| Issue |
SHS Web Conf.
Volume 73, 2020
Innovative Economic Symposium 2019 – Potential of Eurasian Economic Union (IES2019)
|
|
|---|---|---|
| Article Number | 02003 | |
| Number of page(s) | 9 | |
| Section | Stabilization and Development of SMEs in Rural Areas | |
| DOI | https://doi.org/10.1051/shsconf/20207302003 | |
| Published online | 13 January 2020 | |
Value generators in forestry and logging
1 Institute of Technology and Business, School of Expertness and Valuation, Okružní 517/10, 37001 České Budějovice Czech Republic
2 University of Žilina, The Faculty of Operation and Economics of Transport and Communications, Univerzitná 8215/1, 01026 Žilina Slovakia
* Corresponding author: machova@mail.vstecb.cz
The aim of business is the company value which depends on its ability to generate future profits. It means that all the future decisions must be1 adopted with regard to the influence on the company value. The subject of interest in this paper concerns forestry and logging companies, particularly financial statements of companies that were active on the Czech market in 2016 and thus showed a profit. Aim of this paper is to identify particular value generators of forestry and logging companies in the Czech Republic in 2016. For this reason, the best possible methodology was developed to determine them and the objective was eventually achieved. Using artificial neural networks, a total of 14 indicators, entering a company value creation process most frequently, were identified and measured by the EVA equity indicator. The following key variables were identified as company value generators: external sources, long-term liabilities, material and energy consumption, other operating expenses and sales of goods.
© The Authors, published by EDP Sciences, 2020
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