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International Journal of Advanced Scientific Research and Management
For many years Shareholder value creation or shareholder wealth maximization have turned into the corporate objective. Measuring the performance and value creation is an essential part of any organization and this enables the organization in forming strategies in achieving the corporate objective. The Economic Value added (EVA) developed by Stern Steward Co., has been broadly acknowledged and used by all levels of corporates across the globe for measuring and evaluating the firm's performancefatcat:yhzq32x55rgcdl5guc4dqzycta