Exploring the causality between EVA and Stock Market Returns: Evidence from India

dc.contributor.author	Fadte-Gaonkar, A.
dc.contributor.author	Parab, N.
dc.contributor.author	Reddy, Y.V.
dc.date.accessioned	2018-04-25T09:10:42Z
dc.date.available	2018-04-25T09:10:42Z
dc.date.issued	2018
dc.identifier.citation	Ajanta. 6(2(Pt I)); 2018; 149-154.	en_US
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/5185
dc.description.abstract	The modern performance measure EVA gained significant importance since last 2 decades. The present study aims to examine the impact of EVA on Stock Market Returns and investigate the presence of causality. The pooled data related to 50 companies listed on Nifty 50 has been collected for the period 2003-2017. To examine the impact, Fixed Effect Model and Random Effect Model has been used and Wald Test is considered to evaluate the causality between EVA and Stock Market Returns. Fixed Effect Model was found to be appropriate model for the study and it showed a positive impact of EVA on Stock Market Returns. The study also found the evidence of bi-directional causality between EVA and Stock Market Returns.	en_US
dc.publisher	Ajanta Prakashan, Aurangabad	en_US
dc.subject	Commerce	en_US
dc.title	Exploring the causality between EVA and Stock Market Returns: Evidence from India	en_US
dc.type	Journal article	en_US
dc.identifier.impf	ugc