Еволюцията на финансовия анализ за нуждите на корпоративното управление в условията на динамична среда

Автори:
Страници: 157-165

Резюме:

The turbulent processes in the world economy over the last decade have shown the need for new, more adequate indicators for financial analysis, which should cover not only data from the financial statements, but also take into account other financial and non-financial determinants. The application and interpretation of the final results of the financial analysis depends on the competencies of the financial managers, experts or analysts, but it is important the specific set of indicators that should use comprehensive information, take into account the current economic situation, contain sound forecasts and not just be based on past periods. Recently, in the practice of leading companies, indicators for growth of the company’s value are increasingly used, at the expense of the profitability analysis. Corporate governance can be considered successful if its solutions provide an increase in the company value. The company value is at the heart of a relatively new management concept known as Value Based Management (VBM), according to which a company is an organization for creating value for various stakeholders. The purpose of the report is to present the financial analysis in a new light, which to be a guide for the needs of corporate governance of Bulgarian companies in a dynamic environment.

Ключови думи:

value based management (VВМ); economic value added (EVA).

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