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 journalArticle

    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 languageEnglish
    Pages (from-to)182-201
    Number of pages20
    JournalJournal of Modelling Management
    Volume4
    Issue number3
    DOIs
    Publication statusPublished - 1 Jan 2009

    Keywords

    • ASE
    • stock market returns
    • value-based performance
    • accounting

    Fingerprint Dive into the research topics of 'Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE)'. Together they form a unique fingerprint.

  • Cite this