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Economic value added assessment applied to the portuguese SME during the crisis period

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Detalhes bibliográficos
Resumo:Performance measurement has, over the past two decades, been a popular topic amongst academic and professional practitioners. Using a database containing the financial statements of the biggest and best 315 Portuguese SME, we assessed the economic value added by those companies for the triennium of 2008-2010. The findings indicate that globally, for the period of 2008-2010, the companies have not created value for their shareholders. Nevertheless, "Electrical Equipment" and "Commercial Services and Supplies" were the only two sectors that contributed, with a positive MVA, to this globally negative scenario. These findings may be useful for financial managers, investors and corporate finance consultants.
Autores principais:Oliveira, Catarina Gonçalves de
Assunto:Performance EVA WACC ROIC
Ano:2014
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:ISCTE
Idioma:inglês
Origem:Repositório ISCTE
Descrição
Resumo:Performance measurement has, over the past two decades, been a popular topic amongst academic and professional practitioners. Using a database containing the financial statements of the biggest and best 315 Portuguese SME, we assessed the economic value added by those companies for the triennium of 2008-2010. The findings indicate that globally, for the period of 2008-2010, the companies have not created value for their shareholders. Nevertheless, "Electrical Equipment" and "Commercial Services and Supplies" were the only two sectors that contributed, with a positive MVA, to this globally negative scenario. These findings may be useful for financial managers, investors and corporate finance consultants.