Abstract
This study is an attempt to correlate Balanced Scorecard and
Economic Value Added, to create an integrative relationship system
because they are the contemporary models in strategic performance
evolution.
To achieve this the researcher reviewed financial statements or
(185) SMEs between 2004-2006, and calculated the EVA, as Well
as developing a questionnaire consisting of<7l> items for measuring
Balanced Scorecard perspectives, EVA realization, and Balanced
Scorecard. Its validity and reliability were verified, The questionnaire
was distributed (185) on financial managers, and (151) returned
questionnaires were good for analysis‘ And the hypothesis was tested
by using correlated statistic consisted of sample regression, multi
regression, and Canonical. The researcher reached the following
results;
- The study indicates that there is a medium level from
awareness in EVA and Balanced Scorecard among SMEs projects
administrators.
— There are statistical significance effect between Balanced
Scorecard perspective and Economic value added.
- There are statistical significance effect between financial
perspective, internal process perspective, learning and growth
perspective, Customer perspective and Economic value added,
- There are statistical significance effect between Balanced
Scorecard perspective and Economic value added on strategic
performance evolution (sales growth), (Assets growth),
(Employees number growth) in SMEs projects.