Economic Value Added (EVA) is the value created in excess of the required return of the company's investors. In this interview, Joel M. Stern talks about the EVA concept and the benefits it brings to entrepreneurs, especially when they create incentives for all members of the organization. He also comments on the differences it has with Balanced Scorecard, and finally, he shares some advice to shareholders in Latin America.
Economic Value Added (EVA), interview with Joel M. Stern Joel M. Stern, Florencia Roca
Businnes School Building, EN-605 Universidad Francisco Marroquín Guatemala, October 18, 2011
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Joel M. Stern
Joel M. Stern is the creator and developer of Economic Value Added (EVA), Chairman and CEO of Stern Stewart & Co. He is well-known for his experience in financial economics, corporate performance measurement, corporate valuation and incentive compensation. Stern graduated in Finance and Economics and holds an MBA from the University of Chicago and an honorary doctorate in business from Universidad Francisco Marroquín.