TY  - JOUR
AB  - The basis of this paper is a critical review of an article published in this journal, by Zafiris and Bayldon (JAAR, 5, 2, 2000), on Economic Value Added and Market Value Added. This review provides a detailed critique of the literature relating to EVA® and the underlying philosophy of the use of EVA® as a performance metric. Following this, there is a comment on the analysis provided by Zafiris and Bayldon and a review of the empirical evidence presented in support of their analysis. The paper demonstrates that the amendments to the EVA® model proposed by Zafiris and Bayldon are not original and are unlikely to result in a significant improvement to the usefulness of the original model.
VL  - 6
IS  - 1
SN  - 0967-5426
DO  - 10.1108/96754260080001020
UR  - https://doi.org/10.1108/96754260080001020
AU  - Pierce‐Brown BA FCA PhD Rhoda
PY  - 2000
Y1  - 2000/01/01
TI  - EVA® and other Arthurian myths: A comment on Zafiris & Bayldon (2000).
T2  - Journal of Applied Accounting Research
PB  - MCB UP Ltd
SP  - 2
EP  - 22
Y2  - 2024/04/16
ER  -