The Analysis of One-Way Value Migration Cover Image

Analiza jednokierunkowej migracji wartości
The Analysis of One-Way Value Migration

Author(s): Dariusz Siudak
Subject(s): Economy
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: one-way value migration; corporate value; market corporate value; value inflow; value outflow

Summary/Abstract: The paper analyzes one-way enterprise value migration at the aggregate level with respect to economic sectors and the Warsaw Stock Exchange. The aim of the paper is to operationalize one-way value migration. The author deploys analytical tools, such as the balance of value migration, the share in the balance of value migration, share in value migration turnover as well as the degree of one-way value migration, which are based on the market value added. One-way value migration entails simultaneous flow of value to/from the considered set of enterprises (i.e. constituting one economic sector). Simultaneous flow means a fluctuation in one direction only, i.e. inflow of value to the analyzed set of enterprises or outflow of value from the group of companies.

  • Issue Year: 2013
  • Issue No: 3
  • Page Range: 482-501
  • Page Count: 20
  • Language: Polish