The Managerial Performances Evaluation through the Economic Value Added
European Research Studies Journal, Volume XI, Issue 4, 83-100, 2008
The goal of this work is to provide a pertinent measure of managerial performances, starting from the idea that those are real only when they assure the satisfaction of all groups, which are interested in the good evolution of the firm. The performances of a firm come from the operating activities, which has to generate big enough cash flow to accomplish the satisfactory remuneration of the creditors, to overcome all the taxes imposed by the state and to lead to the growth of the shareholders’ wealth. Measured trough economic value added the performances of the firm are dependent on the strategies, which are applied by managers.