Sales Growth, Profitability and Firm's Value in Emerging Markets - Mwangi, James
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The author discusses the relationship between sales growth, profitability and firm value in firm value creation strategy. Results based on a sample of 69 public limited companies from Kenya, Indonesia, South Africa and The Philippines considered as young emerging market economies in this study indicate that although both firm profitability and value generally rise with sales growth, an optimal point exists beyond which further sales growth adversely affects profitability and shareholder value. The results also show that the level of sales growth that maximizes the value of the firm is lower than that maximizing the company s profitability.…mehr

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Produktbeschreibung
The author discusses the relationship between sales growth, profitability and firm value in firm value creation strategy. Results based on a sample of 69 public limited companies from Kenya, Indonesia, South Africa and The Philippines considered as young emerging market economies in this study indicate that although both firm profitability and value generally rise with sales growth, an optimal point exists beyond which further sales growth adversely affects profitability and shareholder value. The results also show that the level of sales growth that maximizes the value of the firm is lower than that maximizing the company s profitability.
Autorenporträt
Mr. Mwangi is a Finance Lecturer in the Faculty of Business Studies at Chuka University College in Kenya. He is also a PhD - Business Administration student at JKUAT Kenya specialising in Finance. He holds MSc. (Financial Management)from Gadjah Mada University in Indonesia and a B.ED (Arts) Accounting option from University of Nairobi, Kenya.