Creation or destruction of the perspective of EVA® value in the Exame Magazine ranking of largest companies

Abstract

This study aimed to verify the behavior of the largest Brazilian companies in sales, with operations in the North / Northeast, Midwest, Southeast and South, listed in the magazine “Exame Melhores e Maiores”, from the perspective of value creation or destruction of the EVA ®. 316 companies were analyzed using descriptive statistics and Correspondence Analysis to determine the
association between the companies that create value (EVA®) with the Brazilian regions and sectors. It was found that 217 companies have created value while 99 destroyed value. Test results showed that the Midwest and the wholesale and retail sectors are associated with a high value creation, not confirming the first and second research hypotheses. The results also indicated that only 5 companies remained in the same positions when comparing the ranking of the magazine Exame with that prepared by EVA® perspective, not confirming the third research hypothesis.