Increasing competition, the trading of firms in international markets and the management based on market make traditional accounting Standard methods incapable of assessing the performance of the firms, increase the importance of cost based management and lead to arise of new performance assessment techniques. This study uses one of the financial performance assessment technique namely economic valueadded (EVA) method in order to assess the financial performance of cement firms. With the requirement of cost based management approach, the financial performance of cement firms traded in BIST100 is assessed with the help of a value-based performance assessment method economic value added (EVA), which is applicable both to the entire of the firm and to the parts of the firm. In the study, first financial performance assessment method economic value added (EVA) is explained, then calculation methodology is mentioned. In the application part, the economic value added of 4 cement firms are calculated for the year 2015. Finally, with the comparison of outputs of this performance evaluation method some inferences are made.
Economic Value Added, Cement Sector, EVA, Performance Measurement Method
|Author :||- Umut Tolga GÜMÜŞ - Beril TAŞDEMİR|
|Number of pages:||14-36|