Economic Value Added (EVA) is a measure of a business enterprise’s economic performance based on what is added to that enterprise’s value by its operating earnings (net of tax) reduced by the enterprise’s “capital costs.” The concept of EVA was introduced in the 1980s by the management consulting firm of Stern, Stewart & Co. In February 2018 Institutional Shareholder Services Inc. (ISS), the largest proxy advisory firm in the United States, acquired EVA Dimensions LLC, an EVA-based research firm founded by G. Bennett Stewart III, one of the co-founders of Stern, Stewart & Co. Mr. Stewart currently serves as Senior Advisor to ISS.
8.1.2019