The Search for the Best Financial Performance Measure
作者： Jeffrey M. Bacidore , John A. Boquist , Todd T. Milbourn , Anjan V. Thakor
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摘要: Refined economic value added (REVA) provides an analytical framework for evaluating operating performance measures in the context of shareholder value creation. Economic value added (EVA) performs quite well in terms of its correlation with shareholder value creation, but REVA is a theoretically superior measure for assessing whether a firm's operating performance is adequate from the standpoint of compensating the firm's financiers for the risk to their capital. In this article, comprehensive statistical analysis of both REVA and …
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