De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden)2011-03-142011-03-142010-04De Wet, JHvH, 2010, 'When do companies really create value? a comparative synopsis of EVA, CFROI and EBM', Accountancy SA, pp. 24-26. [http://www.accountancysa.org.za/]0258-7254http://hdl.handle.net/2263/16038For some time now, it has dawned on the finance fraternity that there are weak relationships between indicators of shareholder wealth and the traditional accounting measures of financial performance. This realisation has sparked new interest in efforts to trace the real drivers of shareholder value in order to measure and incentivise company performance better and to deploy scarce resources more appropriately.enSouth African Institute of Chartered AccountantsExpectations-based management (EBM)Cash flow return on investment (CFROI)Economic value added (EVA)Economic value added -- South AfricaBusiness enterprises -- ValuationStockholder wealthArticle