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
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Maditinos, D., Sevic, Z., & Theriou, N. (2009). Modelling traditional accounting and modern value-based performance measures to explain stock market returns in the Athens Stock Exchange (ASE). Journal of Modelling Management, 4(3), 182-201. https://doi.org/10.1108/17465660911006431