Global Journal of Research in Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Detailed Investigation of Eva in Indian Banking Sector and its Impact on its Share Price:A Study on Axis, HDFC And ICICI Bank


Affiliations
1 GLS University, India
     

   Subscribe/Renew Journal


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.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Chauhan, P. ( 2012). Shareholders Value Creation in Indian Petroleum Industry: An Empirical Analysis. International Conference on Business, Economics, Management and Behavioral Sciences (ICBEMBS'2012) Dubai , 483-486.

  • Hamidah. (2015 ). EVA, ROCE, ROE, and EPS as Method of Assessment of Financial Performance and Its Effect on Shareholders’ Wealth: Evidence From Bank Listed at Indonesian Stock Exchange in 2011 – 2013. International Journal of Scientific and Research Publications, Volume 5, Issue 2, .

  • KHAN, S., CHOUHAN, D., CHANDRA, D., & DR. SHUBHAMGOSWAMI. (September 2012). Measurement of Value Creation Vis-À-Vis EVA: Analysis of Select BSE Companies. Pacific Business Review International.

  • N.Sakthivel, D. (2011). SHAREHOLDERS’ VALUE IN INDIAN PHARMACEUTICAL INDUSTRY: AN EMPIRICAL ANALYSIS. Indian Journal of Commerce & Management Studies , 87-99.

  • Patel, R., & Patel, M. (2012). Impact of Economic Value Added (EVA) on Share Price: A Study of Indian Private Sector Banks. International Journal of Contemporary Business Studies .

  • RAUL, A. C. ( May 2012,). IMPACT OF M & AS ON SHAREHOLDERS’ WEALTH: EVIDENCE FROM THE INDIAN BANKING SECTOR. ZENITH International Journal of Business Economics & Management Research, Vol.2 Issue 5.

  • Shah, A., & Sengupta, S. (2009). A Study on Financial Performance and Valuation Metrics: Application of EVA, MVA, CVA and TSR Techniques. Twelfth AIMS International Conference on Management , 538-546.

  • Shil, N. C. (2009). Performance Measures: An Application of Economic Value Added. International journal of Business and Management Vol.4 No.3, , 169-177.

  • Thilakerathne, P. M. (2015). Economic Value Added (EVA) Disclosure Practices of Sri Lankan Listed Companies. Journal of Finance and Accounting, 117-127.


Abstract Views: 398

PDF Views: 0




  • A Detailed Investigation of Eva in Indian Banking Sector and its Impact on its Share Price:A Study on Axis, HDFC And ICICI Bank

Abstract Views: 398  |  PDF Views: 0

Authors

Hiteksha Joshi Upadhyay
GLS University, India

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.

References