Business, Management and Accounting
5 years ago

Economic Value Added (EVA) Outperforms Traditional Accounting Measures in Indian Automobile Industry

International Journals of Marketing and Technology
Economic value added (EVA) and other accounting performance indicator: An empirical analysis of Indian automobile industry
A. Vijayakumar

Paper Summary

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The article explores how Economic Value Added (EVA) is a better predictor of market value in the Indian automobile industry compared to traditional accounting measures like EPS and ROCE. The study shows that managing factors like sales growth rate and operating profit margin can create value for companies. EVA stands out as a more effective tool for assessing corporate performance and predicting market value.