The document summarizes and reviews several studies on different types of value added analysis. It discusses four categories of papers: conceptual, descriptive, empirical, and exploratory cross-sectional. Two specific national studies are highlighted, one analyzing value added ratios of Indian Oil Corporation Ltd over eight years, and another focusing on using value added to measure social performance at Reliance Industries Ltd. The document provides definitions and explanations of value added from various sources.

1. The review contains the papers based on four different Categories i.e. is
conceptual, descriptive, empirical and exploratory cross-sectional. Conceptual
papers cover basic/fundamental concepts. Descriptive studies provide the
explanation or description of content or process and implementation issues
Empirical studies covers data from existing databases, reviews and case
studies.
Exploratory cross-sectional studies deal with the data collection through
surveys. For the convenience the current chapter has been divided into three
sections. Further the studies are divided based on the national and
international studies.
1. Reviews of Studies on Value Added Analysis 2. Review of Studies on the
Economic Value Added 3. Reviews of Studies on Market Value Added 4.
Researcher’s findings on Research 5. Researchers Contribution and work done

2. • Reviews of studies on Value Added Analysis The term “Value Added”
means the excess of turnover plus income from services over the cost
of bought-in goods and services.
• Value Added may be known as the wealth created by the company
from its operation.
• Value Added has been defined by Corporate Report as “the wealth,
the reporting activity has been able to create by its own and its
employee’s efforts. John Sizer (1987) from his book “An Insight into
Management Accounting”, says that “Value Added is the wealth, the
company has been able to create by its own and its employee’s
efforts during a period.”

3. • According to Richard Lewis et al, from their book “Advance Financial
Accounting” says that “value of the goods or services produced by the
team, i.e., sales revenue less the value of the goods and services
purchased from outsiders i.e., the cost of bought-in-materials and
services.” Value Added is an important measure to judge the
efficiency of an enterprise.

4. • Studies at National Level B.S. Yogesha, Dr. B. Mahadevappa (2014) in his
paper, Analysis of Value Added Ratios of Indian Oil Corporation Ltd, have
analyzed Value Added ratios of a public sector undertaking in India. He has
selected Indian Oil Corporation Ltd as Sample Company for the study. Value
Added ratios were calculated on the basis of eight year’s audited financial
statements. This paper grasped attention on the helpfulness of the Value
Added ratios to the company in measuring the productivity and efficiency
of an organization. Davada, R. H., (2012) in his article Social Performance
through Value Added Reporting – An Empirical Study of Reliance Industries
Ltd, has focused on the meaningfulness of Value Added in measuring the
corporate performance. The result showed that the conventional measures
based on traditional financial accounting and can be particularly useful for
employees‟ oriented approach, which will be a more fruitful discussion
with employees and can be especially useful in productivity arrangements

5. • Studies at National Level B.S. Yogesha, Dr. B. Mahadevappa (2014) in his
paper, Analysis of Value Added Ratios of Indian Oil Corporation Ltd, have
analyzed Value Added ratios of a public sector undertaking in India. He has
selected Indian Oil Corporation Ltd as Sample Company for the study. Value
Added ratios were calculated on the basis of eight year’s audited financial
statements. This paper grasped attention on the helpfulness of the Value
Added ratios to the company in measuring the productivity and efficiency
of an organization. Davada, R. H., (2012) in his article Social Performance
through Value Added Reporting – An Empirical Study of Reliance Industries
Ltd, has focused on the meaningfulness of Value Added in measuring the
corporate performance. The result showed that the conventional measures
based on traditional financial accounting and can be particularly useful for
employees‟ oriented approach, which will be a more fruitful discussion
with employees and can be especially useful in productivity arrangements