. The volatile nature of the capital markets characterized by various speculative activities have a greater influence on share prices, eventually undermining the impact of performance metrics on them. Thus, the findings of the study enumerates that EVA does not have a considerable explanatory power on share prices.

scholarly journals A Review of the Relationship between Corporate Financial Performance and the Level of Related Party Transactions among Listed Companies on Tehran Stock Exchange

2016 ◽  
Vol 8 (7) ◽  
pp. 330
Author(s):  
Ali Basalighe ◽  
Ehsan Khansalar
Keyword(s):  
Financial Performance ◽  
Economic Performance ◽  
Business Models ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Multivariate Regression Analysis ◽  
Economic Value Added ◽  
Related Party Transactions ◽  
The Relationship

<p>The main objective of the investors to invest in stocks is to earn a profit and this is achieved by firm performance improvement. So the investors analyze various kinds of financial performance data for the different kinds of business models to determine whether some models perform better than others.</p>The<em> </em>present study aims to collect the evidences of the relationship between firm economic performance and the level of related party transactions on Tehran Stock Exchange. So far, empirical evidences are not provided to reveal a clear picture of the reasons behind the related party transactions in Iran. In the case of opportunistic behavior in transactions, it is expected that the level of related party transactions has a relationship with economic performance variables. The research data have been collected over 1387-1393 for companies listed on Tehran Stock Exchange and to test the hypotheses, multivariate regression analysis of panel data is used. The results indicate that at a 95% confidence level, the economic value added (EVA), refined economic value added (Reva) and the market value added (MVA) variables have a significant relationship with the level of related party transactions.

scholarly journals A Study on Economic Value Added and Share Price Behaviour: The Recent Analysis

2014 ◽  
pp. 115-130
Author(s):  
EMMANUEL ATTAH KUMAH
Keyword(s):  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Share Price ◽  
Coefficient Of Determination ◽  
Economic Value Added ◽  
Share Prices ◽  
Financial Variables ◽  
Almost All ◽  
The Relationship

Many companies seem to have destroyed shareholder's wealth over a period of time and only a few have positively contributed to their wealth. With the help of Economic Value Added (EVA) and Market Value Added (MVA) which tell what the institution is doing with investor's hard earned money, this research examines the relationship between the share price and other economic and financial variables such as Economic Value Added (EVA), Return on Asset (ROA) and Return on Fund (ROF). The overriding message of this paper is that the share price has direct correlation between the economic and financial variables. This analysis helps us to dig below the surface numbers to tell us more about the underlying business and whether there is a prima facie case for using EVA as one of the ranges of performance measurement tools. The relationship between EVA and other traditional measures is examined using Pearson's Coefficient of Correlation. Regression analysis has been used to examine the relationship of EVA, Earning Per Share (EPS), ROA and ROF with share price. The study found that, investing in the market is becoming more and more risky as the beta of the individual securities is increasing year by year. The increase in beta is due to increasing weighted average cost of capital; it specifies that capital is becoming more and more costly; Majority of the banks are increasing their capital to meet the increased expenses. As the market is becoming more and more risky, investors' expectations are increasing and therefore share prices of almost all the banks for almost all the years showed an increasing trend. Data analysis of 39 banks shows that: Share prices of two banks' shows high correlation of coefficient and coefficient of determination with EVA and share prices of eighteen banks' shows low correlation of coefficient and coefficient of determination with EVA. This specifies that there is no relationship between EVA and share price. Keywords: Economic Value, Financial Variables, Share Price, Behaviour and Market Value.

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