KFU. Card publication. Shareholder value of the company and financial statements: Econometric estimation of value creation drivers

KAZAN
FEDERAL UNIVERSITY

- RUS
- 中文
- ES

SHAREHOLDER VALUE OF THE COMPANY AND FINANCIAL STATEMENTS: ECONOMETRIC ESTIMATION OF VALUE CREATION DRIVERS

Form of presentation

Articles in international journals and collections

Year of publication

2020

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Authors, employees of KFU

Zulfakarova Liliya Faridovna, author

Kadochnikova Ekaterina Ivanovna, author

Usanova Diana Shamilevna, author

Authors, students KFU

Drozdova Darya Alekseevna, author

Bibliographic description in the original language

Kadochnikova E, Usanova D, Zulfakarova L, Drozdova D Shareholder value of the company and financial statements: Econometric estimation of value creation drivers//International Journal of Criminology and Sociology. - 2020. - Vol.9, Is.. - P.2599-2608.

Annotation

Objective: to evaluate the relationship between financial reporting indicators and shareholder value on the example of Russian companies from seven sectors of the economy based on a linear multiple regression models. Methods: linear multiple regression model, classical least squares method. Results: It is expected that financial reporting indicators are one of the dominant determinants of evaluating the effectiveness of financial investment decisions. It is shown that the financial drivers-financial leverage, return on assets, dividend payments, and the EVA driver – invested capital-are positively correlated with the company's shareholder value. It is shown that the size of a company has a positive impact on its shareholder value. It was found that the level of disclosure is negatively correlated with the company's shareholder value. Scientific innovation: the article uses data from the financial statements of 85 Russian companies for 2018 to measure the relationship between three groups of drivers and the company's shareholder value. Practical relevance: the main conclusions of the article can be used in scientific and practical activities by owners and investors of companies in order to improve the financial reporting of companies and make investment decisions.

Keywords

financial statements, shareholder value, linear regression model, least squares method

The name of the journal

International Journal of Criminology and Sociology

URL

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85099180223&doi=10.6000%2f1929-4409.2020.09.320&partnerID=40&md5=acef728e9c55c7a87b519f991122137f

Please use this ID to quote from or refer to the card

https://repository.kpfu.ru/eng/?p_id=248523&p_lang=2

Full metadata record

Field DC	Value	Language
dc.contributor.author	Zulfakarova Liliya Faridovna	ru_RU
dc.contributor.author	Kadochnikova Ekaterina Ivanovna	ru_RU
dc.contributor.author	Usanova Diana Shamilevna	ru_RU
dc.contributor.author	Drozdova Darya Alekseevna	ru_RU
dc.date.accessioned	2020-01-01T00:00:00Z	ru_RU
dc.date.available	2020-01-01T00:00:00Z	ru_RU
dc.date.issued	2020	ru_RU
dc.identifier.citation	Kadochnikova E, Usanova D, Zulfakarova L, Drozdova D Shareholder value of the company and financial statements: Econometric estimation of value creation drivers//International Journal of Criminology and Sociology. - 2020. - Vol.9, Is.. - P.2599-2608.	ru_RU
dc.identifier.uri	https://repository.kpfu.ru/eng/?p_id=248523&p_lang=2	ru_RU
dc.description.abstract	International Journal of Criminology and Sociology	ru_RU
dc.description.abstract	Objective: to evaluate the relationship between financial reporting indicators and shareholder value on the example of Russian companies from seven sectors of the economy based on a linear multiple regression models. Methods: linear multiple regression model, classical least squares method. Results: It is expected that financial reporting indicators are one of the dominant determinants of evaluating the effectiveness of financial investment decisions. It is shown that the financial drivers-financial leverage, return on assets, dividend payments, and the EVA driver – invested capital-are positively correlated with the company's shareholder value. It is shown that the size of a company has a positive impact on its shareholder value. It was found that the level of disclosure is negatively correlated with the company's shareholder value. Scientific innovation: the article uses data from the financial statements of 85 Russian companies for 2018 to measure the relationship between three groups of drivers and the company's shareholder value. Practical relevance: the main conclusions of the article can be used in scientific and practical activities by owners and investors of companies in order to improve the financial reporting of companies and make investment decisions.	ru_RU
dc.language.iso	ru	ru_RU
dc.subject	financial statements	ru_RU
dc.subject	shareholder value	ru_RU
dc.subject	linear regression model	ru_RU
dc.subject	least squares method	ru_RU
dc.title	Shareholder value of the company and financial statements: Econometric estimation of value creation drivers	ru_RU
dc.type	Articles in international journals and collections	ru_RU