Performance effectiveness of Russian energy companies based on EVA and DEA

Abstract

Calculating both EVA and DEA indices is an effective way to comprehensive performance estimation. Russian market is full of differences between largest companies which influence their operation results. Some of them have more refinement facilities, other differ in export share or capital structure. There are plenty factors which we determined at the first stage of this research to compare those companies. Though, not all of them can really explain effectiveness changes such as EVA fluctuations or it’s decreasing trough 2014-2017 years at Russian market. This is possible with using a method suggested in this research.