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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:
كلمات المؤلف المفتاحية:
EVA | MVA | WACC | NOPAT & Capital Employed
رابط المحتوى:
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LEADER 02750nam a22002537a 4500
001 1769936
024 |3 10.31559/GJEB2019.6.1.14 
041 |a eng 
044 |b الأردن 
100 |9 559755  |a Ahmad, Izhar  |e Author 
245 |a A Study of Economic Value Added "EVA" & Market Value Added "MVA" of Hindustan Petroleum Corporation Limited 
260 |b مركز رفاد للدراسات والأبحاث  |c 2019  |g فبراير 
300 |a 225 - 237 
336 |a بحوث ومقالات  |b Article 
520 |b 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. 
653 |a الشركات  |a الأداء المالي  |a البيانات المالية  |a القيمة الاقتصادية المضافة  |a القيمة السوقية المضافة  |a شركة هندوستان للبترول المحدودة  |a الهند 
692 |b EVA  |b MVA  |b WACC  |b NOPAT & Capital Employed 
773 |4 الاقتصاد  |4 إدارة الأعمال  |6 Economics  |6 Business  |c 014  |e Global Journal Of Economics & Business  |f Global journal of economics and business  |l 001  |m مج6, ع1  |o 1793  |s المجلة العالمية للاقتصاد والأعمال  |v 006  |x 2519-9285 
700 |9 533273  |a Alam, Shabbir  |e Co-Author 
700 |9 559757  |a Yameen, Mohammad  |e Co-Author 
856 |u 1793-006-001-014.pdf 
930 |d y  |p y  |q n 
995 |a EcoLink 
999 |c 1032676  |d 1032676