Zugleich: Diss. Wirtschaftswiss. Zürich. / Im Buchh.: Bern ; Stuttgart ; Wien : P. Haupt. Literaturverz.

O objetivo principal deste estudo reside em propor a utilização do indicador EVA® valor econômico agregado, como forma de medir e comparar o desempenho econômico de unidades de uma rede de hotéis. O trabalho irá sugerir a implantação de um modelo de avaliação de desempenho de unidades hoteleiras, com base no indicador EVA® valor econômico agregado. Será utilizada a técnica de estudo de caso, aplicada a duas unidades da rede hoteleira, com o objetivo de desenvolver e verificar a eficácia do indicador EVA®. Como resultado, pretende-se possibilitar à empresa contar com um sistema de avaliação de desempenho que lhe ofereça uma melhor orientação para cada decisão a ser tomada. O trabalho também tem por objetivo contemplar a comparação de alguns indicadores de desempenho, comumente utilizados pelas empresas, com o EVA®, abordar a conceituação de custo de capital e suas formas de cálculo, estabelecer, para esta rede de hotéis, uma fórmula, ou método, para definição de seu próprio custo, definir os ajustes contábeis necessários para cálculo do EVA® e desenvolver o modelo conceitual de avaliação a partir do EVA®, em um caso prático. / The main objective of this study lives in proposing the use of the indicator EVA® economic value added, as form of to measure and to compare the economic performance of units of a net of hotels. The work will suggest the implantation of a model of evaluation of performance of hotel units, with base in the indicator EVA® economic value added. The technique of case study will be used, applied to two units of the hotel net, with the objective of to develop and to verify the effectiveness of the indicator EVA®. As result, intends to make possible to the company to count with a system of performance evaluation that offers it a better orientation for each decision to be taken. The work also has for objective to contemplate the comparison of some performance indicators, commonly used by the companies, with EVA®, to approach the concept of capital cost and their calculation forms, to establish, for this net of hotels, a formula, or method, for definition of his own cost, to define the necessary accounting adjustments for calculation of EVA® and to develop the conceptual model of evaluation starting from EVA®, in a practical case.

O presente trabalho tem por objetivo estudar de avaliação de desempenho empresarial com ênfase na aplicação de um modelo de avaliação de desempenho pela métrica do Economic Value Added - EVA® para uma empresa de bens de consumo. O estudo está estruturado com uma revisão bibliográfica onde são estudados os conceitos e fundamentos do Economic Value Added - EVA® e sua aplicação como instrumento de medição de desempenho e de gestão. Na sequência, aplica o modelo em uma empresa de bens de consumo, localizada no Rio Grande do Sul, fundada nos anos ‘70. O estudo foi realizado com os dados contábeis e financeiros, não auditados, da empresa entre 2010 e 2014. O estudo demonstra que a medição pelo EVA® representa uma importante evolução nas ferramentas de gestão, evidenciando que o gerenciamento pelo lucro não é suficiente para medir a agregação de valor aos proprietários da organização. / The present work aims to study the assessment of business performance with emphasis on the application of a model for evaluating the performance metric Economic Value Added - EVA® for a company of consumer goods. The study is structured with a literature review where we study the fundamentals and concepts of Economic Value Added - EVA® and its application as a tool for performance measurement and management. In sequence, apply the model in a consumer goods company, located in Rio Grande do Sul, founded in the 70s. The case study was conducted with the accounting and financial data, unaudited, between 2010 and 2014. The study shows that measurement by EVA® represents an important evolution in management tools, showing that managing for profit is not enough to measure the added value to the owners of the organization.

No description available.

This thesis aims to give the reader general overview of Economic value added (later EVA) and is focused on analysis of problematic aspects of EVA. Firstly there are some theoretical materials regarding EVA following the analysis of chosen company. In the end there is a summary of the analysis. In the first part there are theoretical materials from home and foreign authors describing the problematic of EVA together with the formulas used in the second part. The second part is the analysis of the chosen company. Building on the theoretical materials in the first part author adjust the accounting data, calculate the EVA for the years of the analysis and compare them with the accounting data in accordance with the goal of the thesis. Then he makes a suggestion for improvement and calculates its benefits. Lastly he makes some examples of problematic aspects of EVA. The thesis ends with summary of the analysis and with the contribution of the author.

Ao longo da última década, tem aumentado o reconhecimento de medidas de gerenciamento de valor. Dentre essas, uma que tem recebido grande atenção tanto no meio acadêmico quanto nas empresas em geral é o valor econômico agregado (EVA®). Muito se tem discutido sobre essa medida, sendo que seus defensores afirmam que ela é uma melhor medida de desempenho do que as medidas contábeis tradicionais. Nessa perspectiva, uma série de pesquisas tem sido realizada, verificando a relação entre o EVA® e o retorno de ações, onde os resultados alternam-se entre uma relação superior dessa medida e o retorno de ações em comparação com as medidas contábeis tradicionais e uma fraca relação ou a ausência de relação entre essas variáveis. Em diferente abordagem, Machuga, Pfeiffer Jr. e Verma (2002) realizaram um estudo no mercado norte americano para verificar a capacidade do EVA® na predição de lucros futuros. Replicando a metodologia desse estudo, esta pesquisa teve como objetivo verificar empiricamente se o EVA® fornece informação incremental para predição de lucros futuros das empresas de capital aberto do Brasil. Na metodologia, foram aplicados modelos de regressão linear múltipla no período de 1998 a 2006 para testar a proposição de que o EVA® fornece informação incrementalmente útil para predizer lucros de um ano adiante das empresas de capital aberto do Brasil. Foram aplicadas regressões anuais (crosssection) e verificou-se a significância estatística dos coeficientes médios. Com os resultados obtidos, não se pode comprovar a utilidade incremental do EVA® na predição de lucros futuros. Na seqüência, realizou-se um teste do valor incremental da inclusão da informação EVA® no modelo de predição, sendo que foram aplicadas novas regressões sem as variáveis EVA® e apurados os novos coeficientes médios; em seguida, foram efetuadas duas previsões de lucros, uma utilizando os valores médios com e outra sem o EVA® . Por meio da comparação desses valores previstos com os reais dos lucros e apurando suas respectivas diferenças, obteve-se os erros médios de previsão. Foi observado que os erros médios de previsão apresentaram-se elevados em função da alta dispersão das variáveis da pesquisa, também foi encontrado que os erros médios de previsão foram menores quando houve a inclusão da informação do EVA® , indicando a utilidade incremental dessa medida na predição de lucros futuros, entretanto esses resultados devem ser interpretados como indicativos e não como conclusivos, já que os coeficientes das variáveis, em sua maioria, não se demonstraram estatisticamente significantes. / There has been increased recognition over the last decade of the measures of management of value. Among these, one that has received the great attention either on the academic field or in the companies in general is the Economic Value Added (EVA®). A lot has been argued about this measure, its defenders affirm that it is one measure of performance better than the traditional accounting measures. In these perspective, a lot of researches have been done, verifying the relation between the EVA® and the stock returns, where the results change between one relation superior of these measures and the stock returns in comparison with the usual accounting measures and a weak relationship or absence of relation between these variables. In a different approach, Machuga, Pfeiffer Jr. and Verma (2002) realize a study on the North America market to verify the ability of EVA® in the prediction of future earnings. Applying the methodology of this study, this research had as goal to verify empirically if the EVA® supplies incremental information to predict future earnings of the Brazilian public companies. After, in the methodology, some multiple linear regression models were applied on the period of 1998 to 2006 to test the proposition that EVA® supplies information incrementally useful to predict one-year-ahead earnings of the Brazilian public companies. The annual cross-section regressions were applied and verified the statistic significance of the average coefficients. With the gotten results, one cannot confirm the incremental utility of EVA® in the future earnings prediction. In the sequence, a test of the incremental value of the inclusion of the information EVA® on the model of prediction was realized, it being that news regressions were applied without the variables EVA® and gotten the new average coefficients, after that, two predictions of earnings was effected, one using the mean values with and the other without the EVA® information. By the comparison of the predicted values with the actual earnings and checking its respective differences, one got the average forecast errors. It was observed that the average forecast errors had been presented high in function of the high dispersion of the variables of the research. It was founded too that the average forecast errors were lower when was included the information of EVA®, indicating the incremental utility of this measure on the prediction of future earnings, however, these results must be interpreted as indicative and not as conclusive, since the coefficients of the variables, in its majority, did not show statistically significant.

Thesis (Doctoral (Human Resource Management))--Cape Peninsula University of Technology, 2005 / The image of the Western Cape Education Department (WCED) is influenced by its ability to handle and to develop a system whereby not only will the perceived gap between the expectation and satisfaction of the customers be closed, but the customer will also be able to derive value from the services rendered. In order for this to come to fruition, as well as the fact that the employees know the true picture of the flow of work within the WCED, it is crucial that the employees be involved in the mapping of the strategy, which in turn would be utilised to attain the vision. A key challenge is getting all the parts of the WCED in line with its strategies, which in turn impacts on the mission and vision. Maximum value requires an understanding of its creation and a proactive approach. These are not easily accomplished. Not only is the "education industry" presently confronted with many changes, its stakeholders and customers are making greater demands. As a result of this. the WCED needs to be more efficient, but importantly also to be aware of the "efficiency trap". A decrease in the net operating result of the WCED would result in dissatisfied customers. In order for this not to be an option. the synergy of the balanced scorecard and the whole value chain within a lean environment should be considered as the reduction of occupational crime i.e. human activity absorbing resources, but not creating value or nonvalue creating / adding activities or muda has become a priority. Also by focussing on an occupational crime reduction flow of work, the WCED will be seen as a system of processes and not as a system of separate functions.

Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2016-05-10T23:18:28Z No. of bitstreams: 1 NataliaDeMedeirosPires_DISSERT.pdf: 917109 bytes, checksum: 272238860ade20f735d3f852b26b43ff (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2016-05-18T20:01:54Z (GMT) No. of bitstreams: 1 NataliaDeMedeirosPires_DISSERT.pdf: 917109 bytes, checksum: 272238860ade20f735d3f852b26b43ff (MD5) / Made available in DSpace on 2016-05-18T20:01:54Z (GMT). No. of bitstreams: 1 NataliaDeMedeirosPires_DISSERT.pdf: 917109 bytes, checksum: 272238860ade20f735d3f852b26b43ff (MD5) Previous issue date: 2015-02-24 / Beyond its importance in maintaining ecosystems, sharks provide services that play important socioeconomic roles. The rise in their exploitation as a tourism resource in recent years has highlighted economic potential of non-destructive uses of sharks and the extent of economic losses associated to declines in their population. In this work, we present estimates for use value of sharks in Fernando de Noronha Island - the only ecotouristic site offering shark diving experience in the Atlantic coast of South America. Through the Travel Cost Method we estimate the total touristic use value aggregated to Noronha Island by the travel cost was up to USD 312 million annually, of which USD 91.1 million are transferred to the local economy. Interviewing people from five different economic sectors, we show shark-diving contribute with USD 2.5 million per year to Noronha?s economy, representing 19% of the island?s GDP. Shark-diving provides USD 128.5 thousand of income to employed islanders, USD 72.6 thousand to government in taxes and USD 5.3 thousand to fishers due to the increase in fish consumption demanded by shark divers. We discover, though, that fishers who actually are still involved in shark fishing earn more by catching sharks than selling other fish for consumption by shark divers. We conclude, however, that the non-consumptive use of sharks is most likely to benefit large number of people by generating and money flow if compared to the shark fishing, providing economic arguments to promote the conservation of these species.

This thesis deals the efficiency of company and in differences between traditional and modern indicators of financial efficiency of company as first. Practical part of this graduation thesis targets on the modern performance criteria of a company. Economic value added was chosen as a representative of the modern value indicators. Economic value added is a way to determine the value created for the shareholders of a company. In the case study is EVA computed by economic model, accounting model and benchmarking diagnostic system of financial indicators INFA in the company which was chosen. The main part forms describing the adjustments that the economic model demands. In details are described editing which lead to the net operating assets and to the net operating profit after taxes (NOPAT). All three methods are compared one another in conclusion.

O presente trabalho tem por objetivo estudar de avaliação de desempenho empresarial com ênfase na aplicação de um modelo de avaliação de desempenho pela métrica do Economic Value Added - EVA® para uma empresa de bens de consumo. O estudo está estruturado com uma revisão bibliográfica onde são estudados os conceitos e fundamentos do Economic Value Added - EVA® e sua aplicação como instrumento de medição de desempenho e de gestão. Na sequência, aplica o modelo em uma empresa de bens de consumo, localizada no Rio Grande do Sul, fundada nos anos ‘70. O estudo foi realizado com os dados contábeis e financeiros, não auditados, da empresa entre 2010 e 2014. O estudo demonstra que a medição pelo EVA® representa uma importante evolução nas ferramentas de gestão, evidenciando que o gerenciamento pelo lucro não é suficiente para medir a agregação de valor aos proprietários da organização. / The present work aims to study the assessment of business performance with emphasis on the application of a model for evaluating the performance metric Economic Value Added - EVA® for a company of consumer goods. The study is structured with a literature review where we study the fundamentals and concepts of Economic Value Added - EVA® and its application as a tool for performance measurement and management. In sequence, apply the model in a consumer goods company, located in Rio Grande do Sul, founded in the 70s. The case study was conducted with the accounting and financial data, unaudited, between 2010 and 2014. The study shows that measurement by EVA® represents an important evolution in management tools, showing that managing for profit is not enough to measure the added value to the owners of the organization.