Shareholder Value Creation Measurement Analysis in Healthcare, Materials, and Real Estate Industry in Indonesia
- DOI
- 10.2991/apbec-18.2019.53How to use a DOI?
- Keywords
- Shareholder value creation, health care industry, materials industry, real estate industry
- Abstract
The measurement of shareholder value creation has not been accurately and consistently explained. Several studies have been conducted to measure shareholder value creation, based on both accounting and economics. However, the results obtained from these studies are confusing and do not have the same results universally. This research is designed by grouping the companies according to the industry. The results of the study show that the appropriate measure in the healthcare industry is represented by accounting measurements, whereas in the materials and real estate industry, it is represented by economy measurements. In the healthcare industry, the trigger factor is Cash Flow from Operating Activity, but in the materials and real estate industry, the trigger factor is Economic Value Added. In the healthcare industry, management can optimize the company's operational scheduling and maximize the use of facilities in hospitals and minimize errors caused by healing and patient care activities. In the materials industry, management must focus on product quality, corporate profitability, and capital management. In the housing industry, management must evaluate projects, manage an effective supply chain system, and focus on real estate development planning, sales strategies, and an attractive credit strategy.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Eveline Siburian AU - Agustinus Yohanes PY - 2019/07 DA - 2019/07 TI - Shareholder Value Creation Measurement Analysis in Healthcare, Materials, and Real Estate Industry in Indonesia BT - Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018) PB - Atlantis Press SP - 380 EP - 387 SN - 2352-5428 UR - https://doi.org/10.2991/apbec-18.2019.53 DO - 10.2991/apbec-18.2019.53 ID - Siburian2019/07 ER -