Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools

Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools

Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (R...

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Main Authors: Panigrahi, Shrikant, Yuserrie, Zainuddin, Noor Azlinna, Azizan
Format: Conference or Workshop Item
Language:English
Published: 2014
Subjects:
HG Finance
Online Access:http://umpir.ump.edu.my/id/eprint/8940/
http://umpir.ump.edu.my/id/eprint/8940/
http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf
id ump-8940
recordtype eprints
spelling ump-89402018-08-29T04:37:14Z http://umpir.ump.edu.my/id/eprint/8940/ Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan HG Finance Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (RONW), Returnon Capital Employed (ROCE) to measure the value createdby the firm. But this study utilizies economic measures like Economic Value Added (EVA) and Market Value Added (MVA) combined with the accounting measures to perform a comparative study in order to conclude the most appropriate measures for the creation of shareholder's wealth. The EVA of 28 construction companies from the total 43 construction companies listed in Bursa Malaysia were selected for the study and analyzed during the period of 2003 to 2012. Overall the results for the study found that veryfew of the construction companies were having positive EVA for the creation of Shareholder's wealth. 2014 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf Panigrahi, Shrikant and Yuserrie, Zainuddin and Noor Azlinna, Azizan (2014) Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools. In: Proceedings of the Australian Academy of Business and Social Science Conference (AABSS 2014), 25-26 August 2014 , Kuala Lumpur. pp. 1-10.. https://www.aabss.org.au/research-papers/investigating-shareholder%E2%80%99s-wealth-creation-through-economic-value-based-measurement
repository_type Digital Repository
institution_category Local University
institution Universiti Malaysia Pahang
building UMP Institutional Repository
collection Online Access
language English
topic HG Finance
spellingShingle HG Finance
Panigrahi, Shrikant
Yuserrie, Zainuddin
Noor Azlinna, Azizan
Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
description Profit maximization and increasing shareholder's wealth have been one of the most crucial concepts for the organization. The corporate manager and shareholders rely upon the traditional accounting measures like net income, Earnings per share (EPS), return on Equity (ROE), Return on Net worth (RONW), Returnon Capital Employed (ROCE) to measure the value createdby the firm. But this study utilizies economic measures like Economic Value Added (EVA) and Market Value Added (MVA) combined with the accounting measures to perform a comparative study in order to conclude the most appropriate measures for the creation of shareholder's wealth. The EVA of 28 construction companies from the total 43 construction companies listed in Bursa Malaysia were selected for the study and analyzed during the period of 2003 to 2012. Overall the results for the study found that veryfew of the construction companies were having positive EVA for the creation of Shareholder's wealth.
format Conference or Workshop Item
author Panigrahi, Shrikant
Yuserrie, Zainuddin
Noor Azlinna, Azizan
author_facet Panigrahi, Shrikant
Yuserrie, Zainuddin
Noor Azlinna, Azizan
author_sort Panigrahi, Shrikant
title Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
title_short Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
title_full Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
title_fullStr Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
title_full_unstemmed Investigating Shareholder's Wealth Creation Through Economic Value based Measurement Tools
title_sort investigating shareholder's wealth creation through economic value based measurement tools
publishDate 2014
url http://umpir.ump.edu.my/id/eprint/8940/
http://umpir.ump.edu.my/id/eprint/8940/
http://umpir.ump.edu.my/id/eprint/8940/1/fim-2014-shrikant-investigating%20shareholder%27s.pdf
first_indexed 2023-09-18T22:07:00Z
last_indexed 2023-09-18T22:07:00Z
_version_ 1777414774539157504

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