Relation Between Economic Value Added and Share Prices of Selected Indian Bank (Axis Bank and ICICI Bank)

Asian Resonance(P: ISSN No. 0976-8602 RNI No.UPENG/2012/426228 VOL.-IV, ISSUE-I, January-2015  E: ISSN No. 2349-9443) 

Abstract


 Bhawana Johri 

Assistant Professor, Deptt. of Applied Business Economics, Faculty of Commerce, Dayalbagh Educational Institute (Deemed University) Dayalbagh, Agra

The concept of Economic Value Added (EVATM) has been propounded as an economic measure of the extent to which a company adds value to shareholders' wealth. Many Indian banks are discerning the key to their long-term progression does not fit in products and services only but in resources that can never be simulated, that is, their unique and distinctive relationship with employees, investors and the community they assist. The main focus of study is to define the shareholders’ value (in reference of Economic Value Added) of private sector banksfrom2009 to 2012. Axis bank has high EVA in comparison to ICICI bank and other private sector banks. Both the banks (Axis bank & ICICI bank) have lower coefficient of determination between EVA and Share price during the study period .EVA and Share price of Axis Bank is insignificantly correlated but ICICI Bank has low correlation between them.

for full paper please visit below link :

http://www.socialresearchfoundation.com/upoadreserchpapers/1/32/1504231244241st%20bhawna%20johri.pdf


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