Indian Banking and Information Content of EVA and Traditional Measures

Abstract

's et. al. (1997), Bao and Bao (1998) Solomon (1965) suggested that residual income be used as an internal performance measure and Anthony (1973, 1982, and 1982) suggested that it is suitable to measure external performance.

Mergers and Acquisitions-the Game of Profit and Loss: A Study of Indian Banking Sector

“…   …………………………………………………………………………… (7) Where, K= Invested capital D= total debt and leases E= total equity and equity equivalents, M= non-operating cash and investments Many researchers (Banerjee, 2000), (Patel and Patel, 2012), (Sura, 2013) have made an attempt to evaluate performance of Bank using EVA. However, these researchers have evaluated performance of bank in relation to EVA in normal business conditions.…”