| Hypothesis | Result |
| H1: There is an impact of economic value-added measures on firm financial performance. | Fully Supported |
| H1a: There is an impact of EVA on ROA. | Supported |
| H1b: There is an impact of REVA on ROA. | Supported |
| H1c: There is an impact of EVA Momentum on ROA. | Supported |
| H2: Economic value added (EVA) provides superior relative information content compared to other value based measures in explaining the financial performance. | Not Supported |
| H3: Refined economic value added (REVA) provides superior relative information content compared to other value based measures in explaining the financial performance, represented by ROA. | Supported |
| H4: Economic value added momentum (EVA Momentum) provides superior relative information content compared to other value based measures in explaining the financial performance. | Not Supported |
| H5: Economic value added (EVA) provides superior incremental information content compared to other value based measures in explaining the financial performance. | Not Supported |
| H6: Refined economic value added (REVA) provides superior incremental information content compared to other value based measures in explaining the financial performance. | Supported |
| H7: Economic value added momentum (EVA Momentum) provides superior incremental information content compared to other value based measures in explaining the financial performance. | Not Supported |