EVA has become recent ideal tool of measuring the financial performance in the corporate world. It is used to find out how well a company is performing and what will be the financial strategy of the companies. Economic Value Added (EVA) was introduced and advocated by Stern Stewart and Co. in 1982. EVA has been using by many MNCs like Coca-Cola, Sprint Corporation and Quaker Oats Infosys etc. to find out the true profitability of their company. This paper is related with how EVA has become better tools of measuring financial performance over the conventional measures.
Financial Performance, Performance, Measurement Tool, Conventional Measurement Tool, Economic Value Added
