Economic value added as an instrument of the efficiency´s evaluation in the conditions of the Czech capital market

Petra Růčková

MPRA Paper from University Library of Munich, Germany

Abstract: This paper defines economic value added as an instrument of the efficiency’s evaluation in the Czech capital market. EVA is a new evaluation criterion of efficiency in the Czech Republic and in practice it is not much applied in the Czech companies. EVA is just used for big companies. Typical representatives of these companies are companies on the Prague Stock Exchange. The intention of this paper is to evaluate companies on the Prague Stock Exchange according to the way how they embody EVA and whether these companies have a larger ROE than the costs of equity.

Keywords: economic value added; economic profit; book profit; costs of a shareholders´s capital; profitability of a shareholders´s capital; risk free interest rate (search for similar items in EconPapers)
JEL-codes: G31 G32 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12602

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