| Summary: | Here is the in-depth guide to the new financial tool known as economic value-added, or EVA. It explains how and why EVA developed, and shows how corporations and analysts can use it to more accurately measure the financial performance of individual companies, industries, and economies. This book provides a concise foundation on the "economic value added" approach to both corporate finance and investment management. In corporate finance, emphasis is placed on the present value relationship between a company's expected future EVA and its current NPV, as well as the financial characteristics of wealth-creating firms, industries, and economies. In investment management, the book focuses on how to apply EVA principles to select equity securities, and to build investment opportunities in the context of the Markowitz portfolio model.<br> <br> Foundations of Economic Value Added was endorsed by G. Bennett Stewart III of Stern Stewart & Co., as well as senior executives in banking and investment management. The book was recently published in Japanese (ISBN4-492-55322-3).
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