Abstract
26Jul 2017 ECONOMIC VALUE ADDED: A FINANCIAL TOOL FOR MEASURING CORPORATE PERFORMANCE WITH REFERENCE TO INDIAN AUTOMOBILE SECTOR. Ganesh Prasad Panda and Santosh Kumar Panda. Lecturer in Commerce, Sadhu Goureswar College, Kanikapada, Jajpur. Odisha, India. Lecturer in Costing, Government Engineering College, Keonjhar, Odisha.
Highlights
Research hypotheses:Hypothesis 1:H0 There is no significant impact of EPS on Economic Value Added (EVA)
H1 There is a significant impact of EPS on EVA
The theory of EVA rests on two principal assertions: first, a company is not truly profitable unless it earns a return on invested capital that exceeds the opportunity cost of capital; and second, that wealth is created when a firm‘s managers make positive Net Present Value (NPV) investment decisions for the shareholders (Grant, 2003).Here EVA is taken as dependent variable and ROE, ROCE, EPS, ROA is taken as independent variable
Summary
ECONOMIC VALUE ADDED: A FINANCIAL TOOL FOR MEASURING CORPORATE PERFORMANCE WITH REFERENCE TO INDIAN AUTOMOBILE SECTOR. Ganesh Prasad Panda[1] and Santosh Kumar Panda[2]. 1. Lecturer in Commerce, Sadhu Goureswar College, Kanikapada, Jajpur. 2. Lecturer in Costing, Government Engineering College, Keonjhar, Odisha
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