EVA (Company and Shareholder Value Indicator)

Authors

DOI:

https://doi.org/10.32870/myn.vi55.7887

Keywords:

EVA, Finance, Inflation, Index

Abstract

Economic Value Added (EVA) originates as a value-based measure of performance, comparing the profitability obtained by a company with the opportunity cost of capital used to support its tangible and intangible resources. EVA measures the actual creation of shareholder value by a company. In other words, it is not enough for a company to be profitable; it must also cover the opportunity cost of investing in its tangible and intangible resources.

References

BANXICO. (2025). Economic Information System. Mexico: Banco de México. Link: https://www.banxico.org.mx/

INEGI. (2024). Economic Information Bank. Mexico: National Institute of Geography and Statistics. Link: http://www.inegi.org.mx/sistemas/bie/

Marshall, A. (1890). The Principles of Economics. MACMILLAN AND CO. https://eet.pixel-online.org/files/etranslation/original/Marshall,%20Principles%20of%20Economics.pdf

Marx, C. (1975). Capital: Critique of Political Economy, Siglo XXI Editores, S. A. de C. V. https://biblioteca.ciesas.edu.mx/wp-content/uploads/2024/01/Marx_El-capital_Tomo-1_Vol-1.pdf

Santarcángelo, J. E. & Borroni, C. (2012). The Concept of Surplus in Marxist Theory: Debates. Ruptures and Perspectives. Cuadernos de Economía, 31(56).

Sharma, A. & Kumar, S (2010). Economic Value Added (EVA) - Literature Review and Relevant Issues. International Journal of Economics and Finance. 2(2). https://doi.org/10.5539/ijef.v2n2p200

Sri, S. (2019). Economic Value Added for Competitive Advantage: A Case of Indian Companies. Cambridge Scholars Publishing.

Stern, J., Stewart, G. & Chew, D. (1995). The EVAr financial management system. Journal of Applied Corporate Finance 8(2), 32–46. https://doi.org/10.1111/j.1745-6622.1995.tb00285.x

Stewart, G. (1991). The Quest for Value: A guide for Senior managers. Harper Business

Stewart, G. (1994). EVA: Reality and fantasy. Journal of Applied Corporate Finance, 7(2), 71–84. https://doi.org/10.1111/j.1745-6622.1994.tb00406.x

Downloads

Published

2025-05-01

How to Cite

Gaytán Cortés, J. (2025). EVA (Company and Shareholder Value Indicator). Mercados Y Negocios, (55), 133–144. https://doi.org/10.32870/myn.vi55.7887

Issue

Section

Economic and Financial Index

Most read articles by the same author(s)

> >>