Abstract
The purpose of this paper is to investigate the explanatory power of two value-based performance measurement models, Economic Value Added (EVA®) and shareholder value added (SVA), compared with three traditional accounting performance measures: earnings per share (EPS), return on investment (ROI), and return on equity (ROE), in explaining stock market returns in the Athens Stock Exchange (ASE).
Original language | English |
---|---|
Pages (from-to) | 182-201 |
Number of pages | 20 |
Journal | Journal of Modelling Management |
Volume | 4 |
Issue number | 3 |
DOIs | |
Publication status | Published - 1 Jan 2009 |
Keywords
- ASE
- stock market returns
- value-based performance
- accounting