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Comparison of Traditional and Modern Performance Instruments on Selected Companies from Pakistan

Author

Listed:
  • Muhammad Imran Aslam

    (Department of Management Sciences, Superior University, Lahore, Pakistan,)

  • Ali Akbar Khan

    ( The Economic and Business Research Organization, Lahore, Pakistan,)

Abstract

The objective of this study is to examine the performance of listed companies in Karachi Stock Exchange by using economic value added (EVA) and market value added (MVA). To estimate performance of seven industrial sectors in Pakistan EVA is used along with operating cash flow, net operating profit after tax, net income and return on equity. Multiple regression models are applied on cross sectional data of 35 firms from seven sectors of Pakistan for year 2012 and 2013. Results and their analysis are portraying the actual picture for EVA in Pakistan indicating that ability of EVA to explain MVA is not significant.

Suggested Citation

  • Muhammad Imran Aslam & Ali Akbar Khan, 2015. "Comparison of Traditional and Modern Performance Instruments on Selected Companies from Pakistan," International Review of Management and Marketing, Econjournals, vol. 5(4), pages 242-245.
    • Handle: RePEc:eco:journ3:2015-04-06
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    Citations

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    Cited by:

    1. Oji Okpusa Oke & Kola Benson Ajeigbe, 2024. "Evaluating the Relationship between Accounting Variables, Value-Based Management Variables, and Shareholder Returns: An Empirical Approach," JRFM, MDPI, vol. 17(8), pages 1-17, August.

    More about this item

    Keywords

    Stock Exchange; Economic Value Added; Cross Sectional;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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