Market-based measures of business value creation and value for shareholders
Market-based measures of business value creation and value for shareholders
Author(s): Magdalena Mikołajek-GocejnaSubject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Keywords: market value added (MVA); market value added for shareholders (MVAE); excess MVAE; market value loss (MVL);
Summary/Abstract: Measurement of value creation is not simple. The increase in shareholder value will not necessarily mean its creation, because the creation of shareholder value can be defined more or less rigorously. The article focuses attention on market metrics of value: market value added (MVA) and total shareholder return (TSR), as measures most directly related to the concept of creation of value for shareholders. It also describes a distinction between the concept of value creation and value creation for shareholders, discussing their excess forms as well.
Journal: Financial Internet Quarterly
- Issue Year: 6/2010
- Issue No: Sp. Iss.
- Page Range: 41-56
- Page Count: 16
- Language: English
