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EVA AND THE "NEW ECONOMY"

Gregory V. Milano

Journal of Applied Corporate Finance, 2000, vol. 13, issue 2, pages 118-128

Abstract: Some have observed that the new economy means the end of the EVA performance measurement and incentive compensation system. They claim that although the EVA system is useful for oldline companies with heavy investments in fixed assets, the efficient management of investor capital is no longer an imperative for newage firms that operate largely without buildings and machinery-and, in some cases, with negative working capital. 2000 Morgan Stanley.

Date: 2000
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