Dr. Hemant Kumar Singh Dr. Sanjeev Kumar Bansal
Abstract:
This paper tries to highlight the concept of Economic value added and its application of commercial banks and then traditional measures vs. Economic value added. An instrument to measure the value creation has been filled with the emergence of a new concept namely, Economic Value Added (EVA). It has been redefined and propagated by U.S. based mostly Stem Stewart & Company. It is an effort to determine the require for a performance evaluate that is well connected to the shareholders wealth and responsive to the measures of the company's managers. The shareholder worth is taken into account as a necessary aware of the company performance The Study accomplishes that Economic Value Added is slowly gaining an increased attention as a financial measure of corporate performance of banks. It holds up the researcher's view that the concept of Economic Value Added has been emerging in the brains of the top brass of the corporate world in India and has natured a extraordinary and excellent time ahead
