Regression analysis of key efficiency indicators in the context of corporate financial management based on the indicator of the economic value added
| Autor | Tatiana O. Zhukovets - Eugeniia U. Strelnik - Diana S. Usanova |
| Cargo | Kazan Federal University, Institute of management, economics and finance. e-mail: diana-diana@rambler.ru,. tel.: +7 905 310-77-87 - Kazan Federal University, Institute of management, economics and finance. e-mail: diana-diana@rambler.ru,. tel.: +7 905 310-77-87 - Kazan Federal University, Institute of management, economics and finance. e-mail:... |
| Páginas | 161-172 |
Periódico do Núcleo de Estudos e Pesquisas sobre Gênero e Direito
Centro de Ciências Jurídicas - Universidade Federal da Paraíba
V. 8 - Nº 05 - Ano 2019
ISSN | 2179-7137 | http://periodicos.ufpb.br/ojs2/index.php/ged/index
161
REGRESSION ANALYSIS OF KEY EFFICIENCY INDICATORS
IN THE CONTEXT OF CORPORATE FINANCIAL
MANAGEMENT BASED ON THE INDICATOR OF THE
ECONOMIC VALUE ADDED (EVA)
Tatiana O. Zhukovets1
Eugeniia U. Strelnik2
Diana S. Usanova3
Abstract: As a tool for strategic
management, key performance
indicators perform two main functions:
serve as indicators of the achievement of
the corporate development goal, are
necessary to motivate staff. To achieve
these goals, the system of indicators
should reflect the specifics of the
company's activities and be scientifically
sound, i.e. not chaotic. In this article, we
observed 145 Russian companies in the
oil and gas sector of the economy for 3
years and studied key performance
indicator systems that they apply. As a
result, it turned out that the currently
used KPI systems are not very effective
at the moment, since the indicators are
1 Kazan Federal University, Institute of management, economics and finance. e-mail:
diana-diana@rambler.ru,. tel.: +7 905 310-77-87
2 Kazan Federal University, Institute of management, economics and finance. e-mail:
diana-diana@rambler.ru,. tel.: +7 905 310-77-87
3 Kazan Federal University, Institute of management, economics and finance. e-mail:
diana-diana@rambler.ru,. tel.: +7 905 310-77-87
chosen chaotically and are not linked to
the general system of goals. We decided
to test two practical management models
based on interrelated indicators: the
DuPont model and the EVA-based
management model. As a result of
testing the DuPont model, we obtained
negative results. The multiple R was
found to be only 0.15. The testing of the
EVA model gave a positive result; we
obtained a significant model (by the
Fisher criterion) with a determination
coefficient of 0.64. Therefore, we
propose to develop KPI systems based
on the EVA decomposition model.
Keywords: KPI, DuPont model, ROE,
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