EVA (Economic Value Added) better measures the wealth created by a firm during a period, than does traditional accounting earnings, by explicitly assigning a cost of equity capital and removing the distortions of accounting conventions. The fundamental premise of capitalism is that companies are...

‘Managing for shareholder value’ and ‘shareholder value creation’ have become the widely accepted corporate objectives since the last decade. Most of the companies in India are still in the dark about what exactly they are supposed to do for managing shareholder value, though virtually...