search query: @author Wallace, J. / total: 10
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| Author: | Biddle, G. Bowen, R. Wallace, J. |
| Title: | Does EVA beat earnings? Evidence on associations with stock returns and firm values |
| Journal: | Journal of Accounting & Economics
1997 : DEC 31, VOL. 301-336 |
| Index terms: | PERFORMANCE MEASUREMENT STOCK RETURNS COMPANIES |
| Language: | eng |
| Abstract: | This study tests assertions that Economic Value Addes (EVA) is more highly associated with stock returns and firm values than accrual earnings, and evaluates which components of EVA, if any, contribute to these associations. Relative information content tests reveal earnings to be more highly associated with returns and firm values than EVA, residual income, or cash flow from operations. Incremental tests suggest that EVA components add only marginally to information content beyond earnings. |
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