Matches in SemOpenAlex for { <https://semopenalex.org/work/W3134984019> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W3134984019 abstract "Managerial finance literature is replete with intellectually stimulating hypotheses about Economic Value Added (EVA). Upsurges in EVA optimism can be contrasted with Voltaire's attitude toward virtue and other such abstractions. The near unanimity among some researchers reflect the omnipotence of EVA. It has been designed and fashioned the best among “all possible worlds”. Correlation between EVA and stock prices may provide reasonable and reliable guide to EVA’s value as an incentive-contracting tool. Theoretically the best of all possible tools would have a correlation of 1 with the best of all that is best in the “best of all possible worlds”. This would be the case if all is well in the “metaphysico-theologo-cosmolonigology” reporting of financial data. As with most of the theories of finance and economics, EVA is also based on numerous assumptions. This study tests assertions that Economic Value Added (EVA) is more highly associated with stock returns and firm values than accrual earnings, and evaluates which components of EVA, if any, contribute to these associations. Relative information content tests reveal earnings to be more highly associated with returns and firm values than EVA, residual income, or cash flow from operations. Incremental tests suggest that EVA components add only marginally to information content beyond earnings. Considered together, these results do not support claims that EVA dominates earnings in relative information content, and suggest rather that earnings generally outperform EVA. The findings of the study suggest that EVA is a relatively poor predictor of stock performance and enhanced shareholder value." @default.
- W3134984019 created "2021-03-15" @default.
- W3134984019 creator A5010021310 @default.
- W3134984019 date "2003-11-05" @default.
- W3134984019 modified "2023-09-26" @default.
- W3134984019 title "Economic Value Added: Candide or Optimism – A Panglossian and Empirical Study" @default.
- W3134984019 hasPublicationYear "2003" @default.
- W3134984019 type Work @default.
- W3134984019 sameAs 3134984019 @default.
- W3134984019 citedByCount "0" @default.
- W3134984019 crossrefType "posted-content" @default.
- W3134984019 hasAuthorship W3134984019A5010021310 @default.
- W3134984019 hasConcept C10138342 @default.
- W3134984019 hasConcept C105795698 @default.
- W3134984019 hasConcept C106159729 @default.
- W3134984019 hasConcept C120757647 @default.
- W3134984019 hasConcept C121955636 @default.
- W3134984019 hasConcept C138262166 @default.
- W3134984019 hasConcept C162324750 @default.
- W3134984019 hasConcept C163428354 @default.
- W3134984019 hasConcept C175444787 @default.
- W3134984019 hasConcept C206217203 @default.
- W3134984019 hasConcept C23032112 @default.
- W3134984019 hasConcept C25070020 @default.
- W3134984019 hasConcept C2776291640 @default.
- W3134984019 hasConcept C2781426361 @default.
- W3134984019 hasConcept C29122968 @default.
- W3134984019 hasConcept C33923547 @default.
- W3134984019 hasConcept C39389867 @default.
- W3134984019 hasConcept C9778290 @default.
- W3134984019 hasConceptScore W3134984019C10138342 @default.
- W3134984019 hasConceptScore W3134984019C105795698 @default.
- W3134984019 hasConceptScore W3134984019C106159729 @default.
- W3134984019 hasConceptScore W3134984019C120757647 @default.
- W3134984019 hasConceptScore W3134984019C121955636 @default.
- W3134984019 hasConceptScore W3134984019C138262166 @default.
- W3134984019 hasConceptScore W3134984019C162324750 @default.
- W3134984019 hasConceptScore W3134984019C163428354 @default.
- W3134984019 hasConceptScore W3134984019C175444787 @default.
- W3134984019 hasConceptScore W3134984019C206217203 @default.
- W3134984019 hasConceptScore W3134984019C23032112 @default.
- W3134984019 hasConceptScore W3134984019C25070020 @default.
- W3134984019 hasConceptScore W3134984019C2776291640 @default.
- W3134984019 hasConceptScore W3134984019C2781426361 @default.
- W3134984019 hasConceptScore W3134984019C29122968 @default.
- W3134984019 hasConceptScore W3134984019C33923547 @default.
- W3134984019 hasConceptScore W3134984019C39389867 @default.
- W3134984019 hasConceptScore W3134984019C9778290 @default.
- W3134984019 hasLocation W31349840191 @default.
- W3134984019 hasOpenAccess W3134984019 @default.
- W3134984019 hasPrimaryLocation W31349840191 @default.
- W3134984019 hasRelatedWork W128697704 @default.
- W3134984019 hasRelatedWork W1508539310 @default.
- W3134984019 hasRelatedWork W1539395897 @default.
- W3134984019 hasRelatedWork W1595262681 @default.
- W3134984019 hasRelatedWork W1664031531 @default.
- W3134984019 hasRelatedWork W179566178 @default.
- W3134984019 hasRelatedWork W1795709175 @default.
- W3134984019 hasRelatedWork W2056751917 @default.
- W3134984019 hasRelatedWork W2102712176 @default.
- W3134984019 hasRelatedWork W2111692034 @default.
- W3134984019 hasRelatedWork W2112176834 @default.
- W3134984019 hasRelatedWork W2114901848 @default.
- W3134984019 hasRelatedWork W217359618 @default.
- W3134984019 hasRelatedWork W24763076 @default.
- W3134984019 hasRelatedWork W2558497442 @default.
- W3134984019 hasRelatedWork W2606412563 @default.
- W3134984019 hasRelatedWork W2765260693 @default.
- W3134984019 hasRelatedWork W3040755234 @default.
- W3134984019 hasRelatedWork W3124883140 @default.
- W3134984019 hasRelatedWork W3197017319 @default.
- W3134984019 isParatext "false" @default.
- W3134984019 isRetracted "false" @default.
- W3134984019 magId "3134984019" @default.
- W3134984019 workType "article" @default.