Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)

Dimitrios Maditinos; Zeljko Sevic; Nikolaos Theriou

doi:10.1108/17465660911006431

Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)

Dimitrios Maditinos, Zeljko Sevic, Nikolaos Theriou

Research output: Contribution to journal › Article › peer-review

18 Citations (Scopus)

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	https://doi.org/10.1108/17465660911006431
Publication status	Published - 1 Jan 2009

Keywords

ASE
stock market returns
value-based performance
accounting

Documents and Links

10.1108/17465660911006431

Cite this

@article{c52efdfe88394420a573da21f2c49b17,

title = "Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)",

abstract = "The purpose of this paper is to investigate the explanatory power of two value-based performance measurement models, Economic Value Added (EVA{\textregistered}) 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).",

keywords = "ASE, stock market returns, value-based performance, accounting",

author = "Dimitrios Maditinos and Zeljko Sevic and Nikolaos Theriou",

note = "<p>Originally published in: Journal of Modelling Management (2009), 4 (3), pp.182-201.</p>",

year = "2009",

month = jan,

day = "1",

doi = "10.1108/17465660911006431",

language = "English",

volume = "4",

pages = "182--201",

journal = "Journal of Modelling Management",

issn = "1746-5664",

publisher = "Emerald Publishing Limited",

number = "3",

}

TY - JOUR

T1 - Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)

AU - Maditinos, Dimitrios

AU - Sevic, Zeljko

AU - Theriou, Nikolaos

N1 - <p>Originally published in: Journal of Modelling Management (2009), 4 (3), pp.182-201.</p>

PY - 2009/1/1

Y1 - 2009/1/1

N2 - 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).

AB - 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).

KW - ASE

KW - stock market returns

KW - value-based performance

KW - accounting

U2 - 10.1108/17465660911006431

DO - 10.1108/17465660911006431

M3 - Article

VL - 4

SP - 182

EP - 201

JO - Journal of Modelling Management

JF - Journal of Modelling Management

SN - 1746-5664

IS - 3

ER -

Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)

Abstract

Keywords

Documents and Links

Fingerprint

Cite this