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Indicator EVA in conditions of SMEs in the Czech Republic

KUBÍČKOVÁ, Dana, Vladimír NULÍČEK and Irena JINDŘICHOVSKÁ

Basic information

Original name

Indicator EVA in conditions of SMEs in the Czech Republic

Name in Czech

Ukazatel EVA v podmínkách přechodové ekonomiky v České republice

Authors

KUBÍČKOVÁ, Dana, Vladimír NULÍČEK and Irena JINDŘICHOVSKÁ

Edition

Praha, Proceedings of the “The 12th International Days of Statistics and Economics“ (MSED), p. 949-958, 10 pp. 2017

Publisher

VŠE Praha

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50205 Accounting

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

References:

Organization unit

University of Finance and Administration

ISBN

978-80-87990-14-8

Keywords (in Czech)

Ekonomická přidaná hodnota, Náklady na kapitál, přechodová ekonomika, risk premium

Keywords in English

Economic value added; Cost of equity; SMEs; risk premium.

Tags

Změněno: 6/4/2020 12:05, Ing. Dana Kubíčková, CSc.

Abstract

ORIG CZ

V originále

This paper focuses on the indicator Economic Value Added (EVA) in Small and Medium Enterprises (SMEs) in the transitional economy of the Czech Republic. Our research question is to find the actual level of this indicator in conditions of different segments of SMEs market and to compare it with large companies. The second research question is to find whether the level of EVA differs depending on different branch of industry in which the SMEs operate. And the last question is to assess whether the level of EVA changes in relation with selected in company indicators. The research employs a set of 16,302 company data obtained from database Albertina. Our results confirmed findings of previous research works and furthermore they show that the level of EVA indicator is generally very low in the Czech Republic even in the large companies. The findings have many limitations, but the results may serve as an introductory study for the following research on company performance and decision-making.

In Czech

This paper focuses on the indicator Economic Value Added (EVA) in Small and Medium Enterprises (SMEs) in the transitional economy of the Czech Republic. Our research question is to find the actual level of this indicator in conditions of different segments of SMEs market and to compare it with large companies. The second research question is to find whether the level of EVA differs depending on different branch of industry in which the SMEs operate. And the last question is to assess whether the level of EVA changes in relation with selected in company indicators. The research employs a set of 16,302 company data obtained from database Albertina. Our results confirmed findings of previous research works and furthermore they show that the level of EVA indicator is generally very low in the Czech Republic even in the large companies. The findings have many limitations, but the results may serve as an introductory study for the following research on company performance and decision-making.