Do EVA(TM) adopters outperform their industry peers? Evidence from security analyst earnings forecasts

The purpose of the present study is to re-examine the link between economic-value-added adoption and firm performance, using security analyst earnings forecasts. These forecasts, it is argued, function as a proxy for firm performance that usefully supplements other accounting and stock market measur...

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Bibliographic Details
Published in:American business review 2001-06, Vol.19 (2), p.57
Main Authors: Cordeiro, James J, Kent, D Donald
Format: Article
Language:English
Subjects:
Accounting
Book value
Compensation plans
Competition
Earnings per share
Economic value added
Equity
Executive compensation
Performance evaluation
Performance management
Profits
Rates of return
Residuals
Return on assets
Securities markets
Studies
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Description
Summary:The purpose of the present study is to re-examine the link between economic-value-added adoption and firm performance, using security analyst earnings forecasts. These forecasts, it is argued, function as a proxy for firm performance that usefully supplements other accounting and stock market measures.
ISSN:0743-2348