تقييم فعالية رأس المال المستثمر في خلق قيمة اقتصادية مضافة للمؤسسة : دراسة قياسية لعينة من الشركات المدرجة في بورصة الجزائر خلال الفترة من 2010 إلى 2019

Abstract EN

This study is an attempt to evaluate the effectiveness of invested capital in creating the EVA, It was conducted on a sample of three companies listed on the Algiers Stock Exchange from 2010 to 2019, in which it relied on standard analysis as a tool for testing hypotheses, by using cross-sectional time-series data analysis (Panel Data), as a conclusion, we can say that despite the positive financial results achieved by the three companies throughout or most of the study periods, the proved negative correlation between the size of the invested capital and the EVA, confirms that the increase in the invested capital was not effective in improving the EVA what means that its yield was less than its cost, and in view of this result, we recommend paying attention to the evaluation of EVA as an indicator to assess the effectiveness of the corporate investment and operating policy.