Hypothesis

Result

H1: There is an impact of economic value-added measures on ROA.

Fully Supported

H_1a: There is an impact of EVA on ROA.

Supported

H_1b: There is an impact of EVA Momentum on ROA.

Supported

H2: There is an impact of economic value-added measures on ROE.

Partially Supported

H_2a: There is an impact of EVA on ROE.

Not Supported

H_2b: There is an impact of EVA Momentum on ROE.

Supported

H3: Economic value added (EVA) provides superior relative information content compared to (EVA Momentum) in explaining the financial performance.

Partially Supported

H_3a: Economic value added (EVA) provides superior relative information content compared to (EVA Momentum) in explaining the financial performance, represented by ROA.

Supported

H_3b: Economic value added (EVA) provides superior relative information content compared to (EVA Momentum) in explaining the financial performance, represented by ROE.

Not Supported

H4: Economic value added Momentum (EVA Momentum) provides superior relative information content compared to (EVA) in explaining the financial performance.

Fully Supported

H_4a: Economic value added Momentum (EVA Momentum) provides superior relative information content compared (EVA) explaining the financial performance, represented by ROA.

Supported

H_4b: Economic value added Momentum (EVA Momentum) provides superior relative information content compared (EVA) in explaining the financial performance, represented by ROE.

Supported