The relationship between entrepreneurial intensity and shareholder value creation

作者: P Erasmus , M J Scheepers

DOI:

关键词: Value (economics)Classical economicsFinanceBusinessEnterprise valueEconomic Value AddedBusiness valueEntrepreneurshipShareholder valueSecondary sector of the economyOrder (exchange)

摘要: Innovation and entrepreneurship have long been regarded as sources of value wealth creation. Previous research has shown that there is a positive relationship between enterprises’ levels their financial performance. Little research, however, hitherto focused on measuring the shareholder In this study entrepreneurial intensity created by an enterprise investigated. An adapted corporate (ce) measurement instrument applied in order to gauge intensity, while creation measured marketadjusted total share return (tsr) based performance measure Economic Value Added (eva). The conducted for sample enterprises listed industrial sector Johannesburg Securities Exchange (jse) period 2003–2005. contribution focus ntrepreneurial creation, rather than purely accounting-based enterprise.; ;

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