Business, Management and Accounting
5 years ago

New financial measure EVA boosts shareholder value and corporate performance.

1 view
EXCEL International Journal of Multidisciplinary Management Studies
Economic value added (EVA)-A financial performance measure
K. Krishna Kumar, P. Tamilselvan

Paper Summary

Economic Value Added (EVA) is a way to measure how well a company is doing financially. It helps focus on creating value for shareholders. EVA was popularized by Stern Stwart & Co in 1991. It calculates economic profit by looking at different parts of EVA. The study shows that EVA is a better way to measure performance for both reporting to the public and managing a company internally.

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