Asymmetric impact of economic value-added dynamics on market value of stocks in Pakistan stock exchange, a new evidence from panel co-integration, FMOLS and DOLS

Shareholders' wealth maximization is the ultimate objective of firms. Economic value added (EVA) is a financial metric linked to shareholders' wealth maximization. Prior studies revealing the efficacy of value-based and accounting-based performance measures are inconclusive. Moreover, all...

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Bibliographic Details
Main Authors: Adil Pasha, Muhammad Ramzan
Format: article
Language:EN
Published: Taylor & Francis Group 2019
Subjects:
eva
roa
Online Access:https://doaj.org/article/8e384e20427a451c88872ab4fb98c622
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