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Using EVA to Analyze the Management Performance of Non-Listed Family Restaurants

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2004, 28(3), pp.181-202
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

Chong,Yu-kyeong 1 Koo, Wonil 2

1세종대학교
2삼성에버랜드(주)안양베네스트골프클럽

Accredited

ABSTRACT

This paper attempted to calculate the Economic Value Added (EVA), using the financial data of five non-listed, incorporated family restaurants provided by the Financial Supervisory Service (DART: Data Analysis, Retrieval, and Transfer System). Since no family restaurant company has been listed, no research the EVA of family restaurants was found. The purpose of the current research was to apply EVA, as an index of performance, onto the non-listed family restaurants to compare management performance. The results of the present research suggested that the EVA, considering the cost of equity capital, provided a better indication of the management performance of the restaurants.

Citation status

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