CORPORATE VALUE PRODUCTIVITY BASED ON INTERNATIONAL AND NATIONAL ACCOUNTING STANDARDS

This paper focuses on the level and development of enterprise value productivity. The value productivity reflects the level and changes in the technical economic efficiency of production factors. It is an important factor in achieving the corporate goals, performance and competitiveness. The paper works with the value productivity in the contemporary concept which works not only with the efficiency of inputs consumption but also with the efficiency of capital employed (inputs binding). The value productivity results of the corporate development can be used as basis for decision making process and for further strategy creation. The value of productivity measures is influenced by data used for a calculation. Mostly the data come from the financial accounting which can be based on different accounting standards - for the Czech enterprises the Czech accounting standards or International Financial Reporting Standards (IFRS). Used standards would have an impact on the value productivity measures. The aim of this paper is to show a significance of this impact. For this purpose the paper uses case studies of companies whose financial data are available in the both standards. It could lead to a recommendation which accounting standards are more appropriate for the calculation of the value productivity measures.