Ivanov, Stoyu I.; Leong, Kenneth; Zaima, Janis K. - In: The International Journal of Business and Finance Research 8 (2014) 1, pp. 103-112
Economic value-added or EVA is a common metric that quantifies the value of the firm. However, recent studies that examine portfolio investment strategies using EVA suggest that portfolios formed with negative EVA earn relatively higher returns compared to some positive EVA firms. This study...
