"EVA measure and ability of the firm to create shareholder wealth"@en . . . "P\u0159\u00EDsp\u011Bvek se v\u011Bnuje mo\u017Enostem pou\u017E\u00EDv\u00E1n\u00ED ukazatele EVA v podm\u00EDnk\u00E1ch \u010Desk\u00E9ho potravin\u00E1\u0159sk\u00E9ho pr\u016Fmyslu. Stoupenci ukazatele EVA mu ve srovn\u00E1n\u00ED s tradi\u010Dn\u00EDmi v\u00FDkonnostn\u00EDmi ukazateli p\u0159isuzuj\u00ED ur\u010Ditou nad\u0159azenost, p\u0159\u00EDsp\u011Bvek se proto sna\u017E\u00ED nab\u00EDdnout nez\u00E1vislou empirickou studii kvalit tohoto ukazatele. C\u00EDlem p\u0159\u00EDsp\u011Bvku je prozkoumat vztah mezi EVA, tradi\u010Dn\u00EDmi v\u00FDkonnostn\u00EDmi ukazateli (ROA a ROE) a schopnost\u00ED firmy tvo\u0159it akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED v podm\u00EDnk\u00E1ch \u010Desk\u00E9ho potravin\u00E1\u0159sk\u00E9ho pr\u016Fmyslu. Postup p\u0159i komparaci je obdobn\u00FD jako u \u0159ady v \u010Dl\u00E1nku citovan\u00FDch zahrani\u010Dn\u00EDch studi\u00ED. Kritick\u00FDm m\u00EDstem aplikace v \u010Desk\u00FDch podm\u00EDnk\u00E1ch je ov\u0161em absence informac\u00ED, kter\u00E9 jsou produkov\u00E1ny rozs\u00E1hl\u00FDm a dob\u0159e funguj\u00EDc\u00EDm kapit\u00E1lov\u00FDm trhem a kter\u00E9 z\u00E1rove\u0148 slou\u017E\u00ED jako objektivn\u00ED krit\u00E9rium pro vyhodnocen\u00ED kvality zkouman\u00FDch ukazatel\u016F. V tomto p\u0159\u00EDsp\u011Bvku je vyvinuto srovn\u00E1vac\u00ED krit\u00E9rium pro posouzen\u00ED vypov\u00EDdac\u00ED schopnosti v\u00FDkonnostn\u00EDch ukazatel\u016F vhodn\u00E9 pro pou\u017Eit\u00ED v podm\u00EDnk\u00E1ch \u010Desk\u00E9 ekonomiky a uk\u00E1z\u00E1n tak zp\u016Fsob, jak obej\u00EDt handicap disponibiln\u00ED datov\u00E9 z\u00E1kladny. Prost\u0159edkem k napln\u011Bn\u00ED c\u00EDle je testov\u00E1n\u00ED hypot\u00E9zy, \u017Ee ukazatel je v\u00EDce korelov\u00E1n s tvorbou akcion\u00E1\u0159sk\u00E9 hodnoty ne\u017E tradi\u010Dn\u00ED v\u00FDkonnostn\u00ED ukazatele ROA a ROE. V\u00FDsledky modelu jednoduch\u00E9 line\u00E1rn\u00ED regrese poukazuj\u00ED na kvalitn\u011Bj\u0161\u00ED informa\u010Dn\u00ED obsah ukazatele EVA z hlediska jeho p\u0159\u00EDnosu k vysv\u011Btlov\u00E1n\u00ED schopnosti tvorby akcion\u00E1\u0159sk\u00E9ho bohatstv\u00ED. Tato skute\u010Dnost je v souladu s testovanou hypot\u00E9zou i z\u00E1v\u011Bry teorie firemn\u00EDch financ\u00ED, kter\u00E1 pova\u017Euje EVA za komplexn\u011Bj\u0161\u00ED ukazatel v\u00FDkonnosti firmy pro jej\u00ED vlastn\u00EDky."@cs . "Chmel\u00EDkov\u00E1, Gabriela" . "10"^^ . . "6" . "Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis" . . . . "Ukazatel ekonomick\u00E1 p\u0159idan\u00E1 hodnota (EVA) a schopnost firmy vytv\u00E1\u0159et akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED"@cs . . "1"^^ . . "1"^^ . "456389" . . "Ukazatel ekonomick\u00E1 p\u0159idan\u00E1 hodnota (EVA) a schopnost firmy vytv\u00E1\u0159et akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED" . "EVA measure and ability of the firm to create shareholder wealth"@en . . "LV" . "This paper is devoted to the possibilities of Economic Value Added index usage in the conditions of Czech food-processing industry and is trying to provide independent empirical evidence on the indicator's qualities. The EVA proponents attach to it a superiority compared to other common performance measures. The aim of this article is to investigate the relationship between Economic Value Added, traditional performance measures (ROA and ROE) and ability of creation of shareholder wealth for food-processing firms in the Czech Republic. The way of intended comparison is not dissimilar to the main world studies, which are quoted in this paper. A critical point of the EVA's application in the conditions of Czech economy is a lack of good quality information from capital market, which at the same time, serve as an exogenous criterion for assessing the quality of the examined measures in the mentioned studies. In the absence of quality capital market information, a criterion for assessing the information content of performance measures suitable for conditions of Czech economy is developed in this paper. This also shows how to circumvent the handicap of the available data. The intent of this article is fulfilled by providing a simple regression test of the hypothesis, that the EVA measure is more associated with improved shareholder wealth than traditional performance measures ROA and ROE. The results of regression analysis show higher quality information content of EVA indicator in the relationship to the ability of shareholder wealth creation than traditional performance measures. This fact supports the tested hypothesis as well as the conclusions of corporate finance theory, that from the theoretical point of view EVA is seen as a superior performance metric."@en . . "P(GP402/06/P206)" . "P\u0159\u00EDsp\u011Bvek se v\u011Bnuje mo\u017Enostem pou\u017E\u00EDv\u00E1n\u00ED ukazatele EVA v podm\u00EDnk\u00E1ch \u010Desk\u00E9ho potravin\u00E1\u0159sk\u00E9ho pr\u016Fmyslu. Stoupenci ukazatele EVA mu ve srovn\u00E1n\u00ED s tradi\u010Dn\u00EDmi v\u00FDkonnostn\u00EDmi ukazateli p\u0159isuzuj\u00ED ur\u010Ditou nad\u0159azenost, p\u0159\u00EDsp\u011Bvek se proto sna\u017E\u00ED nab\u00EDdnout nez\u00E1vislou empirickou studii kvalit tohoto ukazatele. C\u00EDlem p\u0159\u00EDsp\u011Bvku je prozkoumat vztah mezi EVA, tradi\u010Dn\u00EDmi v\u00FDkonnostn\u00EDmi ukazateli (ROA a ROE) a schopnost\u00ED firmy tvo\u0159it akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED v podm\u00EDnk\u00E1ch \u010Desk\u00E9ho potravin\u00E1\u0159sk\u00E9ho pr\u016Fmyslu. Postup p\u0159i komparaci je obdobn\u00FD jako u \u0159ady v \u010Dl\u00E1nku citovan\u00FDch zahrani\u010Dn\u00EDch studi\u00ED. Kritick\u00FDm m\u00EDstem aplikace v \u010Desk\u00FDch podm\u00EDnk\u00E1ch je ov\u0161em absence informac\u00ED, kter\u00E9 jsou produkov\u00E1ny rozs\u00E1hl\u00FDm a dob\u0159e funguj\u00EDc\u00EDm kapit\u00E1lov\u00FDm trhem a kter\u00E9 z\u00E1rove\u0148 slou\u017E\u00ED jako objektivn\u00ED krit\u00E9rium pro vyhodnocen\u00ED kvality zkouman\u00FDch ukazatel\u016F. V tomto p\u0159\u00EDsp\u011Bvku je vyvinuto srovn\u00E1vac\u00ED krit\u00E9rium pro posouzen\u00ED vypov\u00EDdac\u00ED schopnosti v\u00FDkonnostn\u00EDch ukazatel\u016F vhodn\u00E9 pro pou\u017Eit\u00ED v podm\u00EDnk\u00E1ch \u010Desk\u00E9 ekonomiky a uk\u00E1z\u00E1n tak zp\u016Fsob, jak obej\u00EDt handicap disponibiln\u00ED datov\u00E9 z\u00E1kladny. Prost\u0159edkem k napln\u011Bn\u00ED c\u00EDle je testov\u00E1n\u00ED hypot\u00E9zy, \u017Ee ukazatel je v\u00EDce korelov\u00E1n s tvorbou akcion\u00E1\u0159sk\u00E9 hodnoty ne\u017E tradi\u010Dn\u00ED v\u00FDkonnostn\u00ED ukazatele ROA a ROE. V\u00FDsledky modelu jednoduch\u00E9 line\u00E1rn\u00ED regrese poukazuj\u00ED na kvalitn\u011Bj\u0161\u00ED informa\u010Dn\u00ED obsah ukazatele EVA z hlediska jeho p\u0159\u00EDnosu k vysv\u011Btlov\u00E1n\u00ED schopnosti tvorby akcion\u00E1\u0159sk\u00E9ho bohatstv\u00ED. Tato skute\u010Dnost je v souladu s testovanou hypot\u00E9zou i z\u00E1v\u011Bry teorie firemn\u00EDch financ\u00ED, kter\u00E1 pova\u017Euje EVA za komplexn\u011Bj\u0161\u00ED ukazatel v\u00FDkonnosti firmy pro jej\u00ED vlastn\u00EDky." . "[B1144FAE9514]" . "RIV/62156489:43310/07:00160848!RIV13-GA0-43310___" . "RIV/62156489:43310/07:00160848" . . "information content; traditional performance metrics; food-processing sector; shareholder wealth; Economic Value Added"@en . . . "Ukazatel ekonomick\u00E1 p\u0159idan\u00E1 hodnota (EVA) a schopnost firmy vytv\u00E1\u0159et akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED"@cs . . "1211-8516" . "43310" . "Ukazatel ekonomick\u00E1 p\u0159idan\u00E1 hodnota (EVA) a schopnost firmy vytv\u00E1\u0159et akcion\u00E1\u0159sk\u00E9 bohatstv\u00ED" . "CZ - \u010Cesk\u00E1 republika" . . .