Comparison of Traditional and Modern Performance Instruments on Selected Companies from Pakistan

Authors

  • Muhammad Imran Aslam Superior University, Lahore, Pakistan
  • Ali Akbar Khan Superior University, Lahore, Pakistan
  • Ijaz Hussain Superior University, Lahore, Pakistan
  • Abdul Musawar Ali Superior University, Lahore, Pakistan

Abstract

The objective of this study is to examine the performance of listed companies in Karachi Stock Exchange by using economic value added and market value added. To estimate performance of seven industrial sectors in Pakistan economic value added (EVA) is used along with operating cash flow, net operating profit after tax, net income and return on equity. Multiple regression models are applied on cross sectional data of thirty five firms from seven sectors of Pakistan for year 2012 and 2013. Results and their analysis are portraying the actual picture for economic value added in Pakistan indicating that ability of economic value added to explain market value added is not significant.

Keywords: Stock Exchange; Economic Value added; Cross Sectional

JEL Classifications: C21

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Author Biographies

Muhammad Imran Aslam, Superior University, Lahore, Pakistan

Ph.D. Scholar at Department of Management Sciences, Superior University, Lahore, Pakistan

Ali Akbar Khan, Superior University, Lahore, Pakistan

Ph.D. Scholar at Superior University, Lahore, Pakistan

Ijaz Hussain, Superior University, Lahore, Pakistan

Ph.D. Scholar at Department of Management Sciences, Superior University, Lahore, Pakistan

Abdul Musawar Ali, Superior University, Lahore, Pakistan

PhD-Corporate Finance (Malaysia)HEC Approved PhD SupervisorAssistant Professor-Research DegreesSuperior University Lahore, Pakista

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Published

2015-10-14

How to Cite

Aslam, M. I., Khan, A. A., Hussain, I., & Ali, A. M. (2015). Comparison of Traditional and Modern Performance Instruments on Selected Companies from Pakistan. International Review of Management and Marketing, 5(4), 242–245. Retrieved from https://www.econjournals.com/index.php/irmm/article/view/1404

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Articles