Fernández, Pablo - IESE Business School, Universidad de Navarra - 2002
Economic Profit and EVA, during the period 1991-1997. In this case, the sample consisted of the 28 largest Spanish companies …. Economic Profit had the highest correlation with shareholder value creation in only 4 companies (EVA in only 2), while in 18 …. Consequently, it is impossible for accounting-based measures, such as those we have seen (EVA, economic profit, cash value added …