Economic value added and corporate firm value implications

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dc.authorid0000-0002-3893-4015
dc.authorid0000-0002-3893-4015en_US
dc.contributor.authorTeker, Dileken_US
dc.contributor.authorAlp, Elçin Aykaçen_US
dc.date.accessioned2023-01-25T01:44:04Z
dc.date.available2023-01-25T01:44:04Z
dc.date.issued2018-12-30
dc.departmentIşık Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.departmentIşık University, Faculty of Economics and Administrative Sciences, Department of Managementen_US
dc.description.abstractPurpose - Recent studies focus on the corporate firm value and relation with financial parameters. This study reveals the interaction between economic value added on corporate firm value and specific financial parameters such as P/E, WACC, ROE and ROIC. This analysis focuses primarily on how corporate value is effected by the other variables and the duration that this influence leads. Methodology – The quarterly data is derived for public banks in Turkish markets for the period 2006Q1-2018Q3. In the light of the data obtained, PE, ROE, ROIC, WACC and WACCEVA values calculated for seven public banks. Each financial indicator was analyzed in terms of trend and it was decided that the existing deterministic components should be eliminated in order not to affect the analysis result. Findings- The summarized results indicate different occasions for each stock such as economic value added has significant effect on firm value for couple of the firms and WACC and EVA variables have one period lagged effect for all stocks. Conclusion- We indicate that firm value is effected from financial measures and further analysis should focus on investor buy/sell behaviors in time lags.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationTeker, D. & Alp, E. A. (2018). Economic value added and corporate firm value implications. PressAcademia Procedia, 8(1), 76-79. doi:10.17261/Pressacademia.2018.985en_US
dc.identifier.endpage79
dc.identifier.issn2459-0762en_US
dc.identifier.issue1
dc.identifier.startpage76
dc.identifier.urihttps://hdl.handle.net/11729/5291
dc.identifier.urihttp://dx.doi.org/10.17261/Pressacademia.2018.985
dc.identifier.volume8
dc.institutionauthorTeker, Dileken_US
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherPressAcademiaen_US
dc.relation.ispartofPressAcademia Procediaen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCorporate firm valueen_US
dc.subjectUnit root testsen_US
dc.subjectVAR modelsen_US
dc.titleEconomic value added and corporate firm value implicationsen_US
dc.typeArticleen_US

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