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A detailed investigation of EVA in Indian Banking Sector and Its Impact on its Share Price: A study on Axis, HDFC and ICICI Bank

Global Journal of Research in Management

Volume 8 Issue 1

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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