Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (R...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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2014
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| Online Access: | http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf |
| _version_ | 1796990526933696512 |
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| author | Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan |
| author_facet | Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan |
| author_sort | Panigrahi, Shrikant |
| collection | UMP |
| description | Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (RONW), Returnon Capital Employed (ROCE) to measure the value createdby the firm. But this study utilizies economic measures like Economic Value Added (EVA) and Market Value Added (MVA) combined with the accounting measures to perform a comparative study in order to conclude the most appropriate measures for the creation of shareholder's wealth. The EVA of 28 construction companies from the total 43 construction companies listed in Bursa Malaysia were selected for the study and analyzed during the period of 2003 to 2012. Overall the results for the study found that veryfew of the construction companies were having positive EVA for the creation of Shareholder's wealth. |
| first_indexed | 2024-03-06T11:52:53Z |
| format | Conference or Workshop Item |
| id | UMPir8940 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T11:52:53Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | UMPir89402020-07-08T05:33:36Z http://umpir.ump.edu.my/id/eprint/8940/ Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan HG Finance Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (RONW), Returnon Capital Employed (ROCE) to measure the value createdby the firm. But this study utilizies economic measures like Economic Value Added (EVA) and Market Value Added (MVA) combined with the accounting measures to perform a comparative study in order to conclude the most appropriate measures for the creation of shareholder's wealth. The EVA of 28 construction companies from the total 43 construction companies listed in Bursa Malaysia were selected for the study and analyzed during the period of 2003 to 2012. Overall the results for the study found that veryfew of the construction companies were having positive EVA for the creation of Shareholder's wealth. 2014 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf Panigrahi, Shrikant and Yuserrie, Zainuddin and Noor Azlinna, Azizan (2014) Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools. In: Proceedings of the Australian Academy of Business and Social Science Conference (AABSS 2014) , 25-26 August 2014 , Kuala Lumpur. pp. 1-10.. ISBN 978-0-9925622-0-5 https://www.aabss.org.au/research-papers/investigating-shareholder%E2%80%99s-wealth-creation-through-economic-value-based-measurement |
| spellingShingle | HG Finance Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title | Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title_full | Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title_fullStr | Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title_full_unstemmed | Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title_short | Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools |
| title_sort | investigating shareholder s wealth creation through economic value based measurement tools |
| topic | HG Finance |
| url | http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf |
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