Empirical Study on the Effectiveness of Engineering Management Tools: EVA and FGV

摘要：

EVA and FGV are new tools for performance measurement and engineering management. The paper tests the value relevance of EVA,FGV and traditional performance measurements such as ROE,EPS,and CFOPS. Ohlson model,relative information content test and incremental information content test are used to do the work. The result of relative information test shows that FGVs relative information content is largest. It is more highly associated with corporate value than EVA,EPS,ROE,and CFOPS. Although EVA is also associated with corporate value,it is not as remarkable as EVA advocators proposed. The result of incremental information test reveals that EVA and FGV all have significant incremental information content. It also suggests that EVA and FGV have significant incremental explanatory ability to corporate value. And FGV has more incremental explanation than EVA.

关键词： EVA FGV performance measurement engineering management

作者: Chen Lin Qiao Zhilin

作者单位: School of Management,Northwestern Polytechnical University,Xian,P.R.China School of Economics and Finance,Xian Jiaotong University,Xian,P.R.China

会议类型: 国际会议

会议名称: 2009 IEEE 16th International Conference on Industrial Engineering and Engineering Management(IEEE第16届工业工程与工程管理国际学术会议)

会议地点: 北京

会议语种:英文

页码: 345-349

在线出版日期: 2009-10-21（万方平台首次上网日期，不代表论文的发表时间）