Paradox of EVA (continue...)

• EVA is a measure that produces exactly the same value of a given company than DCF-method and exactly same NPV-value of a given investment project than NPV-method. Still the periodic values of EVA might suffer greatly from accounting distortions and as a performance measure EVA is far from cash flow based measure
• In performance measurement the distortions of EVA should be considered, since there they do not cancel out