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Economic Value Added (EVA) is the performance measure that is tied most directly to the creation of share holder wealth or destroyed share holder wealth. In this study, all the banks all have created share holder's wealth as EVA is positive in all the banks in each year. EPS is a tool for measuring financial performance and per share earnings for the equity share holders. From this study, I can conclude that there is significant relationship between Economic Value Added and Earnings per Share. As Economic Value Added is based on Economic Profit and Capital Employed and Earnings per Share is also based on Net Profit and Number of Equity Shares, both are interrelated. And it is proved through t test. Null hypothesis is rejected in all the banks accept IndusInd Bank. It means all the banks accept IndusInd Bank having significant relationship between Economic Value Added and Earnings per Share.
Über den Autor / die Autorin
Asst. Prof. Hardik Bhadeshiya, is a holder of M.Com,MBA, UGC-NET(Management), UGC-NET(Commerce), and pursuing Ph.D in Commerce discipline with nearly 6 years of teaching and researchexperience. He has been published his number ofresearch papers in UGC as well as AICTE sponsorednational and international conference.
