Resource tax policy changes impact corporate value for petroleum companies.
The article discusses how using Economic Value Added (EVA) can help companies improve their value. It explains that for a company to create value, it needs to earn more on its investments than it costs to get that money. By focusing on maximizing EVA, companies can increase their overall worth. The research suggests that factors like cost control, management efficiency, and adapting to changes in taxes and exchange rates can impact a company's EVA. Specifically, petroleum and petrochemical companies are advised to control costs and adjust their development strategies. Additionally, the government is recommended to consider changes in taxes and pricing to support better EVA performance.