Two measures of residual income (excess profit) are currently available in the literature: Economic Value Added (EVA) (Stewart, 1991) and Systemic Value Added (SVA) (Magni, 2003a, b, 2004; 2005). This study shows that, unlike EVA, SVA is symmetric and additively coherent. Also, EVA and SVA are not simply different in value but also convey different information about good or bad performances.

Economic value added and systemic value added: symmetry, additive coherence and difference in performance / Ghiselli Ricci, Roberto; Magni, Carlo Alberto. - In: APPLIED FINANCIAL ECONOMICS LETTERS. - ISSN 1744-6546. - STAMPA. - 2:3(2006), pp. 151-154. [10.1080/17446540500426797]

Economic value added and systemic value added: symmetry, additive coherence and difference in performance

MAGNI, Carlo Alberto
2006

Abstract

Two measures of residual income (excess profit) are currently available in the literature: Economic Value Added (EVA) (Stewart, 1991) and Systemic Value Added (SVA) (Magni, 2003a, b, 2004; 2005). This study shows that, unlike EVA, SVA is symmetric and additively coherent. Also, EVA and SVA are not simply different in value but also convey different information about good or bad performances.
2006
2
3
151
154
Economic value added and systemic value added: symmetry, additive coherence and difference in performance / Ghiselli Ricci, Roberto; Magni, Carlo Alberto. - In: APPLIED FINANCIAL ECONOMICS LETTERS. - ISSN 1744-6546. - STAMPA. - 2:3(2006), pp. 151-154. [10.1080/17446540500426797]
Ghiselli Ricci, Roberto; Magni, Carlo Alberto
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/454801
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