Shareholder Value Sustainability Drivers through the Prism of Out- and Underperformers (Evidence from Central and Eastern Europe)

Selected Papers of the 8th International Scientific Conference "Business and Management 2014" 2014
Jūlija Bistrova, Nataļja Lāce

The paper aims to investigate the key attributes of the leading and lagging companies in terms of the shareholder value sustainability. The companies classified as the sustainable outperformers and the sustainable underperformers were compared on the several dimensions of the financial aspects (profitability, capital financing, dividend payout ratios) and on the number of qualitative aspects such as industry, size and country of domicile. The results of the analysis conducted for the period of 2005-2012 makes it possible to enhance the investment strategy when building the stock portfolio by focusing on the attributes typical for the Central and Eastern European companies capable of delivering superior returns on the regular basis.

Keywords
Shareholder value, sustainability, fundamental analysis, outperformers, underperformers
DOI
10.3846/bm.2014.097
Hyperlink
http://www.bm.vgtu.lt/index.php/bm/bm_2014/paper/viewFile/462/561

Bistrova, J., Lāce, N. Shareholder Value Sustainability Drivers through the Prism of Out- and Underperformers (Evidence from Central and Eastern Europe). In: Selected Papers of the 8th International Scientific Conference "Business and Management 2014", Lithuania, Vilnius, 15-16 May, 2014. Vilnius: Vilnius Gediminas Technical University, 2014, pp.808-813. ISBN 9786094576522. e-ISBN 9786094576515. ISSN 2029-4441. e-ISSN 2029-929X. Available from: doi:10.3846/bm.2014.097

Publication language
English (en)