[H.sub.1]: Net Operating Profit after Tax (NOPAT) is superior to
Economic Value Added (EVA) in explaining the change in Market Value Added (MVA).
This creates the need for having better and innovative methods for measuring the corporate performance and
economic value added (EVA) can be considered as one such measure.
(11.) i) Banerjee, A.,
Economic Value Added and shareholder wealth-An Empirical Study of Relationship, Paradigm, (3: 1999)
The objective of this paper was to investigate the impact of ERM implementation on the firms value measured through
economic value added analysis among the Malaysian PLCs.
"Relation of Information Content of
Economic Value Added and Traditional Measures with Market Value Added".
(2008), "
Economic Value Added," Senior Honors Papers 38, available at: http://digitalcommons.liberty.edu/honors/38
Therefore, this study aims to examine the relationship between the cash conversion cycle and
economic value added in Tehran Stock Exchange.
A positive relation of
economic value added to the capital invested ranged in the above companies from 0.9% to 27.9%.
Keywords: Shareholder Value Added
Economic Value Added Market Value Added Value Creation Shareholders.
(1.) M Woods, L Taylor, G Cheng Ge Fang,"Electronics: a case study of
economic value added in target costing", Management Accounting Research, Vol 23, No 4, 2012.