EVA, Economic profit and cash value added do NOT measure shareholder value creation
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References listed on IDEAS
- Gary C. Biddle & Robert M. Bowen & James S. Wallace, 1999. "Evidence On Eva," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(2), pages 69-79, June.
- Robert T. Kleiman, 1999. "Some New Evidence On Eva Companies," Journal of Applied Corporate Finance, Morgan Stanley, vol. 12(2), pages 80-91, June.
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- Saadet Kasman & Adnan Kasman, 2011. "Efficiency, Productivity and Stock Performance: Evidence from the Turkish Banking Sector," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 355-372, September.
- Oksana Melnyk, 2019. "Financial Innovation for Assessing the Enterprise Capitalization," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 95-99, September.
- Herciu, Mihaela & Ogrean, Claudia & Belascu, Lucian, 2009. "La dynamique du binôme capital financier – capital intellectuel dans la création de la valeur de l’entreprise dans une société basée sur la connaissance [The dynamics of the financial capital – int," MPRA Paper 16305, University Library of Munich, Germany.
- Syed Quaid Ali Shah & Fong-Woon Lai & Muhammad Kashif Shad & Zdeňka Konečná & Feybi Ariani Goni & Abdoulmohammad Gholamzadeh Chofreh & Jiří Jaromír Klemeš, 2021. "The Inclusion of Intellectual Capital into the Green Board Committee to Enhance Firm Performance," Sustainability, MDPI, vol. 13(19), pages 1-21, September.
- Sweety Narang & Mandeep Kaur, 2014. "Impact of Firm-specific Attributes on Shareholder Value Creation of Indian Companies: An Empirical Analysis," Global Business Review, International Management Institute, vol. 15(4), pages 847-866, December.
- Cachanosky, Nicolás & Lewin, Peter, 2016.
"An empirical application of the EVA® framework to business cycles,"
Review of Financial Economics, Elsevier, vol. 30(C), pages 60-67.
- Nicolás Cachanosky & Peter Lewin, 2016. "An empirical application of the EVA® framework to business cycles," Review of Financial Economics, John Wiley & Sons, vol. 30(1), pages 60-67, September.
- Wnuczak Paweł, 2018. "Social value added (SVA) as an adaptation of economic value added (EVA) to the specificity of cultural institutions," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(1), pages 100-120, March.
- Akalu, M.M. & Turner, J.R., 2001. "The Practice of Investment Appraisal," ERIM Report Series Research in Management ERS-2001-77-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
- Akalu, M.M. & Turner, J.R., 2002. "Adding Shareholder Value through Project Performance Measurement, Monitoring & Control," ERIM Report Series Research in Management ERS-2002-38-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
- Enkeleda Lulaj & Etem Iseni, 2018. "Role of Analysis CVP (Cost-Volume-Profit) as Important Indicator for Planning and Making Decisions in the Business Environment," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 4, May - Aug.
- Elena Shakina & Maria Molodchik, 2013. "Intangible-driven value creation: supporting and obstructing factors," HSE Working papers WP BRP 24/FE/2013, National Research University Higher School of Economics.
- Kowalski Michał J. & Kazak Jan K., 2020. "Value-Based Management for Real Estate Developers’ Activities," Real Estate Management and Valuation, Sciendo, vol. 28(4), pages 48-62, December.
- Dimitar Nenkov, 2017. "Financial management of creating value in companies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 33-47.
- Akalu, M.M. & Turner, J.R., 2001. "Investment Appraisal Process," ERIM Report Series Research in Management ERS-2001-78-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
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More about this item
Keywords
Economic Profit; correlations;JEL classification:
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ACC-2002-11-18 (Accounting and Auditing)
- NEP-CFN-2002-11-18 (Corporate Finance)
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