Business, Management and Accounting
4 years ago

Economic Value Added fails to predict stock returns in Indian market.

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Journal of Commerce and Accounting Research
Economic Value Added and Stock Price of Firms in Indian Stock Market
C. Vanlal Zawna, Rohini Singh

Paper Summary

The article explores how Economic Value Added (EVA) can help investors understand the true value of a firm in the Indian stock market. By analyzing data from 17 companies over 10 years, the study found a weak correlation between EVA and stock return, as well as other financial performance measures like EPS, ROA, RoIC, and RoNW.

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