Hamilton, Janet; Rahman, Shafiqur; Lee, Alice C. - In: Review of Pacific Basin Financial Markets and Policies … 12 (2009) 02, pp. 267-287
Value-added performance measures, such as economic value added (EVA), are promoted as a means to better align managerial incentives and improve firm performance. This paper empirically examines whether EVA adopters outperform a peer group of non-adopters over a long term horizon. It also...