Economic value added in the Hong Kong listed companies: A preliminary evidence
Refereed conference paper presented and published in conference proceedings


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摘要Many advocates claimed that Economic Value Added (EVA) is a key performance index that motivates companies to find ways to increase efficiency of capital utilization and consequently produce a superior operating performance, and therefore should in theory reflect a stock's intrinsic value. Many past studies, however, suggest that EVA does not dominate traditional accounting earnings with stock returns and firm values. With few exceptions, these studies have concentrated on the relationship between EVA and stock returns as well as firm values in the US. This paper investigates related issues by examining the information contents of EVA and other competing measures for firms listed in Hong Kong.
著者Tian VI, Keung EYL, Chow YF
會議名稱International Congress on Modelling and Simulation
會議開始日14.07.2003
會議完結日17.07.2003
會議地點Townsville
會議國家/地區澳大利亞
詳細描述ed. by David A. Post.
出版年份2003
月份1
日期1
出版社UNIV WESTERN AUSTRALIA
頁次1439 - 1444
國際標準書號1-74052-098-X
語言英式英語
關鍵詞corporate governance; EVA; valuation
Web of Science 學科類別Computer Science; Computer Science, Interdisciplinary Applications; Ecology; Environmental Sciences; Environmental Sciences & Ecology; Meteorology & Atmospheric Sciences; Water Resources

上次更新時間 2020-25-09 於 13:27