A detailed investigation of EVA in Indian Banking Sector and Its Impact on its Share Price: A study on Axis, HDFC and ICICI Bank
Published: 2018
Author(s) Name: Hiteksha Joshi Upadhyay |
Author(s) Affiliation: Assistant Professor, Faculty of Mgt., GLS University, Gujarat, India.
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Abstract
A bank’s management creates value when it takes decisions which provide
benefits, in excess of costs. These welfares may come to banks in the near or
distant future dependent on the strategies involved in decision making process.
The purpose of paper is to examine an appropriate way of evaluating bank’s
performance and also see which banks have been able to create or destroy
shareholders wealth during 2010-2015. For research sample of three private
bank is taken and for evaluation economic value added was calculated. In case of
Axis Bank, share price doesn’t influenced by EVA where as in case of HDFC and
ICICI Bank, it does.
Keywords: Economic Value Added, EVA Disclosures, Private Banks in India, shareholders wealth, Share Price
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