Is EVA more highly associated with stock returns and firm values than ROE, ROA and EPS growth?

• Main Authors: Foo, Shiang Peow., Tan, Boon Kee., Chee, Dominic.
• Other Authors: Boyd, Robert Stewart
• Format: Theses and Dissertations
• Language: English
• Published: 2008
• Subjects: DRNTU::Business::Finance::Financial management
• Online Access: http://hdl.handle.net/10356/7262
• Institution: Nanyang Technological University

The Economic Value Added (EVA®) is a value based performance measure that has attracted much interest and acceptance in recent years. EVA focuses on a firm's ability to earn economic profits (i.e. rates of return on invested capital (ROIC) in excess of its weighted cost of capital (WACC)). EVA...