IDEAS home Printed from https://ideas.repec.org/a/bla/jacrfn/v12y1999i2p69-79.html
   My bibliography  Save this article

Evidence On Eva

Author

Listed:
  • Gary C. Biddle
  • Robert M. Bowen
  • James S. Wallace

Abstract

EVA has attracted considerable attention as an alternative to traditional accounting earnings for use in both valuation and incentive compensation. With a host of consultants now marketing related metrics, numerous claims have been made-most based on anecdotal evidence or in-house studies. This paper summarizes the authors' independent evidence regarding EVA's alleged advantages. 1999 Morgan Stanley.

Suggested Citation

  • 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.
  • Handle: RePEc:bla:jacrfn:v:12:y:1999:i:2:p:69-79
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1745-6622.1999.tb00008.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Raymond W. Goldsmith & Robert E. Lipsey & Morris Mendelson, 1963. "Introduction to "Studies in the National Balance Sheet of the United States, Vol. 2"," NBER Chapters,in: Studies in the National Balance Sheet of the United States, Volume 2, pages 1-40 National Bureau of Economic Research, Inc.
    2. Calomiris, Charles W. & Himmelberg, Charles P. & Wachtel, Paul, 1995. "Commercial paper, corporate finance, and the business cycle: a microeconomic perspective," Carnegie-Rochester Conference Series on Public Policy, Elsevier, pages 203-250.
    3. Richard T. Selden, 1963. "Trends and Cycles in the Commercial Paper Market," NBER Books, National Bureau of Economic Research, Inc, number seld63-1, January.
    4. Raymond W. Goldsmith & Robert E. Lipsey, 1963. "Studies in the National Balance Sheet of the United States, Volume 1," NBER Books, National Bureau of Economic Research, Inc, number gold63-1, January.
    5. Raymond W. Goldsmith, 1958. "Financial Intermediaries in the American Economy Since 1900," NBER Books, National Bureau of Economic Research, Inc, number gold58-1, January.
    6. Daniel Creamer & Sergei P. Dobrovolsky & Israel Borenstein & Martin Bernstein, 1960. "Index to "Capital in Manufacturing and Mining: Its Formation and Financing"," NBER Chapters,in: Capital in Manufacturing and Mining: Its Formation and Financing, pages 341-344 National Bureau of Economic Research, Inc.
    7. Naomi R. Lamoreaux, 1994. "Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England," NBER Books, National Bureau of Economic Research, Inc, number lamo94-1, January.
    8. Raymond W. Goldsmith, 1958. "The Role of Financial Intermediaries in the Financial Structure of the American Economy," NBER Chapters,in: Financial Intermediaries in the American Economy Since 1900, pages 297-334 National Bureau of Economic Research, Inc.
    9. Daniel Creamer & Sergei Dobrovolsky & Israel Borenstein, 1960. "Capital in Manufacturing and Mining: Its Formation and Financing," NBER Books, National Bureau of Economic Research, Inc, number crea60-1, January.
    10. Richard T. Selden, 1963. "Introduction to "Trends and Cycles in the Commercial Paper Market"," NBER Chapters,in: Trends and Cycles in the Commercial Paper Market, pages 1-5 National Bureau of Economic Research, Inc.
    11. Raymond W. Goldsmith & Robert E. Lipsey & Morris Mendelson, 1963. "Studies in the National Balance Sheet of the United States, Volume 2," NBER Books, National Bureau of Economic Research, Inc, number gold63-2, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ewa Mackowiak, 2011. "Capital invested in the strategic management of the company. Cost and methods of obtaining (Kapital zainwestowany w strategicznym zarzadzaniu przedsiebiorstwem. Koszt oraz sposob pozyskania)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 9(34), pages 20-31.
    2. Magni, Carlo Alberto, 2009. "Splitting up value: A critical review of residual income theories," European Journal of Operational Research, Elsevier, vol. 198(1), pages 1-22, October.
    3. Kai Henning Blume, 2016. "Value-based management as a tailor-made management practice? A literature review," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 20(3), pages 553-590, September.
    4. Magni, Carlo Alberto, 2004. "Modelling excess profit," Economic Modelling, Elsevier, vol. 21(3), pages 595-617, May.
    5. McSweeney, Brendan, 2009. "The roles of financial asset market failure denial and the economic crisis: Reflections on accounting and financial theories and practices," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 835-848, August.
    6. Hechmi Soumaya, 2013. "Eva versus Other Performance Measures," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(4), pages 532-541, April.
    7. POPA Gabriela & MIHAILESCU Laurentiu & CARAGEA Codin, 2009. "EVA – Advanced method for performance evaluation in banks," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1 Special), pages 168-173, July.
    8. Serge Agbodjo & Isabelle Martinez, 2012. "La création de valeur actionnariale est-elle pertinente pour la prise de décision d'investissement ? Une étude empirique du SBF250 par secteurs d'activité," Post-Print hal-00935809, HAL.
    9. Magni, Carlo Alberto, 2002. "Investment decisions in the theory of finance: Some antinomies and inconsistencies," European Journal of Operational Research, Elsevier, vol. 137(1), pages 206-217, February.
    10. Bengt Holmstrom & Steven N. Kaplan, 2001. "Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s," NBER Working Papers 8220, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jacrfn:v:12:y:1999:i:2:p:69-79. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1078-1196 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.