An Empirical Study Of Shareholder Value Creation By Using Traditional As Well As Value Based Performance Measurement Of Infosys

Abstract

The main aim of this research paper is to study the shareholder value creation by applying traditional measurements like EPS, ROACE, ROANW, and PAT as well as value based measures like EVA and Share price of company. This study has taken Infosys an Indian company as a sample company for the period of 24 years starting from 2000 to 2023. The wide range of period will help us to analyse the performance of the company very deeply. Another highlight of this study is to take a note that this company has stopped giving EVA statement in its annual report as additional information. Does this make any difference in the quality of disclosure in annual report that is also one of the concerns of this study. Finally this study concluded that Infosys has shown tremendous growth in terms of profit as well as value creation.