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The market value added and the return on invested capital for industrial Romanian firms

Author

Listed:
  • Dorel BERCEANU
  • Marian SIMINICA
  • Daniel CIRCIUMARU

    (University of Craiova)

Abstract

The major objective of the company management is to maximize the value of the company and the wealth of the shareholders. In order to create value, a company must post results big enough to cover the operating costs and to properly remunerate the invested capital. A major factor of influence on the company’s value should be the level of the return. In this respect, this paper emphasizes the correlation between the market value added and the return on invested capital for 17 Romanian industrial companies listed on Bucharest Stock Exchange.

Suggested Citation

  • Dorel BERCEANU & Marian SIMINICA & Daniel CIRCIUMARU, 2010. "The market value added and the return on invested capital for industrial Romanian firms," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 155-161, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:155-161
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    File URL: http://feaa.ucv.ro/FPV/011-20.pdf
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    Cited by:

    1. Mohd Waliuddin Mohd Razali & Winnie Hii Sin Sin & Janifer Anak Lunyai & Josephine Yau Tan Hwang & Irma Yazreen Md Yusoff, 2018. "Corporate Social Responsibility Disclosure and Firm Performance of Malaysian Public Listed Firms," International Business Research, Canadian Center of Science and Education, vol. 11(9), pages 86-95, September.

    More about this item

    Keywords

    market value added; return; market value; firm;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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