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Refined Economic Value Added €“ An Indicator For Measuring The Performances Of The Companies

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  • Daniel Circiumaru

    (University of Craiova)

  • Marian Siminica

    (University of Craiova)

Abstract

The performances are an important objective of management and the financial analysis uses several indicators that could measure the success of an organization. But performances may have different significances for stakeholders, depending on their necessity for information. In this paper, we present an indicator for measuring the performances of the companies, the economic value added, which is of great importance for the shareholders. Starting from the classical relation of this indicator, we present too the theoretical considerations of the refined economic value added, a concept introduced by Jeffrey Bacidore. Considering these two modalities of calculating the economic value added, we carry out a comparative analysis between these variants, with an exemplification on a case study.

Suggested Citation

  • Daniel Circiumaru & Marian Siminica, 2009. "Refined Economic Value Added €“ An Indicator For Measuring The Performances Of The Companies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 5(05(534)(s), pages 204-213, May.
    • Handle: RePEc:agr:journl:v:05(534)(supplement):y:2009:i:05(534)(supplement):p:204-213
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    Cited by:

    1. Burja Vasile, 2013. "Economic Value Added And Stakeholders Interests," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 512-522, December.

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