THE VALUE CREATION ABOUT INDUSTRIAL COMPANIES THAT ISSUE BONDS ON THE BOLIVIAN STOCK EXCHANGE; PERIOD 2016-2019

Authors

DOI:

https://doi.org/10.37135/kai.03.08.02

Keywords:

valor económico agregado (VEA), valor agregado de mercado (VAM), rentabilidad financiera (RF), creación de valor, Bolivia

Abstract

In order to know the value generated for the shareholders of industrial companies that issue bonds in the Bolivian Stock Exchange between the years 2016-2019, performance measures based on value creation were calculated, subsequently determining the measure best associated with the Market value added (MVA) between economic value added (EVA) and financial profitability (ROE). Based on the financial statements and applying the linear regression method, according to the available data, it is concluded that EVA has a greater association with MVA in contrast to the traditional ROE measure, suggesting that when implementing its calculation, stability and permanence of the company in the long term, but above all the knowledge obtained about the value created or destroyed.

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Published

2022-01-10

Issue

Vol. 5 No. 8 (2022): Kairós, Revista de Ciencias Económicas, Jurídicas y Administrativas

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How to Cite

THE VALUE CREATION ABOUT INDUSTRIAL COMPANIES THAT ISSUE BONDS ON THE BOLIVIAN STOCK EXCHANGE; PERIOD 2016-2019. (2022). Kairos: Journal of Economy, Law and Administrative Sciences, 5(8), 26-44. https://doi.org/10.37135/kai.03.08.02