Since its general introduction in the early 1990's, Economic Value Added (EVA) has generated considerable debate primarily in academia. We survey CFOs of Fortune 1000 firms to learn their views about purported strengths and weaknesses of EVA. The key findings of the paper are as follows. With...

Much debate exists about the effectiveness of Economic Value Added (EVA). We evaluate 11 common concerns about EVA and conclude that the major concerns are that EVA: (1) is distorted by the depreciation method, (2) might require complex adjustments; (3) is a short-term measure; (4) is an absolute...

We perform an online survey of candidates, who listed their resume on the 2002 FMA website, seeking finance faculty positions. The response rate is approximately 50 percent. Consistent with Bertin, Prather, and Zivney (1999), we find that the new hire market for finance professors continues to...

Mueller’s (1972) life cycle theory suggests that innovation is the driver of growth and a firm’s growth rate is what determines its life cycle. In testing various potential implications of life cycle stages, however, researchers to date have chosen proxies other than innovations (e.g., age)....