An Examination On Factors That Influence The Creation Of Economic Value Added To The Professional Teams: Focusing On Korea Baseball Organization (KBO)

Journal of Applied Business Research (JABR)

View Publication Info
 
 
Field Value
 
Title An Examination On Factors That Influence The Creation Of Economic Value Added To The Professional Teams: Focusing On Korea Baseball Organization (KBO)
 
Creator Ko, Kyong Jin
Park, Sanghyun
Shin, Seongyeon
 
Subject Economic Value Added (EVA)
Korea Baseball Organization (KBO)
Financial Statement
Revenue Component
 
Description The research seeks to derive the economic value added (EVA) of 6 franchises from the Korea Baseball Organization (KBO) and concurrently investigate the revenue components contributing to EVA. EVA is regarded as one of the efficient methods on estimating or assessing corporations’ actual economic benefits. For the procedure, financial statements of domestic professional baseball teams for 3 consecutive years (2016-2018), which were released to the Data Analysis Retrieval and Transfer System (DART) of the Financial Supervisory Service (FSS), were utilized. First, NOPLAT, IC, ROIC, and WACC, which refer to essential elements of estimating the EVA, were calculated respectively. Second, Pearson's correlation analysis was conducted between the EVA and the profit indicated in the income statement of the 6 teams. The results of the study are as follows: In case of Doosan, LG and SK, main business revenues showed the highest correlation with EVA, and Kiwoom and Samsung showed the highest correlation with EVA through the contributing factor of ticket sales revenue. Finally, for Lotte, advertising revenue was highly correlated with bringing EVA to the team
 
Publisher Clute Institute
 
Date 2021-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://clutejournals.com/index.php/JABR/article/view/10373
 
Source Journal of Applied Business Research (JABR); Vol. 37 No. 2 (2021); 61-72
2157-8834
0892-7626
 
Language eng
 
Relation https://clutejournals.com/index.php/JABR/article/view/10373/10424
 

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