Abstract

EVA (Economic Value Added) is the trademark used by an American consultancy firm, Stern Stewart & CO, to rename a performance measure that has been around for a very long time in the accounting literature – residual income. Under this concept of profit a company creates wealth only when the cost of capital, included the opportunity costs of shareholders funds, has been recovered. The objective of this study is to examine the theoretical foundations of EVA and its role as tool for monitoring and rewarding senior managers. Particular emphasis is given to the accounting adjustments and to the bonus bank proposed by Stern Stewart to align the interests of managers and shareholders, making the former behaving as owners.

Autore Pugliese

• Papa Marco

Tutti gli autori

• PAPA M.

Titolo volume/Rivista

Non Disponibile

Anno di pubblicazione

2012

ISSN

Non Disponibile

ISBN

978-88-204-1954-7

Numero di citazioni Wos

Nessuna citazione

Ultimo Aggiornamento Citazioni

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Numero di citazioni Scopus

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Ultimo Aggiornamento Citazioni

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Settori ERC

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Codici ASJC

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