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| Author: | Riahi-Belkaoui, A. Picur, R. |
| Title: | Net value added as an explanatory variable for returns |
| Journal: | Managerial Finance
1994 : VOL. 20:9, p. 56-60 |
| Index terms: | VALUE ADDED USA STOCK RETURNS |
| Language: | eng |
| Abstract: | This study investigates the usefulness of net value added in explaining stock returns of a sample of US firms. The results provide evidence that current and past levels of net value added or current and past levels of changes in net value added are associated with stock returns. A case may be made for the disclosure of value added information by US firms. The results point to the usefulness of net value added as a measure of wealth. The US reporting system would improve by the additional disclosure of value added information. |
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