EVA as a Financial Metric: the relationship between EVA and Stock Market Performance
作者： K. K. Ray
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摘要: The present research study investigates the relationship between economic value added (EVA) and stock market performance of 36 publicly traded companies in India. attempted to justify claim that high EVA causes incremental gains market. daily prices from 2006 through 2012 were taken Nifty stocks. firms compared with various accounting measures like ROA, ROE, ROS, CAPM Return, excess premium others. Results find little support fact high-EVA lead higher shareholders’ creation. author viewed are more sensitive growth expectation these expectations reflected terms returns as per whim fancies investors rather than information strategy. Key w ords: EVA, Stock Market, & Indian Firms, Value Based Management, Market Performance.
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