The Relationship between Stock Return and Economic Value Added (EVA): A Review of KSE-100 Index

Abstract:     
The research is conducted in order to exhibit the relationship between stock return and economic value added (EVA) as compare to the relationship with other variable such as net income (NI) and operating cash flow (OCF) with in Pakistani stock Market. It is evident from the study that the contribution of Operating cash flow is higher as compare to EVA and NI which is a prediction of the least contribution of the EVA in stock return as shown by the individual regression analysis of these variables with stock return. Finally EVA is negatively contributing to the stock return as compare to the other variable shown both by regression and Pearson correlation.

Number of Pages in PDF File: 10

working papers series