Download or read book A Comparative Study of Economic and Market Value Added of IT Sector Companies in India written by Shipra Pruthy and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's business world shareholder's wealth maximization is very important. The survival of any company is not possible without wealth generation for its shareholders. Many companies consider equity capital as free cost of capital but this approach is not relevant in the modern business world because equity is a costlier source of finance than other sources of finance. Economic Value Added (EVA) helps to calculate the true profitability of the company by considering the cost of equity. EVA concept has been given by Stern Stewart and Co. The company has given 160 adjustments in GAAP (General Accepted Accounting Practices) rules for the calculations of true economic profit. In the study three adjustments has been taken for the calculation of economic profit. Economic value added an important performance metrics and Market Value Added (MVA) is the wealth metrics of economic value added and is positively linked with economic value added. IT sector companies have been taken under consideration for this study. In this study it has been found that Indian Oil Corporation Ltd. is the most wealth creating company and Reliance Power is the most wealth destroying company for the year 2009-2011. The reason for negative economic value added is high cost of equity.There has been a long felt realization that the traditional metrics to analyze a firm's performance neither precisely measure the extent of wealth creation nor attach much value to the cost of equity shareholders funds. Considering the need for measures that can effectively assess wealth creation, Stern Stewart & Company has developed two metrics namely Economic Value Added (EVA) and Market Value Added (MVA). The IT sector company in India has not been immune to the global economic crisis which has led to slowdown of the industrial sector. Infosys, which is an important player in the IT sector companies in India, has been facing challenging times due to the recent slow-down. The sales and profits of the company are under strain and therefore the researchers considered it appropriate to take up the company for the purpose of assessing the extent of economic and market value added by the company.

Download or read book Economic Value Added for Competitive Advantage written by Saurabh Sri and published by Cambridge Scholars Publishing. This book was released on 2019-01-15 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Value Added (EVA®) has been a much discussed concept that has assisted in the turnaround of a number of multinational enterprises across the world. It is based upon the theory of ‘economic profit’ that enables companies to capture and create wealth both for themselves and their stakeholders. The strategic decisions of performance and posturing can be grounded upon gaining competitive advantage through mapping economic profits. Existing studies on competitive advantage primarily discuss the meaning, definitions, and sources thereof. However, there are few contributions that discuss how competitive advantage can be measured specifically with respect to Indian companies. This book bridges that gap and advocates that the EVA® can be used to measure and establish the competitive advantage for Indian firms. It is based upon an in-depth study of such companies to explore the extent of use of EVA® in the top BT500 companies in India. It shows that the companies that use EVA® have a distinct competitive advantage over their competitors.

Download or read book Performance Measurement A Comparative Study of EVA and Traditional Performance Measurement Techniques written by Dr. Shivani Gupta and published by GRIN Verlag. This book was released on 2012-01-05 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2011 in the subject Business economics - Business Management, Corporate Governance, Post Graduate Government College (PGGC-46, Chandigarh), course: Commerce, language: English, abstract: Moullin defined performance measurement as, “Performance measurement is evaluating how well organizations are managed and the value they deliver for customers and other stakeholders”. According to Kelvin, ‘When you can measure what you are speaking about and express it in numbers, you know something about it’. According to Anon, ‘You cannot manage what you cannot measure’. The Economic Value Added (EVA) framework developed by the Stern Stewart & Company is gradually replacing the traditional measures of financial performance due to its robustness and its immunity from "creative accounting". Fortune magazine has called it "today's hottest financial idea and getting hotter" and management guru Peter Drucker referred to it as a measure of total factor productivity. The traditional measures for performance measurement, suffer from some serious limitations which are the main reason that these traditional methods based on earnings can’t be used as a reliable measure of performance measurement. Hence, there is the need of new approaches for the performance measurement which takes stakeholder’s perspective into consideration and shareholders wealth into consideration. EVA is a better performance measurement tool and it has been proved in the research done on 10 companies in India. EVA has been compared with traditional techniques like ROI, ROE, EPS, NVA and MVA and the results are presented. Suggestive measures have also been given at the end and reference tables are also given. The research will e beneficial for academicians and people associated with finance.

Download or read book Performance Measurement written by Shivani Gupta and published by GRIN Verlag. This book was released on 2012 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2011 in the subject Business economics - Business Management, Corporate Governance, Post Graduate Government College (PGGC-46, Chandigarh), course: Commerce, language: English, abstract: Moullin defined performance measurement as, "Performance measurement is evaluating how well organizations are managed and the value they deliver for customers and other stakeholders". According to Kelvin, 'When you can measure what you are speaking about and express it in numbers, you know something about it'. According to Anon, 'You cannot manage what you cannot measure'. The Economic Value Added (EVA) framework developed by the Stern Stewart & Company is gradually replacing the traditional measures of financial performance due to its robustness and its immunity from "creative accounting". Fortune magazine has called it "today's hottest financial idea and getting hotter" and management guru Peter Drucker referred to it as a measure of total factor productivity. The traditional measures for performance measurement, suffer from some serious limitations which are the main reason that these traditional methods based on earnings can't be used as a reliable measure of performance measurement. Hence, there is the need of new approaches for the performance measurement which takes stakeholder's perspective into consideration and shareholders wealth into consideration. EVA is a better performance measurement tool and it has been proved in the research done on 10 companies in India. EVA has been compared with traditional techniques like ROI, ROE, EPS, NVA and MVA and the results are presented. Suggestive measures have also been given at the end and reference tables are also given. The research will e beneficial for academicians and people associated with finance.

Download or read book ICBAE 2020 written by Bima Cinintya Pratama and published by European Alliance for Innovation. This book was released on 2020-10-15 with total page 1039 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2nd International Conference of Business, Accounting, and Economics (ICBAE) 2020 continued the agenda to bring together researcher, academics, experts and professionals in examining selected theme by applying multidisciplinary approaches. This conference is the second intentional conference held by Faculty of Economics and Business, Universitas Muhammadiyah Purwokerto and it is a bi-annual agenda of this faculty. In 2020, this event will be held in 5-6 August at Faculty of Economics and Business, Universitas Muhammadiyah Purwokerto. The theme of the 2nd ICBAE UMP 2020 is “Economics Strength, Entrepreneurship, and Hospitality for Infinite Creativity Towards Sustainable Development Goals (SDGs)”. It is expected that this event may offer contribution for both academics and practitioners to conduct researches related with Business, Accounting, and Economics Related Studies. Each contributed paper was refereed before being accepted for publication. The double-blind peer reviewed was used in the paper selection.

Download or read book An Empirical Study of Investment Pattern of Indian Insurance Companies A Case Study of Public and Private Insurance Companies written by Dr Manish Dadhich and published by Book Rivers. This book was released on 2022-05-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proceedings of the 27th International Symposium on Mine Planning and Equipment Selection MPES 2018 written by Eleonora Widzyk-Capehart and published by Springer. This book was released on 2019-02-21 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings book presents research papers discussing the latest developments and findings in the fields of mining, machinery, automation and environmental protection. It includes contributions from authors from over 20 countries, with backgrounds in computer science, mining engineering, technology and management, and hailing from the government, industry and academia. It is of interest to scientists, engineers, consultants and government staff who are responsible for the development and implementation of innovative approaches, techniques and technologies in the mineral industries. Covering the latest advances in fundamental research, it also appeals to academic researchers.

Download or read book Handbook of Research on Cluster Theory written by Charlie Karlsson and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karlsson has assembled a strong mix of papers that collectively provide a good sense of some of the latest research in the field. Edward Feser, Review of Regional Studies This is a book every regional scientist and spatial analyst should have on their bookshelf. Like most Handbook type publications it provides depth and breadth on the basics of the industrial clustering concept. However, unlike most of these type of collections, it goes beyond the foundation material to identify and speculate on questions that are emerging on the research frontiers such as at the intersection of cluster theory and agglomeration processes, knowledge spillovers and technology transfer not to mention the obvious link to economic development theory, policy and practice. Roger R. Stough, George Mason University, US This eclectic volume presents a host of methods to describe tendencies for the joint location of economic agents in space. And it illustrates useful applications of these concepts in diverse fields financial services, culture, tourism, and industry, to name just a few. John M. Quigley, University of California, US Clusters have increasingly dominated local and regional development policies in recent decades and the growing intellectual and political interest for clusters and clustering is the prime motivation for this Handbook. Charlie Karlsson unites leading experts to present a thorough overview of economic cluster research. Topics explored include agglomeration and cluster theory, methods for analysing clusters, clustering in different spatial contexts and clustering in service industries. Encompassing the developed economies of Europe and North America, the Handbook provides a basis for improving cluster policy formulation, interpretation and analyses. This comprehensive overview of research on economic clusters will be of interest to scholars and PhD students in (regional) economics, economic geography, regional planning and management as well as practitioners and policymakers at the national, regional and local levels involved in cluster formation and cluster management.

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Download or read book Measuring Shareholder s Value Addition Evidences From Indian Public Sector Banks written by Dr. R. K Boudhe and published by Lulu.com. This book was released on with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Innovation Economic Development and Intellectual Property in India and China written by Kung-Chung Liu and published by Springer Nature. This book was released on 2019-09-06 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyses intellectual property codification and innovation governance in the development of six key industries in India and China. These industries are reflective of the innovation and economic development of the two economies, or of vital importance to them: the IT Industry; the film industry; the pharmaceutical industry; plant varieties and food security; the automobile industry; and peer production and the sharing economy. The analysis extends beyond the domain of IP law, and includes economics and policy analysis. The overarching concern that cuts through all chapters is an inquiry into why certain industries have developed in one country and not in the other, including: the role that state innovation policy and/or IP policy played in such development; the nature of the state innovation policy/IP policy; and whether such policy has been causal, facilitating, crippling, co-relational, or simply irrelevant. The book asks what India and China can learn from each other, and whether there is any possibility of synergy. The book provides a real-life understanding of how IP laws interact with innovation and economic development in the six selected economic sectors in China and India. The reader can also draw lessons from the success or failure of these sectors.

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Download or read book India s Changing Innovation System written by National Research Council and published by National Academies Press. This book was released on 2007-07-27 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of its review of Comparative National Innovation Policies: Best Practice for the 21st Century, the Board on Science, Technology, and Economic Policy convened a major symposium in Washington to examine the policy changes that have contributed to India's enhanced innovative capacity. This major event, organized in cooperation with the Confederation of Indian Industry, was particularly timely given President Bush's March 2006 visit to India and the Joint Statement issued with the Indian government calling for strategic cooperation in innovation and the development of advanced technologies. The conference, which brought together leading figures from the public and private sectors from both India and the United States, identified accomplishments and existing challenges in the Indian innovation system and reviewed synergies and opportunities for enhanced cooperation between the Indian and U.S. innovation systems. This report on the conference contains three elements: a summary of the key symposium presentations, an introductory chapter analyzing the policy issues raised at the symposium, and a research paper providing a detailed examination of India's knowledge economy, placing it in terms of overall global trends and analyzing its challenges and opportunities.

Download or read book Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region written by Erdo?du, M. Mustafa and published by IGI Global. This book was released on 2016-01-07 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: ###############################################################################################################################################################################################################################################################

Download or read book Corporate Financial Structure And Value Of The Firm written by Dr. M.c.t. Shanmugapriya Dr. C. Vethirajan and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Oxford Handbook of Industrial Hubs and Economic Development written by Arkebe Oqubay and published by Oxford University Press. This book was released on 2020-07-23 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.

Download or read book EVA written by Al Ehrbar and published by John Wiley & Sons. This book was released on 1998-10-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: EVA ("economic value added" - wirtschaftliche Wertschöpfung) ist eine Maßeinheit zur Ermittlung des echten Finanzergebnisses eines Unternehmens und eine Strategie zur Schaffung von Unternehmens- und Aktionärsvermögen. Das EVA-Prinzip besagt, daß ein Unternehmen kein Vermögen schafft, solange es nicht in der Lage ist, Gewinne einzufahren, die höher sind als die Kapitalkosten. EVA ist auch eine Methode, die Prioritäten innerhalb eines Unternehmens so zu gewichten, daß das Hauptaugenmerk auf der Schaffung von Vermögen liegt, und zwar zum Nutzen aller. Leicht verständlich geschrieben, mit zahlreichen Fallbeispielen bekannter Firmen und einem Minimum an Gleichungen und Finanzjargon. (11/98)