The Economic Value added Between Supporters and Opponents

This paper reinvestigate the Economic Value Added(EVA), as a performance measure of the organization's ability to create value. This measure is suggested to be used as an alternative to the traditionally indicators based on the profitability of these organizations. The paper introduce the concept of EVA, the reasons of its appearance from both theoretically and accounting view, the positive and negative points resulting from the use of it by reviewing the most important studies on practical experiences of this measure. The application of this measure has been done on the companies which is listed in the Egypt Stock Exchange, to study the relationship between this measure and share price, and the extent of its ability to interpret the changes in the prices of shares of these companies during the period 2011-2014. The study concluded that there are no statistically significant differences between the stock prices of these companies and the economic value added, and therefore the ineffectiveness of this measure as atool to evaluate the performance of these companies and motivate managers.

The liquidity between the traditional view and alternative concepts An Empirical Study of the Syrian Arab Republic

This research aims at studying and analyzing the traditional liquidity measures (Current ratio, quick ratio), and alternative liquidity measures (cash conversion cycle, the ratio of net balance of fluid), in order to assess the information provided about the entity's ability to repay short-term financial obligations from operating cash flows in a sample of establishments listed in the stock of the Syrian Commission on Financial Markets. The results of the comparative analysis and logistic regression showed that the alternative measures are considered better than conventional measures, regarding the accuracy of the information provided about the ability of an entity to repay short-term obligations. It was found also that the traditional measures can indicate a good level of liquidity, according to the traditional concept and in spite of the non-established ability to repay current liabilities by operating cash flow, it was noted that the relative decline in the conversion of cash and the relative rise in the ratio of net liquid balance cycle may be associated with a rise in the proportion of operating cash flow to current liabilities.