Creating corporate value for shareholders in listed companies of real estate sector Cover Image

Kreowanie wartości dla akcjonariuszy w spółkach giełdowych sektora nieruchomości
Creating corporate value for shareholders in listed companies of real estate sector

Author(s): Jarosław Kaczmarek
Subject(s): Economy, Financial Markets, Accounting - Business Administration
Published by: Fundacja Uniwersytetu Ekonomicznego w Krakowie
Keywords: creation of value;added value;real estate sector

Summary/Abstract: Creating corporate value for shareholders in listed companies of real estate sectorAssessment in the creation of corporate value for owners is the basic topic of consideration in this article. It focus on the application of external and internal measures – market and economic added value. The objective of the article is to indicate the ways of increasing the field of perception of measures for creating values by introducing the concept of superior size, as well as relativization. The discussion in the theoretical and methodical realm makes use of the connection between measurements applied for creating company added value (both economic and market one) relative to company market value. The formulated concept was utilised in the empiricall reasearch conducted on a group of listed companies from the real estate sector (developers). The findings of medium–term assessment have allowed for a confirmation of the hypothesis concerning the significant correlation between changes in superior market added value and changes in company capitalisation.

  • Issue Year: 2014
  • Issue No: 88
  • Page Range: 5-12
  • Page Count: 7
  • Language: Polish