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Economic Value Added VS. Stockholder’s Equity Value Added

Chao-Hui YEH

Keywords:  Economic Profit, Economic Value Added, and Stockholder’s Equity Value Added

In this manuscript, we will report a new general performance incentive scheme, which we will trademark as Stockholder’s Equity Value Added (SEVA). We will show that the SEVA is an analytical method for calculating economic profit, with a fundamental financial sense and fitness of acting as a substitute to the economic value added (EVA). We discover that the SEVA has some relations with the EVA, and we form the equation model between EVA and SEVA (the 5th equation in this manuscript). It shows that two distinctive analyses are possible. The outcomes opened make this new SEVA method a good candidate for corporation valuation, incentive compensation, and capital budgeting. The SEVA offer us a new technique of thinking of the economic profit, which is a substitute to EVA but equally helpful. The SEVA is a full management scheme that changes significance and performance to focus on value. It is both the quantity of a corporation’s real profitability and a strategy for creating corporation and stockholder wealth. The SEVA is seen as a new, original and logical device to management and inspire persons to make decisions based on the different strategic alternatives.


Residential Vacancies, Ownership and New Construction in an Earthquake Region: Taiwan, 1982-2010


Keywords: Residential Construction, Taiwan, Earthquake, Vacancies, Housing Market, Home Ownership.

Vacancies are usually considered in terms of short-run, rental housing markets, with structural vacancies associated with run-down local physical environments. However, nations can have such persistently high and spatially widespread vacancy rates that this is misleading. Taiwan has not only had a national vacancy rate that has been high for decades, but residential construction continues, and residential purchase prices rise in real terms.  An explanation and a model consistent with these phenomena is the challenge for empirical modelling. For Taiwan the mass of total vacancies is interpreted as structural and imperfectly habitable units but having little housing market impact. Physically Taiwanese dwelling units are overwhelmingly urban, high-density and high-rise, with over eighty-five per cent of occupants being owners. Underlying this is a close relationship between construction and the housing market, with the impact of continually evolving earthquake construction codes considered critical. An aggregate model is estimated using two-stage least-squares on pooled cross-section time-series data for 23 cities and counties annually covering all Taiwan for 1982-2010. Interpretation of the model’s results suggests that implicit improvements in new unit completions help raise real prices, and is consistent with completions forcing older but habitable units off the market into structural vacancies.


The Influence of Perceived Quality and Price on Consumer Purchases: A Study of CFT Cosmetic

Yi-Mei HUANG/Steven C.H. LIN/Tsung-Hao CHEN

Keywords: Country of Origin, Brand Preference, Perceive Product Quality, Perception of Price, Purchasing Intention.

This research aims to investigate the consumer perceived value of male CFT products to enhance our understanding of purchasing intentions in CFT products in the Indonesian and Taiwan market, as well as the phenomenon of consumerism in local and non-local brand preferences that are influenced from their country of origin and the differences between the two. Two models were used to explain the consumer perceived value (CPV) on male CFT products. Six value dimensions (quality value, emotional value, epistemic value, social value, monetary cost, and behavioral cost) have been identified. The result shows that consumer quality value, emotional value, and social value significantly influence the overall value. Moreover, country of origin has a strong influence on nonlocal brand preference, but less influence on local brand preference.