Indian Journal of Finance

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EVA Discipline Getting Hotter at HARSCO Corporation


Affiliations
1 Assistant Professor, Institute for International Management and Technology, Gurgaon, Haryana, India
2 Marketing Fellow, Adam Smith Institute of Management, Gurgaon, Haryana, India

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EVA is an acronym for Economic Value Added. It helps in measuring the corporate performance. EVA is not only a measure of performance, but also a framework that helps decision makers in an organization to bring in organizational change. It helps in providing complete financial management and incentive compensation system that helps in improvement of the professional lives of everyone in an organization by making them more empowered. EVA stands as a unique tool amongst most others because it includes a charge against profit for the cost of the entire capital that a company employs. This helps the management in producing much more wealth for shareholders, customers, and their own selves.
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  • EVA Discipline Getting Hotter at HARSCO Corporation

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Authors

Himanshu Choudhary
Assistant Professor, Institute for International Management and Technology, Gurgaon, Haryana, India
Vandana Sharma
Marketing Fellow, Adam Smith Institute of Management, Gurgaon, Haryana, India

Abstract


EVA is an acronym for Economic Value Added. It helps in measuring the corporate performance. EVA is not only a measure of performance, but also a framework that helps decision makers in an organization to bring in organizational change. It helps in providing complete financial management and incentive compensation system that helps in improvement of the professional lives of everyone in an organization by making them more empowered. EVA stands as a unique tool amongst most others because it includes a charge against profit for the cost of the entire capital that a company employs. This helps the management in producing much more wealth for shareholders, customers, and their own selves.