The main objective of this thesis is to provide the basic understanding of the "Economic Value Added - EVA" concept, its developments in literature review, its advantages and disadvantages, and consequently, to implement it for measurement and management of company performance. On the basis of literature reviews, the thesis aims to decide how EVA can contribute to the improvement of company's performance. Main results of thesis are the most important challenges of successfully implementing EVA such as EVA meas-urement, EVA calculation, the compensation plan, training program and mindset creation in selected company.
Anotace v angličtině
The main objective of this thesis is to provide the basic understanding of the "Economic Value Added - EVA" concept, its developments in literature review, its advantages and disadvantages, and consequently, to implement it for measurement and management of company performance. On the basis of literature reviews, the thesis aims to decide how EVA can contribute to the improvement of company's performance. Main results of thesis are the most important challenges of successfully implementing EVA such as EVA meas-urement, EVA calculation, the compensation plan, training program and mindset creation in selected company.
Klíčová slova
Economic Value Added - EVA, performance measurement system, Value based management, shareholder value, net operating profit.
Klíčová slova v angličtině
Economic Value Added - EVA, performance measurement system, Value based management, shareholder value, net operating profit.
Rozsah průvodní práce
94 s.
Jazyk
AN
Anotace
The main objective of this thesis is to provide the basic understanding of the "Economic Value Added - EVA" concept, its developments in literature review, its advantages and disadvantages, and consequently, to implement it for measurement and management of company performance. On the basis of literature reviews, the thesis aims to decide how EVA can contribute to the improvement of company's performance. Main results of thesis are the most important challenges of successfully implementing EVA such as EVA meas-urement, EVA calculation, the compensation plan, training program and mindset creation in selected company.
Anotace v angličtině
The main objective of this thesis is to provide the basic understanding of the "Economic Value Added - EVA" concept, its developments in literature review, its advantages and disadvantages, and consequently, to implement it for measurement and management of company performance. On the basis of literature reviews, the thesis aims to decide how EVA can contribute to the improvement of company's performance. Main results of thesis are the most important challenges of successfully implementing EVA such as EVA meas-urement, EVA calculation, the compensation plan, training program and mindset creation in selected company.
Klíčová slova
Economic Value Added - EVA, performance measurement system, Value based management, shareholder value, net operating profit.
Klíčová slova v angličtině
Economic Value Added - EVA, performance measurement system, Value based management, shareholder value, net operating profit.
Zásady pro vypracování
Introduction
Define the objectives and the application methods used in the Master thesis.
Theoretical part
Prepare critical literature review of financial performance focus on EVA.
Practical part
Characterize Nam Viet Joint Stock Company.
Analyze macroeconomics condition and the development of the sector.
Analyze the current performance and identify factors having strong impact on EVA.
Propose project of improving financial performance of Nam Viet joint stock company based on EVA.
Conclusion
Zásady pro vypracování
Introduction
Define the objectives and the application methods used in the Master thesis.
Theoretical part
Prepare critical literature review of financial performance focus on EVA.
Practical part
Characterize Nam Viet Joint Stock Company.
Analyze macroeconomics condition and the development of the sector.
Analyze the current performance and identify factors having strong impact on EVA.
Propose project of improving financial performance of Nam Viet joint stock company based on EVA.
Conclusion
Seznam doporučené literatury
BREALEY, Richard A., Stewart C. MYERS a Franklin ALLEN. Principles of corporate finance. Twelfth edition. New York: McGraw-Hill Education, 2017. The McGraw-Hill/Irwin series in finance, insurance, and real estate. ISBN 978-1-259-25333-1.
NAPIER, Rodney. a Rich MCDANIEL. Measuring what matters: simplified tools for aligning teams and their stakeholders. Mountain View, Calif.: Davies-Black Pub., c2006. ISBN 0891062114.
STEWART, G. Bennett. Best-practice EVA: the definitive guide to measuring and maximizing shareholder value. Hoboken: Wiley, c2013. ISBN 978-1-118-63938-2.
YOUNG, S. David a Stephen F. O'BYRNE. EVA and value-based management: a practical guide to implementation. New York: McGraw-Hill, 2001. ISBN 0071364390.
Seznam doporučené literatury
BREALEY, Richard A., Stewart C. MYERS a Franklin ALLEN. Principles of corporate finance. Twelfth edition. New York: McGraw-Hill Education, 2017. The McGraw-Hill/Irwin series in finance, insurance, and real estate. ISBN 978-1-259-25333-1.
NAPIER, Rodney. a Rich MCDANIEL. Measuring what matters: simplified tools for aligning teams and their stakeholders. Mountain View, Calif.: Davies-Black Pub., c2006. ISBN 0891062114.
STEWART, G. Bennett. Best-practice EVA: the definitive guide to measuring and maximizing shareholder value. Hoboken: Wiley, c2013. ISBN 978-1-118-63938-2.
YOUNG, S. David a Stephen F. O'BYRNE. EVA and value-based management: a practical guide to implementation. New York: McGraw-Hill, 2001. ISBN 0071364390.
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Záznam průběhu obhajoby
Supervisor: Prof. Dr. Ing. Drahomíra Pavelková. Proposed number of points: 19
On the page 66 you introduced adjusted invested capital for calculation of EVA. Could you explain how did you calculate adjusted capital structure (value of adjusted debt and equity)? Answered completely
Reviewer: Ing. Daniel Remeš, Ph.D. Proposed number of points: 21
What imput data are used to calculate the CAPM equity capital and what resources have you used? How does EVA calculate for a shorter period than a year? Answered completely
dr. Pálka: Could you explain how do you calculate NOPAT? Answered completely
dr. Pálka: Why did you use the risk free rate from US not from Vietnam? Answered completely