메뉴 건너뛰기




Volumn 29, Issue 2, 2004, Pages 201-223

Australian Evidence Concerning the Information Content of Economic Value-Added

Author keywords

ECONOMIC VALUE ADDED; RELATIVE AND INCREMENTAL INFORMATION CONTENT; RESIDUAL INCOME; VALUE RELEVANCE

Indexed keywords


EID: 84996158912     PISSN: 03128962     EISSN: None     Source Type: Journal    
DOI: 10.1177/031289620402900204     Document Type: Article
Times cited : (59)

References (34)
  • 1
    • 84992971136 scopus 로고
    • The incremental information content of earnings, funds flow and cash flow: The UK evidence
    • Ali, A. & Pope, P. F. 1995, ‘The incremental information content of earnings, funds flow and cash flow: The UK evidence’, Journal of Business Finance and Accounting, vol. 22, no. 1, pp. 19-34.
    • (1995) Journal of Business Finance and Accounting , vol.22 , Issue.1 , pp. 19-34
    • Ali, A.1    Pope, P.F.2
  • 2
    • 0001952791 scopus 로고
    • The real key to creating wealth
    • Anonymous, 1993, ‘The real key to creating wealth’, Fortune, vol. 128, no. 6, pp. 38-43.
    • (1993) Fortune , vol.128 , Issue.6 , pp. 38-43
    • Anonymous1
  • 3
    • 27844500490 scopus 로고    scopus 로고
    • Usefulness of value added and abnormal economic earnings: An empirical examination
    • Bao, B-H. & Bao, D-H. 1998, ‘Usefulness of value added and abnormal economic earnings: An empirical examination’, Journal of Business Finance and Accounting, vol. 25, no. 1-2, pp. 251-265.
    • (1998) Journal of Business Finance and Accounting , vol.25 , Issue.1-2 , pp. 251-265
    • Bao, B.-H.1    Bao, D.-H.2
  • 4
    • 0000209408 scopus 로고    scopus 로고
    • International accounting differences and their relation to share prices: Evidence from UK, Australian and Canadian Firms
    • Barth, M. E. & Clinch, G. 1996, ‘International accounting differences and their relation to share prices: Evidence from UK, Australian and Canadian Firms’, Contemporary Accounting Research, vol. 13, no. 1, pp. 135-170.
    • (1996) Contemporary Accounting Research , vol.13 , Issue.1 , pp. 135-170
    • Barth, M.E.1    Clinch, G.2
  • 5
    • 0031593253 scopus 로고    scopus 로고
    • Does EVA beat earnings? Evidence on associations with stock returns and firm values
    • Biddle, G. C., Bowen, R. M. & Wallace, J. S. 1997, ‘Does EVA beat earnings? Evidence on associations with stock returns and firm values’, Journal of Accounting and Economics, vol. 24, no. 3, pp. 301-336.
    • (1997) Journal of Accounting and Economics , vol.24 , Issue.3 , pp. 301-336
    • Biddle, G.C.1    Bowen, R.M.2    Wallace, J.S.3
  • 7
    • 0002976802 scopus 로고
    • The incremental information content of accrual versus cash flows
    • Bowen, R. M., Burgstahler, D. & Daley, L. A. 1987, ‘The incremental information content of accrual versus cash flows’, The Accounting Review, vol. 62, no. 4, pp. 723-747.
    • (1987) The Accounting Review , vol.62 , Issue.4 , pp. 723-747
    • Bowen, R.M.1    Burgstahler, D.2    Daley, L.A.3
  • 8
    • 0010852714 scopus 로고    scopus 로고
    • Economic value added (EVA): An empirical examination of a new corporate performance measure
    • Chen, S. & Dodd, J. L. 1997, ‘Economic value added (EVA): An empirical examination of a new corporate performance measure’, Journal of Managerial Issues, vol. 9, no. 3, pp. 318-333.
    • (1997) Journal of Managerial Issues , vol.9 , Issue.3 , pp. 318-333
    • Chen, S.1    Dodd, J.L.2
  • 9
    • 3543061134 scopus 로고    scopus 로고
    • Do new performance measures measure up?
    • Clinton, B. D. & Chen, S. 1998, ‘Do new performance measures measure up?’, Management Accounting, vol. 80, no. 4, pp. 38-44.
    • (1998) Management Accounting , vol.80 , Issue.4 , pp. 38-44
    • Clinton, B.D.1    Chen, S.2
  • 10
    • 0026252999 scopus 로고
    • The new productivity challenge
    • Drucker, P. 1991, ‘The new productivity challenge’, Harvard Business Review, vol. 69, no. 6, pp. 69-79.
    • (1991) Harvard Business Review , vol.69 , Issue.6 , pp. 69-79
    • Drucker, P.1
  • 11
    • 0002778354 scopus 로고
    • Earnings as an explanatory variable for returns
    • Easton, P. D. & Harris, T. S. 1991, ‘Earnings as an explanatory variable for returns’, Journal of Accounting Research, vol. 29, no. 1, pp. 19-36.
    • (1991) Journal of Accounting Research , vol.29 , Issue.1 , pp. 19-36
    • Easton, P.D.1    Harris, T.S.2
  • 12
    • 3042865287 scopus 로고    scopus 로고
    • Search for the best financial performance measure: Basic are better
    • Ferguson, R. & Leistikow, D. 1998, ‘Search for the best financial performance measure: Basic are better’, Financial Analysts Journal, vol. 54, no. 1, pp. 81-86.
    • (1998) Financial Analysts Journal , vol.54 , Issue.1 , pp. 81-86
    • Ferguson, R.1    Leistikow, D.2
  • 13
    • 0001386234 scopus 로고    scopus 로고
    • Accounting valuation, market expectation and cross-sectional stock returns
    • Frankel, R. & Lee, C. M. C. 1998, ‘Accounting valuation, market expectation and cross-sectional stock returns’, Journal of Accounting and Economics, vol. 25, no. 3, pp. 283-319.
    • (1998) Journal of Accounting and Economics , vol.25 , Issue.3 , pp. 283-319
    • Frankel, R.1    Lee, C.M.C.2
  • 14
    • 21144462546 scopus 로고
    • A nonlinear model of security price responses to unexpected earnings
    • Freeman, R. N. & Tse, S. Y. 1992, ‘A nonlinear model of security price responses to unexpected earnings’, Journal of Accounting Research, vol. 30, no. 2, pp. 185-209.
    • (1992) Journal of Accounting Research , vol.30 , Issue.2 , pp. 185-209
    • Freeman, R.N.1    Tse, S.Y.2
  • 15
    • 20144368284 scopus 로고    scopus 로고
    • EVA versus earnings: Does it matter which is more highly correlated with stock returns?
    • Garvey, G. T. & Milbourn, T. T. 2000, ‘EVA versus earnings: Does it matter which is more highly correlated with stock returns?’, Journal of Accounting Research, vol. 38, Supplement, pp. 209-245.
    • (2000) Journal of Accounting Research , vol.38 , pp. 209-245
    • Garvey, G.T.1    Milbourn, T.T.2
  • 16
    • 0004296209 scopus 로고
    • Prentice-Hall, Englewood Cliffs
    • Greene, W. H., 1983. Econometric Analysis, Prentice-Hall, Englewood Cliffs, pp. 612-638.
    • (1983) Econometric Analysis , pp. 612-638
    • Greene, W.H.1
  • 17
    • 0038067061 scopus 로고    scopus 로고
    • Implementing EBO/EVA® analysis in stock selection
    • Spring
    • Herzberg, M. M. 1998, ‘Implementing EBO/EVA® analysis in stock selection’, Journal of Investing, vol. 7, Spring, pp. 45-53.
    • (1998) Journal of Investing , vol.7 , pp. 45-53
    • Herzberg, M.M.1
  • 18
    • 0001643326 scopus 로고
    • A note on interpreting incremental information content
    • Jennings, R. 1990, ‘A note on interpreting incremental information content’, The Accounting Review, vol. 65, no. 4, pp. 925-932.
    • (1990) The Accounting Review , vol.65 , Issue.4 , pp. 925-932
    • Jennings, R.1
  • 20
    • 0042372131 scopus 로고    scopus 로고
    • EVA, accounting profits, and CEO turnover: An empirical examination, 1985-1994
    • Lehn, K. & Makhija, A. K. 1997, ‘EVA, accounting profits, and CEO turnover: An empirical examination, 1985-1994’, Journal of Applied Corporate Finance, vol. 10, no. 2, pp. 90-97.
    • (1997) Journal of Applied Corporate Finance , vol.10 , Issue.2 , pp. 90-97
    • Lehn, K.1    Makhija, A.K.2
  • 21
    • 0007684065 scopus 로고    scopus 로고
    • Accounting for Change
    • McClenahen, J. S. 1998, ‘Accounting for Change’, Industry Week, vol. 247, no. 17, pp. 63-65.
    • (1998) Industry Week , vol.247 , Issue.17 , pp. 63-65
    • McClenahen, J.S.1
  • 23
    • 0032325778 scopus 로고    scopus 로고
    • Wall Street's contribution to management accounting: The Stern Stewart EVA® Financial Management System
    • O'Hanlon, J. & Peasnell, K. 1998, ‘Wall Street's contribution to management accounting: The Stern Stewart EVA® Financial Management System’, Management Accounting Research, vol. 9, no. 2, pp. 421-444.
    • (1998) Management Accounting Research , vol.9 , Issue.2 , pp. 421-444
    • O'Hanlon, J.1    Peasnell, K.2
  • 25
    • 66149163271 scopus 로고    scopus 로고
    • Earnings-returns relation versus net-value-added-returns relation: The case for a nonlinear specification
    • Riahi-Belakoui, A. 1996, ‘Earnings-returns relation versus net-value-added-returns relation: The case for a nonlinear specification’, Advances in Quantitative Analysis of Finance and Accounting, vol. 4, no. 1, pp. 175-185.
    • (1996) Advances in Quantitative Analysis of Finance and Accounting , vol.4 , Issue.1 , pp. 175-185
    • Riahi-Belakoui, A.1
  • 26
    • 0001764317 scopus 로고    scopus 로고
    • Intertemporal cost allocation and managerial investment incentives: A theory explaining the use of economic value added as a performance measure
    • Rogerson, W. P. 1997, ‘Intertemporal cost allocation and managerial investment incentives: A theory explaining the use of economic value added as a performance measure’, Journal of Political Economy, vol. 105, no. 4, pp. 770-795.
    • (1997) Journal of Political Economy , vol.105 , Issue.4 , pp. 770-795
    • Rogerson, W.P.1
  • 27
    • 84996179046 scopus 로고    scopus 로고
    • Co. http:/www.sternstewart.com/, Accessed February 1999.
    • Stern Stewart & Co. 1999, http:/www.sternstewart.com/, Accessed February 1999.
    • (1999) Stern Stewart
  • 30
    • 0002458159 scopus 로고    scopus 로고
    • A new way to find bargains
    • Topkis, M. 1996, ‘A new way to find bargains’, Fortune, vol. 134, no. 11, pp. 265-266.
    • (1996) Fortune , vol.134 , Issue.11 , pp. 265-266
    • Topkis, M.1
  • 31
    • 0002642397 scopus 로고    scopus 로고
    • EVA for banks: Value creation, risk management and profitability measurement
    • Uyemura, D. G., Kantor C. C. & Petit, J. M. 1996, ‘EVA for banks: Value creation, risk management and profitability measurement’, Journal of Applied Corporate Finance, vol. 9, no. 2, pp. 94-111.
    • (1996) Journal of Applied Corporate Finance , vol.9 , Issue.2 , pp. 94-111
    • Uyemura, D.G.1    Kantor, C.C.2    Petit, J.M.3
  • 32
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix and a direct test for heteroskedasticity
    • White, H. 1980, ‘A heteroskedasticity-consistent covariance matrix and a direct test for heteroskedasticity, Econometrica, vol. 48, pp. 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 33
    • 84992933738 scopus 로고    scopus 로고
    • Economic value-added: A review of the theoretical and empirical literature
    • Worthington, A. C. & West, T. 2001, ‘Economic value-added: A review of the theoretical and empirical literature’, Asian Review of Accounting, vol. 9, no. 1, pp. 67-86.
    • (2001) Asian Review of Accounting , vol.9 , Issue.1 , pp. 67-86
    • Worthington, A.C.1    West, T.2
  • 34
    • 0002560115 scopus 로고    scopus 로고
    • Some reflections on accounting adjustments and economic value added
    • Young, S. D. 1999, ‘Some reflections on accounting adjustments and economic value added’, Journal of Financial Statement Analysis, vol. 4, no. 2, pp. 7-13.
    • (1999) Journal of Financial Statement Analysis , vol.4 , Issue.2 , pp. 7-13
    • Young, S.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.