Economic Value Added (EVA)” is a registered trademark of Stern Stewart & Co, a consulting firm which implements the EVA concept for large companies. Joel M. Stern, managing partner of Stern Stewart since its inception, is a recognised authority on corporate performance measurement and a pioneer and proponent of shareholder value. Stern recently delivered the Shaw Foundation Distinguished Faculty Lecture at the Singapore Management University on how to make corporate governance work for shareholders. This article explains why EVA as a way of measuring a firm's performance matters.
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Finance and Accounting
Measuring Economic Value Added (EVA): How Corporate Governance Works for Shareholders. (2008). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/63