ECONOMIC VALUE ADDED AS A MEASUREMENT TOOL OF FINANCIAL PERFORMANCE

Abstract

The valuation of a company depends upon various factors and is calculated differently depending upon the requirement of the investors. EVA is one of the methods used by the individuals in order to determine whether the company has created any additional value for the shareholders’. This study attempts to show the significance of EVA model and how it efficiently calculates the increase or decrease in the wealth of the shareholders’ for a period of three years from 2020-22. Key words: EVA, shareholders’, wealth and value.