Wertorientierte Unternehmensführung. Bedeutung und Anwendung des Economic Value Added (EVA(R)) bei kotierten Gesellschaften des SMI Expanded(R)
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Wertorientierte Unternehmensführung. Bedeutung und Anwendung des Economic Value Added (EVA(R)) bei kotierten Gesellschaften des SMI Expanded(R)

Wertorientierte Unternehmensführung. Bedeutung und Anwendung des Economic Value Added (EVA(R)) bei kotierten Gesellschaften des SMI Expanded(R)


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About the Book

Bachelorarbeit aus dem Jahr 2014 im Fachbereich BWL - Rechnungswesen, Bilanzierung, Steuern, Note: 5.0, Fernfachhochschule Schweiz (FFHS Zürich - University of Applied Sciences and Arts of Southern Switzerland (SUPSI)), Sprache: Deutsch, Abstract: Unternehmungen agieren heutzutage in komplexen Systemen mit vielfältigen Einflussfaktoren und Erwartungshaltungen seitens der Stake- sowie Shareholder. Daher ist die Kommunikation sowie Offenlegung der Ergebnisse ein zentraler Aspekt um sich ein treffendes Bild der Leistungsfähigkeit der Kapitalgesellschaft zu zeichnen. Die vorliegende Thesis untersucht anhand von folgenden Hypothesen diese Thematik: 1. Wenn Gesellschaften des SMI Expanded(R) in ihrer Berichterstattung ggü. Externen das Economic Value Added-Prinzip als Kennzahl der Unternehmenssteuerung verwenden und kommunizieren, dann verändert sich ihr Aktienkurs überproportional positiv ggü. Unternehmen mit sonstigen Kennzahlen im Swiss Market Index Expanded(R). 2. Wenn Unternehmen des SMI Expanded(R) das EVA(R)-Konzept als Massstab ihrer Entlohnungspolitik verwenden, dann verändert sich ihr Aktienkurs signifikant positiver als bei den übrigen Unternehmen des SMI Expanded(R). Insgesamt zeigt sich, dass das Value Based Management relativ geringe Anwendung in den 48 Kapitalgesellschaften des SMI Expanded(R) findet. Um die Zielformulierung sowie Steuerung des variablen Vergütungsanteils messbar zu machen, werden traditionelle Kennzahlen wie EBIT, EBITDA oder ROE verwendet. Die Analysen zeigen, dass geradezu 27 % der am Swiss Market Index Expanded(R) gelisteten Unternehmen wertorientierte Kennzahlen zur Steuerung ihrer Unternehmung verwenden. Davon macht die Kennzahl des Economic Value Added mit 60 % den grössten Anteil aus. Die empirischen Untersuchungen zeigen sowohl bei der ersten Hypothese wie auch bei der zweiten Hypothese keinen signifikanten positiven Einfluss der Kennzahl EVA(R) auf den Aktienkurs. Als Zusatzauswertung wurde mittels Korrelationsanalyse untersucht, ob Zusammenhän


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Product Details
  • ISBN-13: 9783656640943
  • Publisher: Grin Verlag Gmbh
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 148 mm
  • ISBN-10: 3656640947
  • Publisher Date: 22 Apr 2014
  • Height: 210 mm
  • No of Pages: 72
  • Series Title: German
  • Weight: 154 gr


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Wertorientierte Unternehmensführung. Bedeutung und Anwendung des Economic Value Added (EVA(R)) bei kotierten Gesellschaften des SMI Expanded(R)
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