The Search for the Best Financial Performance Measure: Basics are Better
11 Pages Posted: 22 Jan 2018
Date Written: October 26, 1998
Abstract
Economic value added (EVA) is a well-known and widely used measure of operating performance. Bacidore, Boquist, Milbourn, and Thakor [1997] introduce a modified version of EVA called refined economic val-ue added (REVA). They claim that REVA is theoretically superior to EVA. Actually, EVA is theoretically superior to REVA.]
Keywords: EVA, REVA, financial analysis, investment analysis, corporate management
JEL Classification: G10,G11,G30,G32
Suggested Citation: Suggested Citation
Ferguson, Robert and Leistikow, Dean, The Search for the Best Financial Performance Measure: Basics are Better (October 26, 1998). Available at SSRN: https://ssrn.com/abstract=3101948 or http://dx.doi.org/10.2139/ssrn.3101948
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