Repeated Measures Analysis on Determinant Factors of Enterprise Value

Enterprise value is the result of interaction between financial and nonfinancial factors. Financial factors represent important resources in production of goods but their contribution on enterprise has decreased with the development of knowledge-based economy. Acceptance of nonfinancial factors as elements generating future benefits imposed the application of European politicies concerning nonfinancial reporting for multinationals.The objective of this article is the variation analysis of the most significant financial and nonfinancial factors of enterprise value. The analyzed sample consist of 400 european multinationals for the period 2009-2012.The statistical tool used was SPSS 20 and work method was repeated measures ANOVA. The results showed several evolution of factors analyzed, providing support for developed of factors that increase enterprise value.