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Search for the Best Financial Performance Measure: Basics Are Better
Robert Ferguson and Dean Leistikow
Financial Analysts Journal
Vol. 54, No. 1 (Jan. - Feb., 1998), pp. 81-85
Published by: CFA Institute
Stable URL: http://www.jstor.org/stable/4480056
Page Count: 5
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Economic value added (EVA) is a well-known and widely used measure of operating performance. Bacidore, Boquist, Milbourn, and Thakor (1997) claimed in a recent "Financial Analysts Journal" article that a modified version of EVA, refined economic value added (REVA), is theoretically superior to EVA. Actually, EVA is theoretically superior to REVA.
Financial Analysts Journal © 1998 CFA Institute