Purpose – The paper seeks to examine the claim of EVA® advocates of its superiority as a financial metric compared with other measures. Design/methodology/approach – The paper uses a sample of 2,252 firm-year observations from the UK market and applies panel data regressions to test the...

Purpose – The paper seeks to examine the claim of EVA ® advocates of its superiority as a financial metric compared with other measures. Design/methodology/approach – The paper uses a sample of 2,252 firm‐year observations from the UK market and applies panel data regressions to test the...