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Summary: The EVA Challenge

Review and Analysis of Stern and Shiely's Book

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The must-read summary of Joel Stern and John Shiely's book: "The EVA Challenge: Implementing Value-Added Change in an Organization". This complete summary of the ideas from Joel Stern and John Shiely's book "The EVA Challenge" shows how Economic Value Added is the best and most direct measure of whether a business is creating wealth when the cost of its capital has been taken into account. EVA also aligns precisely the interests of the company¿s owners with the interests of the managers in a way that is free of the distortions and vagaries of accounting conventions. In their book, the authors...