[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.
The economic value added
from these ancillary services, ranging from catering to construction companies, is significant," he says.