Application of the Economic Value Added index in the performance evaluation of forest enterprise

The paper aims at pointing to possibilities of using the Economic Value Added index in evaluating the forest enterprise performance. The given index ranks among the indices of fourth-generation evaluation emerging from the value-based management theory. When calculating the index, we took the financ...

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Bibliographic Details
Published inJournal of forest science (Praha) Vol. 62; no. 5; pp. 191 - 197
Main Authors Balážová, E., Luptáková, J.
Format Journal Article
LanguageEnglish
Published Czech Academy of Agricultural Sciences 31.05.2016
Subjects
cost of capital
net present value
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Summary:The paper aims at pointing to possibilities of using the Economic Value Added index in evaluating the forest enterprise performance. The given index ranks among the indices of fourth-generation evaluation emerging from the value-based management theory. When calculating the index, we took the financial statements of a chosen forest enterprise for our starting point. On the basis of the calculated results we can state that the index development in the enterprise had an increasing tendency during the period 2011-2013. Recognised values of the index were positive, i.e. the enterprise reached a positive market value for the enterprise owners.
ISSN:1212-4834
1805-935X
DOI:10.17221/48/2015-JFS