Loading...
Do EVA ™ Adopters Outperform their Industry Peers? Evidence from Security Analyst Earnings Forecasts
Journal Title
American Business Review
Keywords
Readers/Advisors
Journal Title
Term and Year
Publication Date
2001-06-01
Book Title
Publication Volume
19
Publication Issue
2
Publication Begin
Publication End
Number of pages
Files
Research Projects
Organizational Units
Journal Issue
Abstract
The purpose of the present study is to re-examine the link between EVA ™ adoption and firm performance, using security analyst earnings forecasts. These forecasts, we argue, function as a proxy for firm performance that usefully supplements other accounting and stock market measures. We begin by reviewing some of the literature on EVA™, noting claims for strengths and weaknesses of that performance measure and management system. We then make the case for why security analyst earnings forecasts are a useful performance measure for testing the performance effects of EVA TM adoption. We test our hypothesis using Stern Stewart's sample of firms in 1997.
Citation
DOI
Description
Copyright of American Business Review is the property of University of New Haven School of Business and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.
Permission granted to Digital Commons @Brockport 8/28/2012.