⭐ Important points (exam-critical)
- ⭐EVA (Economic Value Added) = NOPAT − (Cost of Capital × Invested Capital).
- ⭐Distinguish profit max (short-term) from wealth max (NPV, risk-adjusted).
- ⭐Agency cost categories: monitoring, bonding, residual loss.
- ⭐Indian regulatory environment: SEBI for listed, RBI for NBFCs, MCA for compliance.
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