THE EVOLUTION OF ADDED VALUE CREATED BY THE MAIN ROMANIAN COMPANIES FROM OIL AND RETAIL TRADE INDUSTRIES

Iulia Oana Stefan
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Iulia Oana Stefan: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 2, issue 42, 17-26

Abstract: In a period of time in which companies still experience the effects of the financial crisis and are hardly recovering their position held prior to it, it is important for an investor (and for the company itself) to determine to which extent these are capable, along with a satisfactory profitability, to also bring added value to their shareholders. In this respect, I see as opportune the fulfilment of a study in which there are analysed, both in comparison and in dynamics, the main indicators which point out the added value created by the main romanian companies from the oil and retail trade industries, listed on Bucharest Stock Exchange.Thus, the study aims to determine, by analysing indicators like Economic Value Added, Market Value Added, Cash-Flow Return on Investment, Cash Value Added or Total Shareholder Return, which of the targeted companies have increased their value in the recent period of time.

Keywords: added value; financial crisis; indicators; financial analysis; dividend policy (search for similar items in EconPapers)
JEL-codes: G01 G32 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2014:i:42:p:17-26

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