Economic Value Added Model: Essence and Peculiarities

Authors

  • Ирина Владиславовна Ерофейчева St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Abstract

The article is devoted to model EVA (economic value added). The essence of this model is the following: the market estimates the value of an enterprise when taking into account both the market value of assets used (invested capital) and the potential future revenues. It means that this model combines two different and even regarded as alternative ones in Russian evaluation practice approaches to business valuation: revenues approach and assets approach.

Keywords:

profit

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Author Biography

Ирина Владиславовна Ерофейчева, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

аспирантка

References

Литература на русском языке

Валдайцев С. В. Оценка бизнеса. М., 2004. С. 221.

Коупленд Т. Стоимость компании. Оценка и управление. М., 2002.

Янгель Д. Модель добавленной экономической стоимости EVA//Консультант. 2005. № 23.


References in Latin Alphabet

Lovata L., Costigan M. Empirical analysis of adopters of economic value added//Management Accounting Research. 2002. issue 13. P. 215-228.

Marshall A. Principles of Economics. Vol. 1. New York, 1890. P. 142.

Modigliani F., Miller M. The cost of capital, corporation finance, and the theory of investment//American Economic Review. 1958. Vol. 48.

Solomon E. The Theory of financial management. London, 1963.

Starovic D., Cooper S., Davis M. Maximising Shareholder Value. London, 2004. P. 5.


Translation of references in Russian into English

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Published

2006-12-29

How to Cite

Ерофейчева, И. В. (2006). Economic Value Added Model: Essence and Peculiarities. St Petersburg University Journal of Economic Studies, (4), 127–131. Retrieved from https://economicsjournal.spbu.ru/article/view/4401

Issue

No. 4 (2006)

Section

Short Scientific Reports

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.