|
|
|
|
||||
|
||||
Economic Value Added - a General PerspectiveB.V. PhaniIndian Institute of Techonology Kanpur; Indian Institute of Technology Kanpur Asish K. BhattacharyyaIndian Institute of Management (IIM), Calcutta June 2, 2000 Decision, Volume 27, No.2, July-Dec 2000, Pg25-55 Abstract: This paper explains the concept of Economic Value Added (EVA) that is gaining popularity in India. The paper examines whether EVA is a superior performance measure both for corporate reporting and for internal governance. It relied on empirical studies in U.S.A. and other advance economies. It concluded that though EVA does not provide additional information to investors, it can be adapted as a corporate philosophy for motivating and educating employees to differentiate between value creating and value destructing activities. This would lead to direct all efforts in creating shareholder value. The paper brings to attention the dangerous trend of reporting EVA casually that might mislead investors.
Number of Pages in PDF File: 28 Keywords: EVA, Economic Value Added, finance, performance Accepted Paper SeriesDate posted: May 13, 2004 ; Last revised: June 3, 2012Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo4 in 0.562 seconds
