The Factors of Value Creation of the Company

The aim of this article is to analyze the factors of value creation, analyze the relationship between market value and other accounts of financial statements of Russian grocery retail companies, build companies market value models using econometric models, together with analyzing previous modeling researches and current Russian grocery retail market. To analyze this impact on market value, econometrical and analytical methodologies are used so that there will be valid results. As it is econometric research, it provides the regression analysis of the financial statements accounts of Russian grocery retail companies based on econometric tools such as STATA, Microsoft Excel, and R programs. Several long and unclear models have to be simplified due to one-year cross-section and panel data used. Additionally, full interpretation and application of these models in practice are explained with details and further recommendations are provided in the conclusion part of the paper.