伊娃管理系统介绍.pptxVIP

New York ? Chicago ? Los Angeles ? London ? Paris ? Milan ? Munich ? Tokyo Sao Paulo ? Singapore ? Sydney ? Johannesburg ? Shanghai;Contents;;EVA? is Earnings After the Cost of Capital;The intrinsic value is the determinant of the market value in efficient capital market;;EVA measure gives more insights into the business;;From the traditional accounting model to the economic model of the firm;Optimizing the EVA Measure;;;;Cost of Equity Capital (required return byequity holders);In general, a higher business risk implies higher beta value, hence higher cost of equity;To calculat