An empirical analysis of shareholder value creation as a proxy for measuring corporate performance

dc.contributor.author	Borde, N.
dc.contributor.author	Hegde-Desai, P.
dc.date.accessioned	2015-06-04T03:25:48Z
dc.date.available	2015-06-04T03:25:48Z
dc.date.issued	2012
dc.identifier.citation	Mapping the Global Future: Evolution through Innovation and Excellence, Ed. By: Nejdet Delener, Leonora Fuxman, F. Victor Lu, Susana Rodrigues. Global Business and Technology Association, ISBN:1-932917-08-X. 2012; 41-48.	en_US
dc.identifier.uri	http://gbata.org/wp-content/uploads/2013/06/GBATA_2012_Readings_Book.pdf
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/2776
dc.description.abstract	Empirical research finds that shareholder value creation represented by Pablo Fernandez Model (PFM) and EVATM is a better proxy of corporate performance than traditional accounting measures such as NOPAT, RoA, RoC and NPAT on several parameters discussed. These models reflect the value created for the shareholders by using variables that are closer to market price. The value is added only when the final price is above the cost of capital, which is the driver of all the corporate activity even in India, which is good example of weak form of efficiency with a hint of semi-strong efficiency.
dc.publisher	Global Business and Technology Association
dc.subject	Management Studies	en_US
dc.title	An empirical analysis of shareholder value creation as a proxy for measuring corporate performance	en_US
dc.type	Book chapter	en_US