Yıl 2018, Cilt 8, Sayı 1, Sayfalar 76 - 79 2018-12-30

ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS

Dilek Teker [1] , Elcin Aykac Alp [2]

1 25

Purpose - Recent studies focus on the corporate firm value and relation with financial parameters. This study reveals the interaction

between economic value added on corporate firm value and specific financial parameters such as P/E, WACC, ROE and ROIC. This analysis

focuses primarily on how corporate value is effected by the other variables and the duration that this influence leads.

Methodology – The quarterly data is derived for public banks in Turkish markets for the period 2006Q1-2018Q3. In the light of the data

obtained, PE, ROE, ROIC, WACC and WACCEVA values calculated for seven public banks. Each financial indicator was analyzed in terms of

trend and it was decided that the existing deterministic components should be eliminated in order not to affect the analysis result.

Findings- The summarized results indicate different occasions for each stock such as economic value added has significant effect on firm

value for couple of the firms and WACC and EVA variables have one period lagged effect for all stocks.

Conclusion- We indicate that firm value is effected from financial measures and further analysis should focus on investor buy/sell behaviors

in time lags.

Corporate firm value, unit root tests, VAR models
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Birincil Dil en
Konular Beşeri Bilimler, Ortak Disiplinler
Dergi Bölümü Makaleler
Yazarlar

Orcid: 0000-0002-3893-4015
Yazar: Dilek Teker (Sorumlu Yazar)

Orcid: 0000-0001-9076-2102
Yazar: Elcin Aykac Alp

Bibtex @araştırma makalesi { pap508714, journal = {PressAcademia Procedia}, issn = {}, eissn = {2459-0762}, address = {PressAcademia}, year = {2018}, volume = {8}, pages = {76 - 79}, doi = {10.17261/Pressacademia.2018.985}, title = {ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS}, key = {cite}, author = {Alp, Elcin Aykac and Teker, Dilek} }
APA Teker, D , Alp, E . (2018). ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS. PressAcademia Procedia, 8 (1), 76-79. DOI: 10.17261/Pressacademia.2018.985
MLA Teker, D , Alp, E . "ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS". PressAcademia Procedia 8 (2018): 76-79 <http://dergipark.gov.tr/pap/issue/42051/508714>
Chicago Teker, D , Alp, E . "ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS". PressAcademia Procedia 8 (2018): 76-79
RIS TY - JOUR T1 - ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS AU - Dilek Teker , Elcin Aykac Alp Y1 - 2018 PY - 2018 N1 - doi: 10.17261/Pressacademia.2018.985 DO - 10.17261/Pressacademia.2018.985 T2 - PressAcademia Procedia JF - Journal JO - JOR SP - 76 EP - 79 VL - 8 IS - 1 SN - -2459-0762 M3 - doi: 10.17261/Pressacademia.2018.985 UR - http://dx.doi.org/10.17261/Pressacademia.2018.985 Y2 - 2019 ER -
EndNote %0 PressAcademia Procedia ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS %A Dilek Teker , Elcin Aykac Alp %T ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS %D 2018 %J PressAcademia Procedia %P -2459-0762 %V 8 %N 1 %R doi: 10.17261/Pressacademia.2018.985 %U 10.17261/Pressacademia.2018.985
ISNAD Teker, Dilek , Alp, Elcin Aykac . "ECONOMIC VALUE ADDED and CORPORATE FIRM VALUE IMPLICATIONS". PressAcademia Procedia 8 / 1 (Aralık 2018): 76-79. http://dx.doi.org/10.17261/Pressacademia.2018.985