Application of the Economic Value Added index in the performance evaluation of forest enterprise

Balážová, E.; Luptáková, J.

doi:10.17221/48/2015-jfs

Cited by 4 publications

(3 citation statements)

References 5 publications

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“…It mentioned that EVA could be different for individual industry or sector of the economy but was not specific to any sector of the economy. [4] pointed to the possibilities of using the Economic Value-Added index in evaluating the performance of the forest enterprise in Slovakia. Though their study worked well on EVA, comparing it to accounting profit, it focused on the forest enterprise in Slovakia.…”

Section: Knight's Theory Of Profit: Risk Uncertainty and Profitsmentioning

confidence: 99%

Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

Osho

Omankhanlen

Fasanmi

et al. 2021

Wseas Transactions on Environment and Development

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Considering the possibility of finding a gap and a room for improvement, so much have been written about liquidity and performance. Notwithstanding, the emphasis has been on profitability as a yardstick for performance and little has been done on other areas of performance measurement. The emphasis has also been more on various economic sectors with the exception of the manufacturing industry. This paper intends to look at the impact, if any, of liquidity provision and availability on Nigeria’s manufacturing firm’s performance from the perspective of Economic Value Added (EVA). Economic value-adding is beyond just profitability or liquidity. The firm's value to the stakeholders, its sustainability and long-term values are defined. The study would apply liquidity theories, profitability and the economic value-added theories as it applies to a manufacturing firm in a developing economy like Nigeria. On its methodology, the article data is obtained from the World Bank’s World Development Indicators-WDI and then a regression analysis will be run on the data using the SPSS software and then an analysis of the results of the regression. The last section of the article would conclude and make recommendations from the study outcome and the empirical analysis with respect to the theories.

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Section: Knight's Theory Of Profit: Risk Uncertainty and Profitsmentioning

confidence: 99%

Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

Osho

Omankhanlen

Fasanmi

et al. 2021

Wseas Transactions on Environment and Development

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show abstract

“…The assets need to be adjusted by items that relate to financing activities (including activities that are not necessary for its core business purpose). The task is [28]:…”

Section: Calculation Of Net Operating Assets (Noa)mentioning

confidence: 99%

“…where r d = total cost of debt; t = income tax rate; D = value of total debt; r e = total cost of equity; E = value of total equity; C = total value of the company's combined debt and equity or D+E; D/C = percentage of financing that is debt; E/C = percentage of financing that is equity. The total cost of debt (r d ) is expressed according to Equation (5) [28]:…”

Section: Calculation Of Weighted Average Cost Of Capital (Wacc)mentioning

confidence: 99%

Sustainability Assessment Using Economic Value Added

Jankalová

Kurotová

2019

Sustainability

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Sustainability assessments should be based on financial and non-financial indicators. To describe the financial situation of companies and to calculate the actual economic profit of a company, the Economic Value Added methodology appears as a suitable solution. The aim of the paper is to apply the Economic Value Added methodology to real-life corporate data and present the company’s value through a case study. This study is based on information that was gathered through an extensive literature review (research publications and research studies (documents) about sustainability, corporate social responsibility, Sustainable Value concept, and Economic Value Added (EVA) methodology; and the company’s financial statements with notes of the selected company) using Internet and research databases and the author’s own experience. Methods of analysis, comparison, selection, abstraction, induction, deduction, determination, and statistics were used. In addition to the positives, this evaluation method also has negatives, including limitations (problems) in measuring a company’s value.

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Comparing the performance of state forest enterprises in Czech and Slovak Republics with a focus on concessions

et al. 2022

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The comprehensive performance of the Lesy ČR and Lesy SR forest enterprises was evaluated three decades after the separation of the Czech and Slovak Republics. Implementation of the overarching goal of sustainable forest management was studied using the criteria and indicators approach of the theory-based 3L Model. Quantitative and qualitative data, collected from 2016 to 2019 by means of surveys (face-to-face interviews and questionnaire), document analysis and observation, show similarities and differences between two enterprises that have completely different business models: concessions (Lesy ČR) vs. management by state organisation (Lesy SR). Both enterprises focus intensely on sustaining forest stands (rooted in strong state regulation), though guaranteeing sustainability within the state forest entrusted to the Lesy ČR entails great risk. Despite growing public pressures, both enterprises have a rather weak orientation toward non-market demand. In addition, their political role is weak and no great effort is devoted to innovation (new forest goods). Furthermore, the economic performance of the enterprises studied reveals a big difference: Lesy ČR generates an incomparably high profit, not only when measured against Lesy SR but also against other European state forest enterprises.

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Application of the Economic Value Added index in the performance evaluation of forest enterprise

Cited by 4 publications

References 5 publications

Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

Sustainability Assessment Using Economic Value Added

Comparing the performance of state forest enterprises in Czech and Slovak Republics with a focus on concessions

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