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  • The analysis of residual income : the empirical evidence from Slovenia
    Stubelj, Igor, 1969- ; Jerman, Mateja ; Dolenc, Primož, 1976-
    In this study we were interested in the residual income of selected Slovene companies. This parameter of company's efficiency not only looks at return on invested funds, but also implicitly compares ... it with risk adjusted opportunity cost of such investment. It is therefore argued that this parameteris a better performance measure than simply accounting performance measures. Our results based on selected listed companies in Slovenia showed that residual income was far from being positive, at least in year 2006. In year 2007 the situation improved when three out of ten selected companies had a negative residual income which means that companies did not create value for their shareholders and that they did not generate enough profits to cover the appropriate cost of capital, i.e. the cost of capital that take into consideration the risk adjusted opportunity cost.
    Source: Studia Universitatis Babeş-Bolyai. Negotia. - ISSN 1224-8738 (Vol. 54, no. 1, 2009, str. 3-19)
    Type of material - article, component part ; adult, serious
    Publish date - 2009
    Language - english
    COBISS.SI-ID - 3263191

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    http://www.ceeol.com/aspx/issuedetails.aspx?issueid=5313fdf1-c952-4be8-b99d-855b551f5c20&articleId=1195e977-c26f-4766-92b9-abd3c3e7a15d

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