Has EVA evolved to outperform conventional earnings measures in determining firm’s value? A case of Indian consumer firms

Manju Tripathi, Smita Kashiramka and P. K. Jain

Asia-Pacific Journal of Accounting & Economics, 2022, vol. 29, issue 2, 487-501

Abstract: The only five EVA disclosing firms (out of 500 Indian NIFTY500 index firms) belong to consumer goods industry; thus, the sector forms the test case as the paper examines the relative significance of EVA vis-à-vis conventional earnings measures. EVA computational methodology of these firms has been analysed. Moreover, the impact of financial crisis 2008 is studied through EVA and ROCE. Results observe that EVA ranks at par with conventional measures. Pre- and post-crisis analysis not only shows that consumer sector has successfully withstood its impact but also establishes EVA to be a superior indicator of firms’ performance.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/16081625.2019.1584760 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:raaexx:v:29:y:2022:i:2:p:487-501

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/raae20

DOI: 10.1080/16081625.2019.1584760

Access Statistics for this article

Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

More articles in Asia-Pacific Journal of Accounting & Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().