Economic Value Added for New Ventures and Small Business
Historically, Economic Value Added (EVA) was a financial tool reserved for large corporations and mature businesses. However, EVA can be particularly useful for small businesses and entrepreneurial endeavors. The value, computed from uncomplicated and available financial data, can direct the tactical and strategic activities of the firm toward value producing projects, help regulate spending, and serve as an exit indicator for firms that may never become successful.
Anonymous. (1993). The real key to creating wealth. Fortune, 1 128 (6), 38-45.
Bishop, K. (2000). Working Smart and Working Hard: The Effects of Entrepreneurial Multi tasking and Intuitive Activities on Venture Performance. Unpublished doctoral dissertation, University of Alabama, Tuscaloosa.
Brewer, P., Chandra, G., & Hock, C. (1999). Economic value added (EVA): Its uses and limitations. Advanced Management Journal, 64 (2), 4- I I .
Chrisman, J., Baurschmidt, A., & Hofer, C. (I998). The determinants of new venture performance: An extended model. Entrepreneurship Theory and Practice, 23 ( I), 5-29.
Delves, D. (I999). Practical Lessons for designing an economic value incentive plan. Compensation and Benefits Review, 31 (2), 61-70.
Dodd, J., & Johns, J. (1999). EVA reconsidered. Business and Economic Review, 45 (3), 13-18.
Hofer, C.W., & Schendel, D. (1978). Strategy formulation: Analytical concepts. St. Paul, MN: West Publishing Company.
Kaplan, R.S., & Norton, D.P. (1993). Putting the balanced scorecard to work. Harvard Business Review, 71 (5), 134-141.
Kaplan, R.S., & Norton, D.P. (I996). Using the balanced scorecard as a strategic management system. Harvard Business Review, 74 (I), 75-87.
Keyes, D., Azamhuzjaev, M., & Mackey, J. (I999). EVA to boldly go? CMA Management, 73 (7), 30-33.
Pressley, T. (1999). EVA: The Real Key to Creating Wealth. Ohio CPA Journal, 58 (4), 36- 37.
Stewart, G. Bennett, (1990), Quest for value: A guide for senior managers. New York: Harper Business.
Stivers, B., & Covin, T. (I998). How non financial performance measures are used. management accounting, 79 (8), 44-49.
Willoughby, J., (2000). Up in smoke. Barron's, 80 (25), 31-36.