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Social value added (SVA) as an adaptation of economic value added (EVA) to the specificity of cultural institutions

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  • Wnuczak Paweł

    (Kozminski University)

Abstract

Purpose: The purpose of this article is to present the concept of social value added (SVA) as a tool for measuring the effectiveness of the activity of not-for-profit cultural institutions.

Suggested Citation

  • Wnuczak Paweł, 2018. "Social value added (SVA) as an adaptation of economic value added (EVA) to the specificity of cultural institutions," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(1), pages 100-120, March.
    • Handle: RePEc:vrs:jmbace:v:26:y:2018:i:1:p:100-120:n:6
    DOI: 10.7206/jmba.ce.2450-7814.221
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    References listed on IDEAS

    as
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    2. Carlsson, Fredrik & Martinsson, Peter, 2001. "Do Hypothetical and Actual Marginal Willingness to Pay Differ in Choice Experiments?: Application to the Valuation of the Environment," Journal of Environmental Economics and Management, Elsevier, vol. 41(2), pages 179-192, March.
    3. Fernández, Pablo, 2002. "EVA, Economic profit and cash value added do NOT measure shareholder value creation," IESE Research Papers D/453, IESE Business School.
    4. Waltert, Fabian & Schläpfer, Felix, 2010. "Landscape amenities and local development: A review of migration, regional economic and hedonic pricing studies," Ecological Economics, Elsevier, vol. 70(2), pages 141-152, December.
    5. Christian Koziol, 2014. "A simple correction of the WACC discount rate for default risk and bankruptcy costs," Review of Quantitative Finance and Accounting, Springer, vol. 42(4), pages 653-666, May.
    6. Paweł Mielcarz & Paweł Wnuczak, 2011. "DCF Fair Value Valuation, Excessive Assetes and Hidden Inefficiencies," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 5(4), December.
    7. Jane Bryan & Steve Hill & Max Munday & Annette Roberts, 2000. "Assessing the Role of the Arts and Cultural Industries in a Local Economy," Environment and Planning A, , vol. 32(8), pages 1391-1408, August.
    8. Fernández , Pablo, 2002. "Valuing companies by cash flow discounting: Ten methods and nine theories," IESE Research Papers D/451, IESE Business School.
    9. Wallace, James S., 1997. "Adopting residual income-based compensation plans: Do you get what you pay for?," Journal of Accounting and Economics, Elsevier, vol. 24(3), pages 275-300, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic value added (EVA); public cultural institutions; cost-benefit analysis; efficiency assessment;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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    Access and download statistics

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