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الرئيسية > A Study of Economic Value Adde...>الوصف

A Study of Economic Value Added "EVA" & Market Value Added "MVA" of Hindustan Petroleum Corporation Limited

المصدر: المجلة العالمية للاقتصاد والأعمال
الناشر: مركز رفاد للدراسات والأبحاث
المؤلف الرئيسي: Ahmad, Izhar (Author)
مؤلفين آخرين: Alam, Shabbir (Co-Author), Yameen, Mohammad (Co-Author)
المجلد/العدد: مج6, ع1
محكمة: نعم
الدولة: الأردن
التاريخ الميلادي: 2019
الشهر: فبراير
الصفحات: 225 - 237
DOI: 10.31559/GJEB2019.6.1.14
ISSN: 2519-9285
رقم MD: 1032676
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
الشركات | الأداء المالي | البيانات المالية | القيمة الاقتصادية المضافة | القيمة السوقية المضافة | شركة هندوستان للبترول المحدودة | الهند
كلمات المؤلف المفتاحية:
EVA | MVA | WACC | NOPAT & Capital Employed
رابط المحتوى:
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المستخلص: This study shows the importance of analysis of financial performance of Public Sector Undertaking. The concept of economic value added was given by the Stern Stewart & Co. in order to measure the surplus value created by investment in 1991. EVA is a modern technique to evaluate the financial performance of an entity. MVA is the sum total of all present values of future EVAs. This study measure the impact of liquidity, profitability and solvency on Economic Value Added and Market Value Added of Hindustan Petroleum Corporation Limited. This study is based on the secondary sources of data. The financial data of fifteen years of the HPCL has been taken for an appropriate analysis and interpretation of data to get conclusion for the present study as well as to forward the suggestions for the greater interest of the stakeholders. The independent variables of the study are current ratio, liquid ratio, gross profit ratio, net profit ratio, debt-equity ratio and interest coverage ratio. On the other hand economic value added and market value added are considered as dependent variables. In this study, researcher has used simple regression analysis on SPSS. It is concluded that gross profit ratio, net profit ratio, debt equity ratio and interest coverage ratio have a statistically significant influence on economic value added except liquidity ratios. The MVA was not found satisfactory during the study period. High fluctuations were recorded in MVA.
ISSN: 2519-9285

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