Indicators of successful companies

European Management Journal

Volumn 21, Issue 3, 2003, Pages 364-369

  Johnson, Robert ^a   Soenen, Luc ^b  

^a UNIVERSITY OF SAN DIEGO   (United States)

^b CALIFORNIA POLYTECHNIC STATE UNIVERSITY   (United States)

Author keywords

Economic value added; Financial performance; Jensen's alpha; Sharpe index; Successful companies; Working capital management

Indexed keywords

EID: 0141800094     PISSN: 02632373     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0263-2373(03)00050-1     Document Type: Article

References (27)

1. Aboody D. Lev B. Information asymmetry, R&D and insider gains Journal of Finance 55 6 2000 2747-2766
2. Barber B.M. Lyon J.D. Firm size, book-to-market ratio and security returns: a holdout sample of financial firms Journal of Finance 52 2 1997 875-883
3. Bhandari L.C. Debt/equity ratio and expected common stock returns: empirical evidence Journal of Finance 43 2 1988 507-528
4. Brealey R.A. Myers S.C. Principles of Corporate Finance 6th edn 1996 McGraw-Hill New York
5. Chan L.K.C. Lakonishok J. Sougiannis T. The stock market valuation of research and development expenditures Journal of Finance 56 6 2001 2431-2456
6. Fama E.F. French K. The cross-section of expected stock returns Journal of Finance 47 1992 427-466
7. Fama E.F. French K. Taxes, financing decisions and firm value Journal of Finance 53 3 1998 819-841
8. Fama E.F. French K. Value versus growth: the international evidence Journal of Finance 53 6 1998 1975-1998
9. Gitman L.J. Estimating corporate liquidity requirements: a simplified approach The Financial Review 9 1 1974 79-88
10. Higgins R.C. How much growth can a firm afford? Financial Management Fall 1977 7-16
11. Jensen M.C. Risk, and the pricing of capital assets, and the evaluation of investment portfolios Journal of Business 42 2 1969 167-247
12. Jensen M.C. Agency costs of free cash flow, corporate finance and takeovers American Economic Review 26 2 1986 323-339
13. Kothari S.P. Shanken J. Book-to-market, dividend yield, and expected market returns: a time-series analysis Journal of Financial Economics 44 1997 169-203
14. John T.A. Accounting measures of corporate liquidity, leverage and costs of financial distress Financial Management Autumn 1993 91-100
15. Laporta R. Lakonishok J. Shleifer A. Vishny R. Good news for value stocks: further evidence on market efficiency Journal of Finance 52 2 1997 859-883
16. Pontiff J. Schall L.D. Book-to-market ratios as predictors of market returns Journal of Financial Economics 49 1998 141-160
17. Richards V.D. Laughlin E.J. A cash conversion cycle approach to liquidity analysis Financial Management 9 1 1980 32-38
18. Rouwenhorst K.G. Local return factors and turnover in emerging stock markets Journal of Finance 54 4 1999 1439-1464
19. Sharpe W.F. Mutual fund performance Journal of Business 39 1 1966 119-138
20. Sharpe W.F. The Sharpe ratio The Journal of Portfolio Management Fall 1994 49-58
21. Shefrin H. Statman M. Making sense of beta, size and book-to-market The Journal of Portfolio Management Winter 1995 26-34
22. Shin H.-H. Soenen L. Efficiency of working capital management and corporate strategy Financial Practice and Education Fall-Winter 1998 37-45
23. Stern J.M. Shiely J.S. Ross I. The EVA Challenge: Implementing Value-Added Change in an Organization 2001 John Wiley & Sons New York
24. Stewart Bennett G. III EVA: fact and fantasy Journal of Applied Corporate Finance 7 2 1994 71-84
25. Titman S. The effect of capital structure on a firm's liquidation decision Journal of Financial Economics March 1984 137-151
26. Titman S. Wessels R. The determinants of capital structure choice Journal of Finance March 1988 1-19
27. Yook K. Estimating EVA using Compustat PC Plus Financial Practice and Education Fall-Winter 1999 33-37