EffectofEconomic Value Added, Market Value Added, and Free Cash FlowonSustainable Growth Rate


  • Teerachai Arunruangsirilert
  • Totsaporn Lertpichateand
  • Phubase Maho


Economic value added, Sustainable growth rate, Market value added


This research has an objective to study effect of economic value added, market value added, and free cash flow on sustainable growth rate in order to compare key performance indicatorswhich add value to a company. The study uses Multiple Regression Analysis to observe data from SET 100 listed companies of the Stock Exchange of Thailand during year 2013-2017 totally415 firm-year observations. Results show that economic value added positively affects sustainable growth rate for significance level at 0.01, while market value addedand free cash flow do not affect sustainable growth rate.


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How to Cite

Arunruangsirilert, T. ., Lertpichateand , T. ., & Maho, P. . (2021). EffectofEconomic Value Added, Market Value Added, and Free Cash FlowonSustainable Growth Rate. Business Administration and Management Journal Review, 13(1), 209–224. Retrieved from https://so01.tci-thaijo.org/index.php/bahcuojs/article/view/248550



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