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Author:Lieber, R. B.
Title:Who are the real wealth creators?
Journal:Fortune
1996 : DEC, VOL. 134:11, p. 61-66
Index terms:MARKETS
COMPANIES
COMPANY PERFORMANCE
VALUE ADDED
Language:eng
Abstract:The Stern Stewart consultants in New York think that the best measure of financial performance is market value added, MVA. It looks what a company's stock has done to investors' pocketbook over it's life and it compares it with the capital those same investors have plunked down. If a company has a positive MVA, it means it is creating wealth. MVA seems to be a good measure of a company's performance as telling as earnings-per-share-growth or return on equity.
SCIMA record nr: 159604
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