Empirical Investigation on EVA and Accounting Performance Measures: Evidence from China Stock Market

摘要：

Using the data of Chinese listed firms on main board in the year of 2008, this paper investigates the explanatory power to market value added (MVA) of economic value added (EVA) and traditional accounting measures, respectively. The empirical results show that there are significant correlations between EVA and most of the accounting performance measures, such as earnings per share, net profit and return on equity, etc. EVA is superior to traditional accounting measures in its association with market value added, which implies that EVA can reflect the change of firm value more efficiently.

作者: Qing-mei TAN Na ZHANG Ming-ze MA

作者单位: College of Management and Economics, Tianjin University, Tianjin, China

会议类型: 国际会议

会议名称: 2011 IEEE 18th International Conference on Industrial Engineering and Engineering Management(2011 IEEE 第十八届工业工程与工程管理国际会议 IEEM2011)

会议地点: 长春

会议语种:英文

页码: 2054-2057

在线出版日期: 2011-09-03（万方平台首次上网日期，不代表论文的发表时间）