Valore Aggiunto Sistemico: un'alternativa all'EVA quale indice di sovraprofitto periodale

Carlo Alberto Magni

MPRA Paper from University Library of Munich, Germany

Abstract: This work presents a notion of residual income called Systemic Value Added (SVA). It is antithetic to Stewart’s (1991) EVA, though it is consistent with it in overall terms: a project’s Net Final Value (NFV) can be computed as the sum of capitalized EVAs or as the sum of uncapitalized SVAs. As a result, SVA and EVA decompose the NFV in different ways. Two numerical examples show the application of the model proposed. The two notions are the result of a different cognitive approach. The existence of possible formal translations of the residual income concept induces to regard residual income as a mere conventional notion.

Keywords: finance; management accounting; net future (present) value; residual income; excess profit; systemic approach; EVA (search for similar items in EconPapers)
JEL-codes: B41 C0 G11 G12 G31 M21 M41 (search for similar items in EconPapers)
Date: 2001-01
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Citations: View citations in EconPapers (3)

Published in Budget 25.1(2001): pp. 63-71

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https://mpra.ub.uni-muenchen.de/7763/1/MPRA_paper_7763.pdf revised version (application/pdf)

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