EVATM AND TRADITIONAL FINANCIAL MEASURE OF BUSINESS PERFORMANCE: A STUDY ON NSE LISTED AUTOMOBILE COMPANIES

Please use this identifier to cite or link to this item: http://inet.vidyasagar.ac.in:8080/jspui/handle/123456789/1009

Title:	EVATM AND TRADITIONAL FINANCIAL MEASURE OF BUSINESS PERFORMANCE: A STUDY ON NSE LISTED AUTOMOBILE COMPANIES
Authors:	Das, Arindam Roy (Dutta), Mahasweta
Keywords:	Economic Value Added (EVA) Liquidity ratio Profitability ratio and Efficiency ratio
Issue Date:	Mar-2013
Publisher:	Vidyasagar University , Midnapore , West-Bengal , India
Series/Report no.:	Vidyasagar University Journal of Commerce;2013
Abstract:	In this article a study has been made to analyse empirically the relationship between Economic Value Added (EVA) based ranking and traditional performance indicator (namely, liquidity, profitability and efficiency ratios) based ranking. For this purpose, EVA of the select NSE listed automobile companies is calculated by making some necessary adjustments. It is observed that no single index can be formed with the help of traditional ratios. In this study, it has been found that profitability and efficiency ratios are positively correlated with the EVA, but liquidity has no impact on EVA. These findings establish that rankings based on EVA and rankings based on traditional measures (profitability and efficiency) are nearly the same
Description:	28-41
URI:	http://inet.vidyasagar.ac.in:8080/jspui/handle/123456789/1009
ISSN:	0973-5917
Appears in Collections:	Vidyasagar University Journal of Commerce Vol.18 [2013]

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