The economic value added (EVA) as an emerging tool of performance measurement: Evidence from Indian companies

Poornima, B.G.; Parab, N.; Reddy, Y.V.

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dc.contributor.author	Poornima, B.G.
dc.contributor.author	Parab, N.
dc.contributor.author	Reddy, Y.V.
dc.date.accessioned	2015-10-06T07:39:18Z
dc.date.available	2015-10-06T07:39:18Z
dc.date.issued	2015
dc.identifier.citation	IUP Journal of Accounting Research and Audit Practices. (Jul); 2015; 11pp.	en_US
dc.identifier.uri	http://www.iupindia.in/1507/Accounting Research and Audit Practices/Economic_Value-Added.html
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/4113
dc.description.abstract	The concept of Economic Value Added (EVA) is of recent origin. Considering its significant importance in the corporate world, it becomes vital to understand its role in shareholders' value creation and performance measurement for companies. The present study is an analytical attempt to analyze the relationship between EVA and the traditional measures i.e. Earnings per Share (EPS), Return on Invested Capital (ROIC), and Return on Net Worth(RONW). The study involves a sample of 50 companies listed on Nifty-50 Index of National Stock Exchange (India) from 2009-10 to 2013-14. The select companies have been ranked based on EVA mean values. The paper also concludes that there exists significant difference between the mean values of the variables of the select companies. The results reveal that return on invested capital has significant influence on the EVA.	en_US
dc.publisher	IUP Publications Online	en_US
dc.subject	Commerce	en_US
dc.title	The economic value added (EVA) as an emerging tool of performance measurement: Evidence from Indian companies	en_US
dc.type	Journal article	en_US
dc.identifier.impf	ugc